State Board of Administration of Florida Retirement System continued to hold its stake in Cabela’s Inc (NYSE:CAB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,543 shares of the company’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.10% of Cabela’s worth $4,132,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CAB. BlackRock Inc. boosted its stake in Cabela’s by 15,917.0% during the first quarter. BlackRock Inc. now owns 3,970,133 shares of the company’s stock worth $210,854,000 after buying an additional 3,945,346 shares during the period. OZ Management LP purchased a new position in Cabela’s during the first quarter worth about $116,952,000. Milestone Group Inc. purchased a new position in Cabela’s during the first quarter worth about $34,640,000. Driehaus Capital Management LLC purchased a new position in Cabela’s during the first quarter worth about $28,261,000. Finally, Renaissance Technologies LLC boosted its stake in Cabela’s by 277.3% during the first quarter. Renaissance Technologies LLC now owns 524,500 shares of the company’s stock worth $27,856,000 after buying an additional 385,500 shares during the period. 56.43% of the stock is owned by institutional investors.
Several brokerages have weighed in on CAB. Zacks Investment Research raised shares of Cabela’s from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus set a $59.00 target price on shares of Cabela’s and gave the stock a “hold” rating in a research note on Saturday, July 1st. Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. DA Davidson reaffirmed a “neutral” rating and set a $61.50 target price on shares of Cabela’s in a research note on Saturday, June 3rd. Finally, Forward View reaffirmed a “buy” rating and set a $61.50 target price on shares of Cabela’s in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Cabela’s presently has an average rating of “Hold” and a consensus target price of $64.50.
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Cabela’s Inc (CAB) opened at 61.47 on Friday. Cabela’s Inc has a 1-year low of $45.00 and a 1-year high of $63.60. The stock has a 50 day moving average of $55.62 and a 200 day moving average of $54.79. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 31.88 and a beta of 0.14.
Cabela’s (NYSE:CAB) last issued its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The firm had revenue of $890.40 million for the quarter, compared to analysts’ expectations of $906.06 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts expect that Cabela’s Inc will post $2.58 earnings per share for the current year.
Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.
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