OppenheimerFunds Inc. lowered its stake in Cabela’s Inc (NYSE:CAB) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,123 shares of the company’s stock after selling 2,174 shares during the period. OppenheimerFunds Inc.’s holdings in Cabela’s were worth $1,228,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Milestone Group Inc. purchased a new position in shares of Cabela’s during the first quarter worth $34,640,000. Bank of New York Mellon Corp increased its stake in shares of Cabela’s by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 548,940 shares of the company’s stock worth $29,153,000 after buying an additional 17,568 shares in the last quarter. Norges Bank acquired a new stake in shares of Cabela’s during the fourth quarter worth $20,509,000. Gabelli Funds LLC increased its stake in shares of Cabela’s by 17.7% in the first quarter. Gabelli Funds LLC now owns 311,812 shares of the company’s stock worth $16,560,000 after buying an additional 46,826 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Cabela’s by 15.9% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 296,680 shares of the company’s stock worth $15,757,000 after buying an additional 40,641 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.
Cabela’s Inc (NYSE:CAB) traded down 0.33% on Friday, hitting $58.06. 523,902 shares of the stock traded hands. The company’s 50 day moving average price is $58.29 and its 200-day moving average price is $53.91. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 27.94 and a beta of 0.16. Cabela’s Inc has a 52-week low of $45.00 and a 52-week high of $63.60.
Cabela’s (NYSE:CAB) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Cabela’s had a net margin of 3.49% and a return on equity of 8.97%. The firm had revenue of $834.90 million for the quarter, compared to the consensus estimate of $848.09 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts forecast that Cabela’s Inc will post $2.77 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on the company. Northcoast Research downgraded Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Stifel Nicolaus set a $59.00 target price on Cabela’s and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Vetr lowered Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 price objective for the company. in a research report on Monday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target 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.
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