Concert Wealth Management Inc. increased its position in shares of Cabela’s Inc. (NYSE:CAB) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,264 shares of the company’s stock after buying an additional 12 shares during the period. Concert Wealth Management Inc.’s holdings in Cabela’s were worth $214,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. 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. Seven Eight Capital LLC acquired a new position in Cabela’s during the first quarter valued at $222,000. Parametrica Management Ltd acquired a new position in Cabela’s during the second quarter valued at $235,000. IBM Retirement Fund raised its position in 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 during the last quarter. Finally, SignalPoint Asset Management LLC raised its position in Cabela’s by 0.8% in the second quarter. SignalPoint Asset Management LLC now owns 5,960 shares of the company’s stock valued at $298,000 after buying an additional 50 shares during the last quarter. Institutional investors own 68.38% of the company’s stock.
Shares of Cabela’s Inc. (NYSE:CAB) traded down 0.06% during midday trading on Monday, hitting $61.86. 899,109 shares of the company were exchanged. The stock has a market cap of $4.24 billion, a PE ratio of 23.46 and a beta of 0.96. Cabela’s Inc. has a one year low of $33.03 and a one year high of $63.60. The stock’s 50-day moving average is $53.63 and its 200-day moving average is $51.28.
Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The firm had revenue of $929.90 million for the quarter, compared to the consensus estimate of $905.42 million. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. Cabela’s’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Equities research analysts anticipate that Cabela’s Inc. will post $3.17 EPS for the current year.
Several research firms recently weighed in on CAB. MKM Partners restated a “buy” rating and set a $56.00 target price on shares of Cabela’s in a report on Tuesday, July 26th. Vetr upgraded shares of Cabela’s from a “sell” rating to a “hold” rating and set a $60.73 target price on the stock in a report on Monday, October 10th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $77.00 target price on shares of Cabela’s in a report on Wednesday, October 5th. Barclays PLC lowered shares of Cabela’s from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $64.00 in a report on Tuesday, October 4th. Finally, Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Eighteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.38.
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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