The Cabelas Inc (CAB) Shares Sold by ProShare Advisors LLC

The Cabelas Inc (CAB) Shares Sold by ProShare Advisors LLC

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in Cabelas by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the company’s stock worth $690,000 after buying an additional 300 shares during the period. Thrivent Financial for Lutherans increased its position in Cabelas by 8.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,970 shares of the company’s stock worth $525,000 after buying an additional 720 shares during the period. Dean Investment Associates LLC increased its position in Cabelas by 1.5% in the third quarter. Dean Investment Associates LLC now owns 57,640 shares of the company’s stock worth $3,166,000 after buying an additional 860 shares during the period. Comerica Bank increased its position in Cabelas by 6.2% in the fourth quarter. Comerica Bank now owns 38,021 shares of the company’s stock worth $2,190,000 after buying an additional 2,222 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Cabelas by 3.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 69,383 shares of the company’s stock worth $4,062,000 after buying an additional 2,267 shares during the period. Hedge funds and other institutional investors own 72.34% of the company’s stock.

ProShare Advisors LLC lowered its position in Cabelas Inc (NYSE:CAB) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,634 shares of the company’s stock after selling 662 shares during the period. ProShare Advisors LLC’s holdings in Cabelas were worth $246,000 at the end of the most recent quarter.

Shares of Cabelas Inc (NYSE:CAB) opened at 53.53 on Monday. Cabelas Inc has a 1-year low of $45.00 and a 1-year high of $63.60. The stock’s 50 day moving average is $54.93 and its 200 day moving average is $54.84. The company has a market cap of $3.69 billion, a P/E ratio of 25.76 and a beta of 0.66.

Cabelas (NYSE:CAB) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $834.90 million during the quarter, compared to analysts’ expectations of $848.09 million. Cabelas had a net margin of 3.99% and a return on equity of 10.23%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. On average, analysts predict that Cabelas Inc will post $2.77 earnings per share for the current year. A number of research firms have weighed in on CAB. Stifel Nicolaus upped their target price on Cabelas from $51.00 to $59.00 and gave the stock a “hold” rating in a report on Tuesday, April 18th. Vetr downgraded Cabelas from a “strong-buy” rating to a “buy” rating and set a $60.00 target price on the stock. in a report on Monday, April 17th. DA Davidson reiterated a “neutral” rating and set a $61.50 target price on shares of Cabelas in a report on Saturday. Zacks Investment Research upgraded Cabelas from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, Forward View set a $60.00 target price on Cabelas and gave the stock a “buy” rating in a report on Sunday, February 19th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.17.

About Cabelas Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CAB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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