Other hedge funds have also recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC boosted its position in Cabela’s by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after buying an additional 200 shares during the period. Karp Capital Management Corp purchased a new position in Cabela’s during the first quarter worth about $234,000. Infrastructure Capital Advisors LLC purchased a new position in Cabela’s during the first quarter worth about $238,000. Ursa Fund Management LLC purchased a new position in Cabela’s during the fourth quarter worth about $293,000. Finally, First Citizens Bank & Trust Co. purchased a new position in Cabela’s during the first quarter worth about $279,000. Institutional investors and hedge funds own 58.24% of the company’s stock.
Prudential Financial Inc. boosted its position in shares of Cabela’s Inc (NYSE:CAB) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,223 shares of the company’s stock after buying an additional 1,840 shares during the period. Prudential Financial Inc.’s holdings in Cabela’s were worth $1,711,000 as of its most recent filing with the SEC.
Shares of Cabela’s Inc (NYSE CAB) traded down 0.65% during trading on Wednesday, hitting $56.31. 908,418 shares of the stock were exchanged. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 27.10 and a beta of 0.14. Cabela’s Inc has a 52 week low of $45.00 and a 52 week high of $63.60. The stock’s 50 day moving average price is $58.38 and its 200 day moving average price is $53.85.
Cabela’s (NYSE:CAB) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $834.90 million during the quarter, compared to analyst estimates of $848.09 million. Cabela’s had a net margin of 3.49% and a return on equity of 8.97%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts predict that Cabela’s Inc will post $2.77 earnings per share for the current year.
Several brokerages recently issued reports on CAB. DA Davidson restated a “neutral” rating and set a $61.50 price objective on shares of Cabela’s in a research report on Saturday, June 3rd. Zacks Investment Research downgraded shares of Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Northcoast Research cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. Stifel Nicolaus raised their target price on shares of Cabela’s from $51.00 to $59.00 and gave the stock a “hold” rating in a report on Tuesday, April 18th. Finally, BidaskClub cut shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.93.
Cabela’s Company Profile
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.