California Public Employees Retirement System cut its stake in shares of Cabela’s Inc (NYSE:CAB) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,700 shares of the company’s stock after selling 5,100 shares during the period. California Public Employees Retirement System owned 0.18% of Cabela’s worth $6,623,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CAB. Milestone Group Inc. bought a new position in Cabela’s during the first quarter valued at $34,640,000. Bank of New York Mellon Corp boosted its position 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 during the last quarter. Norges Bank purchased a new position in shares of Cabela’s during the fourth quarter worth $20,509,000. FMR LLC boosted its position in shares of Cabela’s by 457.2% in the first quarter. FMR LLC now owns 313,244 shares of the company’s stock worth $16,636,000 after buying an additional 257,029 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position 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 during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.
Cabela’s Inc (NYSE CAB) traded down 0.33% on Friday, hitting $58.06. The company’s stock had a trading volume of 523,902 shares. Cabela’s Inc has a 1-year low of $45.00 and a 1-year high of $63.60. The company has a market capitalization of $4.00 billion, a P/E ratio of 27.94 and a beta of 0.16. The company has a 50 day moving average price of $58.34 and a 200-day moving average price of $53.92.
Cabela’s (NYSE:CAB) last announced its 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 company had revenue of $834.90 million during the quarter, compared to the consensus estimate of $848.09 million. Cabela’s had a net margin of 3.49% and a return on equity of 8.97%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, equities analysts forecast that Cabela’s Inc will post $2.77 earnings per share for the current fiscal year.
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Several research analysts have commented on the company. BidaskClub lowered Cabela’s from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Northcoast Research lowered 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 report on Tuesday, July 4th. Stifel Nicolaus set a $59.00 target price on Cabela’s and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, DA Davidson restated a “neutral” rating and issued a $61.50 target price on shares of Cabela’s in a research note on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average 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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