Nuveen Asset Management LLC lowered its stake in Cabela’s Inc (NYSE:CAB) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,229 shares of the company’s stock after selling 3,999 shares during the period. Nuveen Asset Management LLC’s holdings in Cabela’s were worth $809,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC acquired a new position in Cabela’s during the fourth quarter worth $3,291,000. Guggenheim Capital LLC boosted its stake in shares of Cabela’s by 85.3% in the fourth quarter. Guggenheim Capital LLC now owns 50,150 shares of the company’s stock worth $2,936,000 after buying an additional 23,090 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Cabela’s during the fourth quarter worth approximately $573,000. Thrivent Financial for Lutherans boosted its stake in shares of Cabela’s 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cabela’s during the fourth quarter worth approximately $20,509,000. 57.82% of the stock is owned by institutional investors and hedge funds.
Cabela’s Inc (NYSE CAB) opened at 53.61 on Friday. The company’s 50 day moving average is $57.66 and its 200-day moving average is $53.73. The firm has a market cap of $3.70 billion, a P/E ratio of 27.81 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.
Cabela’s (NYSE:CAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.04. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The business had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Cabela’s Inc will post $2.61 EPS for the current fiscal year.
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A number of research firms have recently issued reports on CAB. Stifel Nicolaus set a $59.00 price objective on shares of Cabela’s and gave the stock a “hold” rating in a research note on Saturday, July 1st. Vetr lowered shares of Cabela’s 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. Forward View reissued a “buy” rating and issued a $61.50 target price on shares of Cabela’s in a report on Tuesday, August 8th. Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $61.50 price target on shares of Cabela’s in a report on Saturday, June 3rd. Two investment 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 stock presently has a consensus rating of “Hold” and a consensus price target of $64.14.
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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