BlackRock Advisors LLC cut its position in Cabela’s Inc. (NYSE:CAB) by 37.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,869 shares of the company’s stock after selling 106,464 shares during the period. BlackRock Advisors LLC owned about 0.26% of Cabela’s worth $8,804,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CAB. Elliott Management Corp increased its position 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. Dynamic Technology Lab Private Ltd acquired a new position in Cabela’s during the second quarter worth approximately $443,000. Quadrature Capital Ltd acquired a new position in Cabela’s during the first quarter worth approximately $629,000. Motley Fool Wealth Management LLC increased its position in Cabela’s by 10.0% in the first quarter. Motley Fool Wealth Management LLC now owns 84,136 shares of the company’s stock worth $4,097,000 after buying an additional 7,640 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Cabela’s by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,362,741 shares of the company’s stock worth $68,212,000 after buying an additional 18,577 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.
Cabela’s (NYSE:CAB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by $0.03. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. The firm had revenue of $929.90 million for the quarter, compared to analyst estimates of $905.42 million. During the same quarter last year, the firm earned $0.56 EPS. The company’s revenue was up 11.2% on a year-over-year basis.
CAB has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Feltl & Co. cut Cabela’s from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $77.00 target price on shares of Cabela’s in a research note on Wednesday, October 5th. MKM Partners reiterated a “buy” rating and issued a $56.00 target price on shares of Cabela’s in a research note on Wednesday, June 29th. Finally, Vetr upgraded Cabela’s from a “hold” rating to a “buy” rating and set a $51.80 target price on the stock in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $54.38.
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.