SignalPoint Asset Management LLC Boosts Stake in Cabela’s Inc. (CAB)
SignalPoint Asset Management LLC raised its position in Cabela’s Inc. (NYSE:CAB) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 5,960 shares of the company’s stock after buying an additional 50 shares during the period. SignalPoint Asset Management LLC’s holdings in Cabela’s were worth $298,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Carnick & Kubik LLC acquired a new position in shares of Cabela’s during the first quarter worth approximately $129,000. LS Investment Advisors LLC increased its position in shares of Cabela’s by 70.1% in the second quarter. LS Investment Advisors LLC now owns 2,997 shares of the company’s stock worth $150,000 after buying an additional 1,235 shares during the last quarter. Seven Eight Capital LLC acquired a new position in shares of Cabela’s during the first quarter worth about $222,000. Parametrica Management Ltd acquired a new position in shares of Cabela’s during the second quarter worth about $235,000. Finally, IBM Retirement Fund increased its position in shares of Cabela’s by 5.2% in the second quarter. IBM Retirement Fund now owns 5,056 shares of the company’s stock worth $253,000 after buying an additional 251 shares during the last quarter. 71.37% of the stock is owned by institutional investors.
Cabela’s Inc. (NYSE:CAB) traded up 0.03% on Wednesday, hitting $63.38. 8,442,933 shares of the company traded hands. Cabela’s Inc. has a 12 month low of $33.03 and a 12 month high of $63.60. The stock has a market cap of $4.34 billion, a PE ratio of 24.03 and a beta of 0.96. The stock’s 50-day moving average is $50.89 and its 200 day moving average is $50.48.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. The business had revenue of $929.90 million for the quarter, compared to analysts’ expectations of $905.42 million. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts expect that Cabela’s Inc. will post $3.17 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on CAB. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $77.00 price target on shares of Cabela’s in a research report on Wednesday. MKM Partners reaffirmed a “buy” rating and set a $56.00 price target on shares of Cabela’s in a research report on Tuesday, July 26th. Zacks Investment Research downgraded Cabela’s from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. DA Davidson reaffirmed a “neutral” rating and set a $65.50 price target on shares of Cabela’s in a research report on Tuesday. Finally, Barclays PLC downgraded Cabela’s from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $50.00 to $64.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Cabela’s presently has an average rating of “Hold” and a consensus target price of $53.57.
Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela’s brand. The Company’s segments include Retail, Direct, Financial Services, and Corporate Overhead and Other.
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