California Public Employees Retirement System boosted its position in shares of Cabelas Inc (NYSE:CAB) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,900 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. California Public Employees Retirement System owned 0.18% of Cabelas worth $7,481,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Cabelas by 72.2% during the second quarter. BNP Paribas Arbitrage SA now owns 19,584 shares of the company’s stock worth $1,164,000 after acquiring an additional 8,211 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC bought a new stake in Cabelas during the second quarter worth $297,000. Wellington Management Group LLP raised its position in Cabelas by 143.1% during the first quarter. Wellington Management Group LLP now owns 108,068 shares of the company’s stock worth $5,740,000 after acquiring an additional 63,617 shares in the last quarter. BlackRock Inc. raised its position in Cabelas by 15,917.0% during the first quarter. BlackRock Inc. now owns 3,970,133 shares of the company’s stock worth $210,854,000 after acquiring an additional 3,945,346 shares in the last quarter. Finally, FMR LLC raised its position in Cabelas by 457.2% during the first quarter. FMR LLC now owns 313,244 shares of the company’s stock worth $16,636,000 after acquiring an additional 257,029 shares in the last quarter. 56.87% of the stock is currently owned by hedge funds and other institutional investors.
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Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Cabelas from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $61.50 price target (up from $59.00) on shares of Cabelas in a research report on Friday, September 8th. Forward View reaffirmed a “buy” rating and set a $61.50 price target on shares of Cabelas in a research report on Thursday, September 7th. BidaskClub lowered shares of Cabelas from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Northcoast Research lowered shares of Cabelas from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.13.
Cabelas Inc (NYSE:CAB) opened at 61.50 on Friday. The firm has a market capitalization of $4.24 billion, a P/E ratio of 31.90 and a beta of 0.14. The firm has a 50 day moving average of $57.05 and a 200 day moving average of $55.43. Cabelas Inc has a 12-month low of $45.00 and a 12-month high of $63.60.
Cabelas (NYSE:CAB) last released its earnings results on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). The business had revenue of $890.40 million for the quarter, compared to the consensus estimate of $906.06 million. Cabelas had a return on equity of 5.53% and a net margin of 3.18%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, analysts forecast that Cabelas Inc will post $2.60 EPS for the current fiscal year.
Cabelas 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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