The Company, founded in 1946, operates approximately 1,300 apparel and accessories specialty stores in 31 states under the names "Cato", “Versona”, “it’s Fashion” and "It's Fashion Metro". Cato offers the latest fashion styles for any occasion – work or play, dressy or casual in junior/misses and plus sizes, jewelry, shoes and accessories at low prices every day. A substantial portion of Cato’s merchandise is sold under its private labels and is produced by various vendors in accordance with the Company's specifications. Versona is a unique fashion destination for women's jewelry, handbags, apparel and shoes and reflects a commitment to high quality fashions at exceptional prices, every day. It’s Fashion offers the trendy looks you’ll find in mall specialty stores and It’s Fashion Metro offers urban-inspired, nationally recognized brands and the latest fashions for juniors, junior plus sizes, men and big men's, boys and girls, infants and toddlers, newborn and layette and jewelry, shoes and accessories as well, all at low prices every day. Stores primarily range in size from 3,000 to 8,000 square feet with the Cato and It’s Fashion concepts primarily in strip shopping centers while Versona stores are located in premier lifestyle centers and power centers. The Company emphasizes customer service and coordinated merchandise presentations in an appealing store environment. The Company offers its own credit card and layaway plan.
Company profile
Ticker
CATO
Exchange
Website
CEO
John Cato
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
CHW LLC • Providence Insurance Company • CatoSouth LLC • Cato of Texas L.P. • Cato Southwest, Inc. • CaDel LLC • CatoWest LLC • catocorp.com, LLC • Cato Land Development, LLC • Cato WO LLC ...
IRS number
560484485
CATO stock data
Latest filings (excl ownership)
8-K
Financial Statements and Exhibits
20 Mar 23
10-Q
2022 Q3
Quarterly report
22 Nov 22
8-K
Financial Statements and Exhibits
18 Nov 22
10-Q
2022 Q2
Quarterly report
25 Aug 22
8-K
Financial Statements and Exhibits
22 Aug 22
10-Q
2022 Q1
Quarterly report
26 May 22
8-K
Entry into a Material Definitive Agreement
23 May 22
DEF 14A
Definitive proxy
6 Apr 22
8-K
Changes in Control of Registrant
31 Mar 22
10-K
2021 FY
Annual report
23 Mar 22
Latest ownership filings
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
CATO JOHN P D
27 Jan 23
SC 13G/A
BlackRock Inc.
6 Jan 23
4
JOHN P D CATO
29 Nov 22
4/A
DANIEL HARDING STOWE
11 Oct 22
4
ABBY SHEARER
21 Jun 22
4
Theresa J Drew
3 Jun 22
4
PAMELA LEWIS DAVIES
2 Jun 22
4
THOMAS B HENSON
2 Jun 22
Financial summary
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| Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Feb 19 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 21.03 mm | 21.03 mm | 21.03 mm | 21.03 mm | 21.03 mm | 21.03 mm |
| Cash burn (monthly) | 4.35 mm | 573.58 k | 3.04 mm | 22.00 k | (no burn) | 27.00 k |
| Cash used (since last report) | 20.93 mm | 2.76 mm | 14.60 mm | 105.78 k | n/a | 129.82 k |
| Cash remaining | 96.43 k | 18.27 mm | 6.43 mm | 20.92 mm | n/a | 20.90 mm |
| Runway (months of cash) | 0.0 | 31.8 | 2.1 | 950.9 | n/a | 773.9 |
Institutional ownership, Q4 2022
39.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 96 |
| Opened positions | 27 |
| Closed positions | 21 |
| Increased positions | 27 |
| Reduced positions | 31 |
| 13F shares | Current |
|---|---|
| Total value | 74.37 bn |
| Total shares | 10.58 mm |
| Total puts | 9.60 k |
| Total calls | 4.40 k |
| Total put/call ratio | 2.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 1.35 mm | $12.56 mm |
| BLK Blackrock | 1.34 mm | $12.47 bn |
| Vanguard | 926.80 k | $8.65 bn |
| Renaissance Technologies | 636.55 k | $5.94 mm |
| Aldebaran Capital | 565.65 k | $5.28 bn |
| Millennium Management | 475.77 k | $4.45 bn |
| Hotchkis & Wiley Capital Management | 445.13 k | $4.15 bn |
| Geode Capital Management | 332.71 k | $3.10 mm |
| STT State Street | 326.17 k | $3.10 bn |
| Gratia Capital | 273.87 k | $2.56 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Nov 22 | Cato John P D | Class A Common Stock | Buy | Acquire P | No | No | 10.38 | 3,000 | 31.14 k | 1,049,145 |
| 18 Jun 22 | Abby Shearer | Class A Common Stock | Payment of exercise | Dispose F | No | No | 11.48 | 266 | 3.05 k | 27,330 |
| 1 Jun 22 | Stowe Daniel Harding | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,519 | 0.00 | 34,704.087 |
| 1 Jun 22 | Patrick Bailey W | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,519 | 0.00 | 34,370 |
| 1 Jun 22 | Kennedy, Iii Bryan F | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,519 | 0.00 | 28,566 |