Investors Buy Large Volume of Cato Call Options (NYSE:CATO)

Cato Corporation (The) (NYSE:CATO) was the target of some unusual options trading activity on Monday. Investors acquired 23,787 call options on the stock. This is an increase of approximately 3,246% compared to the typical volume of 711 call options.

Cato Price Performance

CATO traded up $0.17 during trading on Monday, hitting $3.35. 264,003 shares of the stock traded hands, compared to its average volume of 68,772. The firm has a market capitalization of $66.87 million, a P/E ratio of -338.16 and a beta of 0.59. The firm has a 50-day moving average of $2.98 and a 200 day moving average of $3.12. Cato has a 12-month low of $2.56 and a 12-month high of $4.91.

Cato (NYSE:CATO) last issued its quarterly earnings data on Tuesday, May 26th. The specialty retailer reported $0.47 EPS for the quarter. Cato had a net margin of 0.01% and a return on equity of 0.05%. The business had revenue of $171.10 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cato stock. Goldman Sachs Group Inc. increased its holdings in Cato Corporation (The) (NYSE:CATO) by 76.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,437 shares of the specialty retailer’s stock after acquiring an additional 20,521 shares during the quarter. Goldman Sachs Group Inc. owned about 0.24% of Cato worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 61.10% of the company’s stock.

Cato Company Profile

Cato Corporation is a specialty apparel retailer headquartered in Charlotte, North Carolina. Founded in 1946 by Carl and Bernice Cato, the company operates two banner store concepts—Cato and Versona—and maintains an e-commerce platform to extend its reach beyond brick-and-mortar locations. Cato’s retail mission centers on providing fashionable women’s clothing and accessories at moderate price points.

With over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions, Cato serves a broad customer base seeking everyday and occasion-driven wardrobe solutions.