Canada Pension Plan Investment Board Has $462,000 Position in Cabelas Inc (CAB)
Canada Pension Plan Investment Board maintained its stake in shares of Cabelas Inc (NYSE:CAB) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,700 shares of the company’s stock at the end of the first quarter. Canada Pension Plan Investment Board’s holdings in Cabelas were worth $462,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. CNH Partners LLC acquired a new stake in shares of Cabelas during the fourth quarter valued at approximately $115,322,000. Westchester Capital Management LLC acquired a new stake in shares of Cabelas during the fourth quarter valued at approximately $105,028,000. Alpine Associates Management Inc. acquired a new stake in shares of Cabelas during the fourth quarter valued at approximately $68,679,000. HG Vora Capital Management LLC boosted its stake in shares of Cabelas by 157.4% in the third quarter. HG Vora Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $71,409,000 after buying an additional 795,000 shares during the last quarter. Finally, Allianz Asset Management AG acquired a new stake in shares of Cabelas during the fourth quarter valued at approximately $36,268,000. Institutional investors own 72.34% of the company’s stock.
Cabelas Inc (NYSE:CAB) opened at 53.16 on Monday. Cabelas Inc has a 12-month low of $45.00 and a 12-month high of $63.60. The company has a 50-day moving average price of $54.88 and a 200 day moving average price of $55.12. The company has a market cap of $3.66 billion, a PE ratio of 25.58 and a beta of 0.66.
Cabelas (NYSE:CAB) last issued its earnings results on Thursday, May 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Cabelas had a return on equity of 10.23% and a net margin of 3.99%. The business had revenue of $834.90 million during the quarter, compared to analysts’ expectations of $848.09 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts forecast that Cabelas Inc will post $2.77 EPS for the current fiscal year.
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Several analysts have recently commented on CAB shares. Stifel Nicolaus increased their target price on Cabelas from $51.00 to $59.00 and gave the stock a “hold” rating in a report on Tuesday, April 18th. Vetr cut Cabelas from a “strong-buy” rating to a “buy” rating and set a $60.00 target price on the stock. in a report on Monday, April 17th. Zacks Investment Research upgraded Cabelas from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Forward View set a $60.00 target price on Cabelas and gave the stock a “buy” rating in a report on Sunday, February 19th. Finally, Northcoast Research restated a “buy” rating on shares of Cabelas in a report on Thursday, March 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $60.61.
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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