Cabelas Inc (CAB) Stake Reduced by Rothschild Investment Corp IL
Rothschild Investment Corp IL reduced its position in Cabelas Inc (NYSE:CAB) by 11.9% during the first quarter, Holdings Channel reports. The firm owned 18,510 shares of the company’s stock after selling 2,500 shares during the period. Rothschild Investment Corp IL’s holdings in Cabelas were worth $983,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Physicians Financial Services Inc. raised its stake in Cabelas by 4.8% in the third quarter. Physicians Financial Services Inc. now owns 2,200 shares of the company’s stock worth $120,000 after buying an additional 100 shares during the period. LS Investment Advisors LLC raised its position in shares of Cabelas by 11.4% in the third quarter. LS Investment Advisors LLC now owns 3,338 shares of the company’s stock worth $183,000 after buying an additional 341 shares during the period. Gideon Capital Advisors Inc. bought a new position in shares of Cabelas during the fourth quarter worth approximately $235,000. Cornerstone Wealth Management LLC bought a new position in shares of Cabelas during the third quarter worth approximately $286,000. Finally, Shelton Capital Management bought a new position in shares of Cabelas during the fourth quarter worth approximately $287,000. 72.34% of the stock is currently owned by institutional investors.
Shares of Cabelas Inc (NYSE:CAB) traded down 0.30% during midday trading on Friday, reaching $56.88. 297,821 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $49.95 and its 200 day moving average price is $56.46. Cabelas Inc has a 1-year low of $45.00 and a 1-year high of $63.60. The stock has a market capitalization of $3.90 billion, a P/E ratio of 26.70 and a beta of 0.66.
Cabelas (NYSE:CAB) last issued its quarterly earnings results on Thursday, February 16th. The company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.44 billion. Cabelas had a return on equity of 10.23% and a net margin of 3.99%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. On average, equities analysts predict that Cabelas Inc will post $2.78 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on CAB shares. Vetr lowered shares of Cabelas from a “strong-buy” rating to a “buy” rating and set a $60.00 target price on the stock. in a research report on Monday. Northcoast Research reaffirmed a “buy” rating on shares of Cabelas in a research report on Thursday, March 2nd. Zacks Investment Research raised shares of Cabelas from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Thursday, January 5th. Forward View set a $60.00 target price on shares of Cabelas and gave the stock a “buy” rating in a research report on Sunday, February 19th. Finally, Stifel Nicolaus reduced their target price on shares of Cabelas from $65.50 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average 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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