Seven Eight Capital LP raised its stake in shares of Cabela’s Inc (NYSE:CAB) by 266.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,600 shares of the company’s stock after acquiring an additional 6,252 shares during the quarter. Seven Eight Capital LP’s holdings in Cabela’s were worth $511,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Cabela’s during the second quarter valued at $229,000. LS Investment Advisors LLC lifted its holdings in shares of Cabela’s by 21.5% during the second quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock valued at $249,000 after acquiring an additional 742 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of Cabela’s by 4.4% during the second quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock valued at $256,000 after acquiring an additional 180 shares during the period. Karp Capital Management Corp bought a new position in shares of Cabela’s during the first quarter valued at $234,000. Finally, Sullivan Bruyette Speros & Blaney LLC bought a new position in shares of Cabela’s during the second quarter valued at $297,000. 56.43% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a $61.50 price objective (up from $59.00) on shares of Cabela’s in a report on Friday, September 8th. Forward View reissued a “buy” rating and set a $61.50 price objective on shares of Cabela’s in a report on Thursday, September 7th. DA Davidson reissued a “neutral” rating and set a $61.50 price objective on shares of Cabela’s in a report on Saturday, June 3rd. BidaskClub cut Cabela’s from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut Cabela’s from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.50.
Cabela’s Inc (CAB) opened at 61.31 on Monday. Cabela’s Inc has a 12-month low of $45.00 and a 12-month high of $63.60. The company has a 50 day moving average price of $55.40 and a 200-day moving average price of $54.48. The company has a market capitalization of $4.23 billion, a PE ratio of 31.80 and a beta of 0.14.
Cabela’s (NYSE:CAB) last released its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The company had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same period last year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Cabela’s Inc will post $2.58 EPS for the current year.
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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