IHT Wealth Management LLC Continues to Hold Position in Cabela’s Inc (CAB)
IHT Wealth Management LLC maintained its stake in shares of Cabela’s Inc (NYSE:CAB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46 shares of the company’s stock at the end of the second quarter. IHT Wealth Management LLC’s holdings in Cabela’s were worth $269,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Investment Centers of America Inc. boosted its position in shares of Cabela’s by 0.8% during the first quarter. Investment Centers of America Inc. now owns 5,237 shares of the company’s stock valued at $278,000 after buying an additional 40 shares during the last quarter. Creative Planning boosted its position in Cabela’s by 0.8% in the second quarter. Creative Planning now owns 5,596 shares of the company’s stock worth $333,000 after purchasing an additional 47 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in Cabela’s by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 23,140 shares of the company’s stock worth $1,229,000 after purchasing an additional 114 shares during the last quarter. Stephens Inc. AR boosted its position in Cabela’s by 1.6% in the second quarter. Stephens Inc. AR now owns 8,639 shares of the company’s stock worth $513,000 after purchasing an additional 136 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in Cabela’s by 4.4% in the second quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock worth $256,000 after purchasing an additional 180 shares during the last quarter. 56.87% of the stock is currently owned by institutional investors.
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Several research firms have weighed in on CAB. Stifel Nicolaus set a $59.00 price objective on Cabela’s and gave the stock a “hold” rating in a research report on Saturday, July 1st. Northcoast Research cut Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Forward View reissued a “buy” rating and issued a $61.50 price objective on shares of Cabela’s in a research report on Tuesday, August 8th. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Cabela’s currently has a consensus rating of “Hold” and a consensus price target of $61.13.
Cabela’s Inc (NYSE CAB) traded up 0.03% on Wednesday, reaching $61.49. The company’s stock had a trading volume of 853,853 shares. Cabela’s Inc has a 12-month low of $45.00 and a 12-month high of $63.60. The stock has a market cap of $4.24 billion, a PE ratio of 31.89 and a beta of 0.14. The company’s 50 day moving average price is $55.62 and its 200-day moving average price is $54.79.
Cabela’s (NYSE:CAB) last released its quarterly 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). The firm had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share. On average, equities analysts expect that Cabela’s Inc will post $2.60 EPS 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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