Dimensional Fund Advisors LP decreased its position in Cabela’s Inc (NYSE:CAB) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,374,523 shares of the company’s stock after selling 6,578 shares during the period. Dimensional Fund Advisors LP owned about 1.99% of Cabela’s worth $81,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Sand Grove Capital Management LLP grew its holdings in Cabela’s by 334.0% in the second quarter. Sand Grove Capital Management LLP now owns 1,332,219 shares of the company’s stock valued at $79,427,000 after purchasing an additional 1,025,242 shares during the last quarter. Glazer Capital LLC grew its holdings in Cabela’s by 317.5% in the second quarter. Glazer Capital LLC now owns 52,600 shares of the company’s stock valued at $3,125,000 after purchasing an additional 40,000 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Cabela’s by 7.4% in the second quarter. Parametric Portfolio Associates LLC now owns 63,974 shares of the company’s stock valued at $3,801,000 after purchasing an additional 4,386 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in Cabela’s by 2,343.9% in the second quarter. WealthPLAN Partners LLC now owns 35,265 shares of the company’s stock valued at $2,095,000 after purchasing an additional 33,822 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in Cabela’s by 35,994.4% in the second quarter. Advisor Group Inc. now owns 6,497 shares of the company’s stock valued at $386,000 after purchasing an additional 6,479 shares during the last quarter. 56.87% of the stock is currently owned by institutional investors.

WARNING: This piece was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/08/dimensional-fund-advisors-lp-lowers-holdings-in-cabelas-inc-cab.html.

Shares of Cabela’s Inc (NYSE CAB) opened at 61.49 on Friday. Cabela’s Inc has a 12 month low of $45.00 and a 12 month high of $63.60. The stock has a market capitalization of $4.24 billion, a P/E ratio of 31.89 and a beta of 0.14. The stock has a 50 day moving average price of $55.62 and a 200 day moving average price of $54.79.

Cabela’s (NYSE:CAB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The firm had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Cabela’s Inc will post $2.60 EPS for the current fiscal year.

Several research firms have weighed in on CAB. Zacks Investment Research raised Cabela’s from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $61.50 target price (up previously from $59.00) on shares of Cabela’s in a report on Friday, September 8th. Northcoast Research lowered Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Forward View reissued a “buy” rating and issued a $61.50 target price on shares of Cabela’s in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Cabela’s currently has a consensus rating of “Hold” and an average price target of $61.13.

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.

Institutional Ownership by Quarter for Cabela`s (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.