Sigma Planning Corp Has $392,000 Stake in Cabela’s Inc (CAB)
Sigma Planning Corp increased its position in Cabela’s Inc (NYSE:CAB) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 6,595 shares of the company’s stock after buying an additional 350 shares during the period. Sigma Planning Corp’s holdings in Cabela’s were worth $392,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Cabela’s by 6.8% in the first quarter. Vanguard Group Inc. now owns 4,293,342 shares of the company’s stock worth $228,020,000 after buying an additional 274,986 shares during the period. BlackRock Inc. raised its position in shares of Cabela’s by 15,917.0% in the first quarter. BlackRock Inc. now owns 3,970,133 shares of the company’s stock valued at $210,854,000 after buying an additional 3,945,346 shares in the last quarter. OZ Management LP acquired a new position in shares of Cabela’s during the first quarter valued at about $116,952,000. State Street Corp raised its position in shares of Cabela’s by 3.7% in the first quarter. State Street Corp now owns 1,379,058 shares of the company’s stock valued at $73,246,000 after buying an additional 49,045 shares in the last quarter. Finally, Milestone Group Inc. acquired a new position in shares of Cabela’s during the first quarter valued at about $34,640,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.
Shares of Cabela’s Inc (CAB) opened at 52.75 on Wednesday. The stock has a 50 day moving average price of $57.42 and a 200-day moving average price of $53.63. The stock has a market cap of $3.64 billion, a P/E ratio of 27.36 and a beta of 0.14. Cabela’s Inc has a 52 week low of $45.00 and a 52 week high of $63.60.
Cabela’s (NYSE:CAB) last released its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts predict that Cabela’s Inc will post $2.58 EPS for the current fiscal year.
Several research analysts recently issued reports on the company. Northcoast Research lowered Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Stifel Nicolaus set a $59.00 target price on Cabela’s and gave the company a “hold” rating in a research report on Saturday, July 1st. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Forward View reaffirmed a “buy” rating and set a $61.50 target price on shares of Cabela’s in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.14.
Cabela’s Company Profile
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.
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 & Stock 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 stocks with our FREE daily email newsletter.