Capital Fund Management S.A. purchased a new stake in shares of Cabela’s Inc. (NYSE:CAB) during the second quarter, Holdings Channel reports. The fund purchased 23,071 shares of the company’s stock, valued at approximately $1,155,000.
Other hedge funds have also added to or reduced their stakes in the company. Carnick & Kubik LLC acquired a new stake in Cabela’s during the first quarter valued at $129,000. LS Investment Advisors LLC boosted its stake in Cabela’s by 70.1% in the second quarter. LS Investment Advisors LLC now owns 2,997 shares of the company’s stock valued at $150,000 after buying an additional 1,235 shares during the last quarter. Seven Eight Capital LLC acquired a new stake in Cabela’s during the first quarter valued at $222,000. Parametrica Management Ltd acquired a new stake in Cabela’s during the second quarter valued at $235,000. Finally, IBM Retirement Fund boosted its stake in Cabela’s by 5.2% in the second quarter. IBM Retirement Fund now owns 5,056 shares of the company’s stock valued at $253,000 after buying an additional 251 shares during the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
Cabela’s Inc. (NYSE:CAB) traded down 1.43% on Friday, hitting $62.25. The stock had a trading volume of 8,725,006 shares. The stock’s 50-day moving average is $51.96 and its 200 day moving average is $50.77. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.61 and a beta of 0.96. Cabela’s Inc. has a 1-year low of $33.03 and a 1-year high of $63.60.
Cabela’s (NYSE:CAB) last posted its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.03. The firm earned $929.90 million during the quarter, compared to analysts’ expectations of $905.42 million. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. Cabela’s’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts predict that Cabela’s Inc. will post $3.17 earnings per share for the current fiscal year.
CAB has been the topic of several recent analyst reports. Zacks Investment Research raised Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Tuesday, July 19th. MKM Partners reiterated a “buy” rating and set a $56.00 price objective on shares of Cabela’s in a research report on Wednesday, June 29th. Vetr upgraded Cabela’s from a “hold” rating to a “buy” rating and set a $51.80 price objective on the stock in a research report on Tuesday, June 14th. Barclays PLC lowered Cabela’s from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $64.00 in a research report on Tuesday. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $38.00 price objective on shares of Cabela’s in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $53.57.
Cabela’s Company Profile
Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela’s brand. The Company’s segments include Retail, Direct, Financial Services, and Corporate Overhead and Other.
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