The Cato Corporation (NYSE: CATO) reported second-quarter net income of $1.1 million, or $0.06 per diluted share, for the quarter ended August 1, 2026. The company reported net income of $6.8 million, or $0.35 per diluted share, in the prior-year quarter.
Second-quarter sales were $163.9 million, down 6% from $174.7 million a year earlier. Total revenues were $165.5 million, while gross margin declined to 32.8% from 36.2%.
- Six-month net income was $10.5 million, or $0.53 per diluted share, compared with $10.1 million, or $0.51 per diluted share, a year earlier.
- Six-month sales declined 2.9% to $333.3 million.
- Second-quarter same-store sales decreased 3.7%.
- The company closed eight stores during the quarter and operated 1,057 stores in 31 states as of August 1, 2026.
- Second-quarter SG&A expense declined $3.3 million, primarily due to lower payroll costs and credit card fees.
$CATO Hedge Fund Activity
We have seen 15 institutional investors add shares of $CATO stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIMENSIONAL FUND ADVISORS LP removed 129,807 shares (-21.7%) from their portfolio in Q2 2026, for an estimated $420,574
- MARQUETTE ASSET MANAGEMENT, LLC added 103,328 shares (+inf%) to their portfolio in Q2 2026, for an estimated $334,782
- TWO SIGMA INVESTMENTS, LP removed 69,915 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $226,524
- UBS GROUP AG removed 65,467 shares (-92.5%) from their portfolio in Q2 2026, for an estimated $212,113
- NEWEDGE ADVISORS, LLC added 42,436 shares (+inf%) to their portfolio in Q2 2026, for an estimated $137,492
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 40,779 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $132,123
- RBF CAPITAL, LLC removed 39,327 shares (-32.2%) from their portfolio in Q2 2026, for an estimated $127,419
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
