Elliott Associates, LP recently disclosed that they own 4% of Cabela’s Inc. (NYSE:CAB) in a Schedule 13D/A disclosure that was filed with the SEC on Wednesday, October 5th. The investor owns 1,862,520 shares of the stock worth about $118,046,518. The reporting parties listed on the disclosure included Elliott Associates, LP, Elliott International, LP and Elliott International Capital Advisors Inc. The filing is available through Edgar at this hyperlink.
Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Eight Capital LLC acquired a new position in shares of Cabela’s during the first quarter worth about $222,000. Elliott Management Corp raised its stake in Cabela’s by 45.2% in the first quarter. Elliott Management Corp now owns 6,046,496 shares of the company’s stock worth $294,404,000 after buying an additional 1,881,496 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in Cabela’s during the first quarter worth $2,427,000. Geode Capital Management LLC raised its stake in Cabela’s by 2.3% in the first quarter. Geode Capital Management LLC now owns 298,147 shares of the company’s stock worth $14,516,000 after buying an additional 6,724 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Cabela’s during the first quarter worth $629,000. 71.37% of the stock is owned by institutional investors.
Cabela’s Inc. (NYSE:CAB) traded up 0.03% during trading on Wednesday, hitting $63.38. 8,442,933 shares of the stock traded hands. Cabela’s Inc. has a 52-week low of $33.03 and a 52-week high of $63.60. The stock has a market cap of $4.34 billion, a P/E ratio of 24.03 and a beta of 0.96. The stock has a 50 day moving average price of $50.89 and a 200-day moving average price of $50.48.
Cabela’s (NYSE:CAB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company earned $929.90 million during the quarter, compared to analysts’ expectations of $905.42 million. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. On average, analysts anticipate that Cabela’s Inc. will post $3.17 EPS for the current fiscal year.
A number of research firms have weighed in on CAB. Goldman Sachs Group Inc. restated a “neutral” rating and set a $77.00 price objective on shares of Cabela’s in a research note on Wednesday. DA Davidson restated a “neutral” rating and set a $65.50 price objective on shares of Cabela’s in a research note on Tuesday. MKM Partners lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Tuesday. Barclays PLC lowered shares of Cabela’s from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $64.00 in a research note on Tuesday. Finally, Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. Cabela’s 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.
Want to see what other hedge funds are holding CAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabela’s Inc. (NYSE:CAB).
Receive News & Ratings for Cabela's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabela's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.