Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant’s
Common Equity, Related Stockholder Matters and Issuer Purchases
of
Equity Securities:
Market & Dividend Information
The
Company’s
Class A Common
Stock
trades
on the
New York
Stock
Exchange (“NYSE”) under
the symbol CATO.
As of March 23, 2022, the approximate number of record holders of the Company’s Class A Common
Stock was 5,000 and there were 2 record holders of the Company’s Class B Common Stock.
25
Stock Performance Graph
The
following
graph
compares
the
yearly
change
in
the
Company’s
cumulative
total
shareholder
return on
the Company’s
Common Stock (which
includes Class
A Stock
and Class
B Stock)
for each
of
the
Company’s
last
five
fiscal
years
with
(i)
the
Dow
Jones
U.S.
Retailers,
Apparel
Index
and
(ii)
the
Russell 2000 Index.
THE CATO
CORPORATION
STOCK PERFOMANCE TABLE
(BASE 100 – IN DOLLARS)
LAST TRADING DAY
OF THE FISCAL YEAR
THE CATO
CORPORATION
DOW JONES U.S.
RETAILERS,
APPL
INDEX
RUSSELL 2000
INDEX
1/27/2017
100
100
100
2/2/2018
50
114
117
2/1/2019
68
124
113
1/31/2020
81
138
123
1/29/2021
58
147
161
1/28/2022
87
163
159
The graph assumes an initial investment of $100 on January 27, 2017,
the last trading day prior to the
commencement of the Company’s 2017 fiscal year, and that all dividends were reinvested.
26
Issuer Purchases of Equity Securities
The following table summarizes the Company’s purchases of its common stock for the three months
ended January 29, 2022:
Total Number of
Maximum Number
Shares Purchased as
(or Approximate Dollar
Total Number
Part of Publicly
Value) of Shares that may
of Shares
Average Price
Announced Plans or
yet be Purchased Under
Period
Purchased
Paid per Share (1)
Programs (2)
the Plans or Programs (2)
November 2021
111,582
$
16.25
111,582
December 2021
310,884
16.30
310,884
January 2022
-
-
-
Total
422,466
$
16.29
422,466
450,047
(1)
Prices
include
trading
costs.
(2)
During the
fourth quarter ended January
29, 2022,
the Company repurchased and
retired 422,466
shares under this program for
approximately
$6,881,294 or an average market price of
$16.29 per
share. As of the fourth
quarter ended
January 29, 2022,
the Company had
450,047 shares
remaining
in open authorizations.
There is no specified
expiration
date for the Company’s
repurchase
program.
The
Board
of
Directors authorized
an
increase
in
the
Company’s
share
repurchase program
of
1,000,000
shares
at the
February
24, 2022
Board
of Directors’
meeting.
27
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.