Cabela’s Inc (CAB) Stake Lowered by Pitcairn Co.
Pitcairn Co. reduced its position in Cabela’s Inc (NYSE:CAB) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,157 shares of the company’s stock after selling 27 shares during the period. Pitcairn Co.’s holdings in Cabela’s were worth $247,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Cabela’s during the second quarter worth $229,000. Tiedemann Wealth Management LLC boosted its stake in Cabela’s by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after buying an additional 200 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Cabela’s during the first quarter worth $234,000. Infrastructure Capital Advisors LLC acquired a new stake in Cabela’s during the first quarter worth $238,000. Finally, LS Investment Advisors LLC boosted its stake in Cabela’s by 21.5% in the second quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock worth $249,000 after buying an additional 742 shares during the last quarter. 55.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Cabela’s Inc (CAB) opened at 52.42 on Friday. The firm has a market cap of $3.61 billion, a PE ratio of 27.19 and a beta of 0.14. Cabela’s Inc has a 12 month low of $45.00 and a 12 month high of $63.60. The firm’s 50-day moving average price is $57.10 and its 200-day moving average price is $53.61.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data 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. The firm had revenue of $890.40 million for the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The business’s revenue for the quarter 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. Analysts expect that Cabela’s Inc will post $2.58 earnings per share for the current year.
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A number of analysts have recently weighed in on CAB shares. Forward View reissued a “buy” rating and issued a $61.50 price objective on shares of Cabela’s in a research report on Tuesday, August 8th. Zacks Investment Research raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Stifel Nicolaus set a $59.00 price objective on Cabela’s and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $61.50 price target on shares of Cabela’s in a research report on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Cabela’s has a consensus rating of “Hold” and a consensus target price 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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