Smith Salley & Associates cut its stake in shares of Cabela’s Inc. (NYSE:CAB) by 25.2% during the second quarter, Holdings Channel reports. The fund owned 5,636 shares of the company’s stock after selling 1,901 shares during the period. Smith Salley & Associates’ holdings in Cabela’s were worth $282,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CAB. LS Investment Advisors LLC raised its position 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. Concert Wealth Management Inc. raised its position in shares of Cabela’s by 0.3% in the second quarter. Concert Wealth Management Inc. now owns 4,264 shares of the company’s stock valued at $214,000 after buying an additional 12 shares in the last quarter. Seven Eight Capital LLC bought a new position in shares of Cabela’s during the first quarter valued at $222,000. Parametrica Management Ltd bought a new position in shares of Cabela’s during the second quarter valued at $235,000. Finally, IBM Retirement Fund raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 68.38% of the company’s stock.
Cabela’s Inc. (NYSE:CAB) traded up 0.52% on Monday, hitting $62.22. 274,333 shares of the stock were exchanged. The company has a 50-day moving average of $53.63 and a 200-day moving average of $51.28. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 23.59 and a beta of 0.96. Cabela’s Inc. has a 12 month low of $33.03 and a 12 month high of $63.60.
Cabela’s (NYSE:CAB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $0.56 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Cabela’s Inc. will post $3.17 EPS for the current year.
CAB has been the topic of several research reports. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Vetr upgraded shares of Cabela’s from a “sell” rating to a “hold” rating and set a $60.73 price objective on the stock in a report on Monday, October 10th. Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $77.00 price objective on shares of Cabela’s in a report on Wednesday, October 5th. Finally, MKM Partners reiterated a “buy” rating and set a $56.00 price objective on shares of Cabela’s in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. Cabela’s currently has a consensus rating of “Hold” and an average 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.
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