Cabela’s Inc (CAB) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Cabela’s Inc (NYSE:CAB) by 49.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,039,016 shares of the company’s stock after purchasing an additional 342,558 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.51% of Cabela’s worth $61,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CAB. Teacher Retirement System of Texas purchased a new stake in shares of Cabela’s during the second quarter valued at $229,000. Tiedemann Wealth Management LLC boosted its stake in shares of Cabela’s by 4.8% during the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock valued at $232,000 after purchasing an additional 200 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Cabela’s during the first quarter valued at $234,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Cabela’s during the first quarter valued at $238,000. Finally, LS Investment Advisors LLC boosted its stake 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 purchasing an additional 742 shares during the period. 56.43% of the stock is owned by hedge funds and other institutional investors.

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Shares of Cabela’s Inc (NYSE:CAB) opened at 61.35 on Wednesday. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 31.82 and a beta of 0.14. The company has a 50-day moving average of $55.02 and a 200-day moving average of $54.17. Cabela’s Inc has a 1-year low of $45.00 and a 1-year high of $63.60.

Cabela’s (NYSE:CAB) last released 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 analyst estimates of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, equities research analysts expect that Cabela’s Inc will post $2.58 EPS for the current fiscal year.

A number of analysts have recently issued reports on CAB shares. DA Davidson reissued a “neutral” rating and set a $61.50 target price on shares of Cabela’s in a research note on Saturday, June 3rd. BidaskClub raised shares of Cabela’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Stifel Nicolaus set a $59.00 target price on shares of Cabela’s and gave the company a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.50.

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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