Wedbush Securities Inc. Purchases Shares of 6,010 Cabela’s Inc (CAB)

Wedbush Securities Inc. purchased a new stake in shares of Cabela’s Inc (NYSE:CAB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,010 shares of the company’s stock, valued at approximately $357,000.

Other institutional investors have also modified their holdings of the company. Capital Fund Management S.A. acquired a new position in shares of Cabela’s during the first quarter valued at approximately $1,435,000. IndexIQ Advisors LLC boosted its position in shares of Cabela’s by 239.0% in the first quarter. IndexIQ Advisors LLC now owns 35,572 shares of the company’s stock valued at $1,889,000 after buying an additional 25,079 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Cabela’s by 1.0% in the first quarter. State Treasurer State of Michigan now owns 20,900 shares of the company’s stock valued at $1,110,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Cabela’s by 5.4% in the first quarter. Great West Life Assurance Co. Can now owns 30,036 shares of the company’s stock valued at $1,594,000 after buying an additional 1,551 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Cabela’s by 9.3% in the first quarter. Wells Fargo & Company MN now owns 164,710 shares of the company’s stock valued at $8,748,000 after buying an additional 14,002 shares in the last quarter. 55.56% of the stock is owned by institutional investors.

Shares of Cabela’s Inc (CAB) opened at 52.42 on Friday. The stock’s 50 day moving average is $57.10 and its 200 day moving average is $53.61. The stock has a market capitalization of $3.61 billion, a PE ratio of 27.19 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 announced its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.04. The firm had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. Cabela’s’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. Equities research analysts expect that Cabela’s Inc will post $2.58 earnings per share for the current fiscal year.

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Several equities analysts have commented on the stock. Northcoast Research cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut shares of Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Stifel Nicolaus set a $59.00 price target on shares of Cabela’s and gave the company a “hold” rating in a research report on Saturday, July 1st. BidaskClub raised shares of Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Forward View reissued a “buy” rating and issued a $61.50 price target on shares of Cabela’s in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Cabela`s (NYSE:CAB)

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