Mason Street Advisors LLC bought a new stake in Cabela’s Inc. (NYSE:CAB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,105 shares of the company’s stock, valued at approximately $1,107,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Elliott Management Corp raised its position in shares of Cabela’s by 45.2% in the first quarter. Elliott Management Corp now owns 6,046,496 shares of the company’s stock valued at $294,404,000 after buying an additional 1,881,496 shares in the last quarter. Pentwater Capital Management LP bought a new position in shares of Cabela’s during the second quarter valued at about $31,037,000. Norges Bank bought a new position in shares of Cabela’s during the fourth quarter valued at about $14,922,000. Governors Lane LP bought a new position in shares of Cabela’s during the second quarter valued at about $8,560,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Cabela’s during the second quarter valued at about $8,102,000. 71.37% of the stock is owned by institutional investors and hedge funds.
Cabela’s Inc. (NYSE:CAB) opened at 51.89 on Monday. The firm has a market cap of $3.55 billion, a P/E ratio of 19.68 and a beta of 1.07. Cabela’s Inc. has a 1-year low of $33.03 and a 1-year high of $54.84. The firm’s 50-day moving average price is $50.00 and its 200-day moving average price is $50.03.
Cabela’s (NYSE:CAB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.03. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. The business had revenue of $929.90 million for the quarter, compared to analysts’ expectations of $905.42 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that Cabela’s Inc. will post $3.17 earnings per share for the current fiscal year.
Several research analysts recently issued reports on CAB shares. Zacks Investment Research raised Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Tuesday, July 19th. MKM Partners reaffirmed a “buy” rating and set a $56.00 target price on shares of Cabela’s in a research report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $38.00 target price on shares of Cabela’s in a research report on Tuesday, July 26th. Finally, Vetr lowered Cabela’s from a “buy” rating to a “hold” rating and set a $51.80 target price for the company. in a research report on Wednesday, June 8th. Fourteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.89.
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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