44,000 Shares in Cabela’s Inc (CAB) Acquired by S. Muoio & CO. LLC
S. Muoio & CO. LLC purchased a new stake in Cabela’s Inc (NYSE:CAB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 44,000 shares of the company’s stock, valued at approximately $2,614,000. Cabela’s comprises approximately 1.3% of S. Muoio & CO. LLC’s investment portfolio, making the stock its 24th largest position.
Other hedge funds also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board increased its stake in Cabela’s by 75.1% in the second quarter. State of Wisconsin Investment Board now owns 165,746 shares of the company’s stock valued at $9,849,000 after buying an additional 71,100 shares during the period. Wedbush Securities Inc. bought a new stake in Cabela’s during the second quarter valued at about $357,000. Sigma Planning Corp increased its stake in Cabela’s by 5.6% in the second quarter. Sigma Planning Corp now owns 6,595 shares of the company’s stock valued at $392,000 after buying an additional 350 shares during the period. Teacher Retirement System of Texas bought a new stake in Cabela’s during the second quarter valued at about $229,000. Finally, Arizona State Retirement System increased its stake in Cabela’s by 1.9% in the second quarter. Arizona State Retirement System now owns 21,800 shares of the company’s stock valued at $1,295,000 after buying an additional 400 shares during the period. Institutional investors own 55.56% of the company’s stock.
Shares of Cabela’s Inc (NYSE:CAB) opened at 53.72 on Tuesday. The company has a market cap of $3.70 billion, a P/E ratio of 27.86 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. The company’s 50-day moving average price is $57.55 and its 200 day moving average price is $53.66.
Cabela’s (NYSE:CAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. Cabela’s’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. On average, equities analysts forecast that Cabela’s Inc will post $2.61 EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Forward View reiterated a “buy” rating and set a $61.50 price target on shares of Cabela’s in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. BidaskClub downgraded Cabela’s from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Northcoast Research downgraded Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus set a $59.00 price target on Cabela’s and gave the stock a “hold” rating in a research note on Saturday, July 1st. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $64.14.
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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