Sullivan Bruyette Speros & Blaney LLC purchased a new position in shares of Cabela’s Inc (NYSE:CAB) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,000 shares of the company’s stock, valued at approximately $297,000.

A number of other institutional investors have also made changes to their positions in CAB. BlackRock Inc. increased its position in shares of Cabela’s by 15,917.0% in the first quarter. BlackRock Inc. now owns 3,970,133 shares of the company’s stock worth $210,854,000 after buying an additional 3,945,346 shares during the period. OZ Management LP acquired a new position in shares of Cabela’s during the first quarter worth about $116,952,000. Milestone Group Inc. acquired a new position in shares of Cabela’s during the first quarter worth about $34,640,000. Driehaus Capital Management LLC acquired a new position in shares of Cabela’s during the first quarter worth about $28,261,000. Finally, Renaissance Technologies LLC increased its position in shares of Cabela’s by 277.3% in the first quarter. Renaissance Technologies LLC now owns 524,500 shares of the company’s stock worth $27,856,000 after buying an additional 385,500 shares during the period. 56.43% of the stock is owned by hedge funds and other institutional investors.

Cabela’s Inc (CAB) opened at 54.09 on Wednesday. Cabela’s Inc has a 12 month low of $45.00 and a 12 month high of $63.60. The stock has a 50 day moving average price of $56.15 and a 200-day moving average price of $53.55. The stock has a market cap of $3.73 billion, a PE ratio of 28.05 and a beta of 0.14.

Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. On average, analysts expect that Cabela’s Inc will post $2.58 EPS for the current year.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Northcoast Research downgraded Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub downgraded Cabela’s from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Forward View reissued a “buy” rating and issued a $61.50 price objective on shares of Cabela’s in a report on Tuesday, August 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $61.50 price objective on shares of Cabela’s in a report on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.14.

About Cabela’s

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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