Dimensional Fund Advisors LP increased its stake in shares of Cabela’s Inc. (NYSE:CAB) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,362,741 shares of the company’s stock after buying an additional 18,577 shares during the period. Dimensional Fund Advisors LP owned about 1.99% of Cabela’s worth $68,212,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CAB. SECOR Capital Advisors LP bought a new stake in Cabela’s during the second quarter valued at about $382,000. Nationwide Fund Advisors raised its stake in Cabela’s by 3.4% in the second quarter. Nationwide Fund Advisors now owns 81,976 shares of the company’s stock valued at $4,104,000 after buying an additional 2,693 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cabela’s by 140.4% in the second quarter. JPMorgan Chase & Co. now owns 45,495 shares of the company’s stock valued at $2,277,000 after buying an additional 26,573 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Cabela’s by 13.0% in the second quarter. Oppenheimer & Co. Inc. now owns 14,605 shares of the company’s stock valued at $731,000 after buying an additional 1,680 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in Cabela’s during the second quarter valued at about $2,888,000. 71.37% of the stock is owned by institutional investors and hedge funds.
Cabela’s Inc. (NYSE:CAB) traded down 0.46% on Thursday, hitting $52.12. The stock had a trading volume of 81,546 shares. Cabela’s Inc. has a 12 month low of $33.03 and a 12 month high of $54.84. The firm’s 50 day moving average price is $50.08 and its 200-day moving average price is $50.13. The stock has a market cap of $3.57 billion, a PE ratio of 19.76 and a beta of 1.07.
Cabela’s (NYSE:CAB) last posted its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $905.42 million. During the same quarter last year, the business earned $0.56 earnings per share. Cabela’s’s revenue was up 11.2% on a year-over-year basis. On average, analysts forecast that Cabela’s Inc. will post $3.17 EPS for the current year.
Several brokerages have recently commented on CAB. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday. MKM Partners restated a “buy” rating and issued a $56.00 price objective on shares of Cabela’s in a research report on Tuesday, July 26th. Credit Suisse Group AG restated a “hold” rating and issued a $38.00 price objective on shares of Cabela’s in a research report on Tuesday, July 26th. Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target 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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