State Street Corp Has $73.25 Million Position in Cabela’s Inc (CAB)
State Street Corp raised its position in Cabela’s Inc (NYSE:CAB) by 3.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,379,058 shares of the company’s stock after buying an additional 49,045 shares during the period. State Street Corp’s holdings in Cabela’s were worth $73,246,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Tiedemann Wealth Management LLC raised 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 in 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. First Citizens Bank & Trust Co. acquired a new stake in Cabela’s during the first quarter worth $279,000. Finally, Ursa Fund Management LLC acquired a new stake in Cabela’s during the fourth quarter worth $293,000. Institutional investors own 58.24% of the company’s stock.
Shares of Cabela’s Inc (NYSE CAB) opened at 59.76 on Tuesday. Cabela’s Inc has a 12 month low of $45.00 and a 12 month high of $63.60. The firm has a 50-day moving average of $55.42 and a 200-day moving average of $54.16. The company has a market capitalization of $4.12 billion, a P/E ratio of 28.76 and a beta of 0.15.
Cabela’s (NYSE:CAB) last issued its earnings results on Thursday, May 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $834.90 million during the quarter, compared to analysts’ expectations of $848.09 million. Cabela’s had a net margin of 3.49% and a return on equity of 8.97%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, equities analysts predict that Cabela’s Inc will post $2.77 earnings per share for the current year.
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A number of equities research analysts recently weighed in on the stock. DA Davidson restated a “neutral” rating and issued a $61.50 target price on shares of Cabela’s in a report on Saturday, June 3rd. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. Stifel Nicolaus upped their target price on shares of Cabela’s from $51.00 to $59.00 and gave the stock a “hold” rating in a report on Tuesday, April 18th. Finally, BidaskClub upgraded shares of Cabela’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Cabela’s has a consensus rating of “Hold” and an average target price of $60.17.
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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