Principal Financial Group Inc. Has $9,189,000 Position in Cabela’s Inc. (CAB)
Principal Financial Group Inc. increased its stake in shares of Cabela’s Inc. (NYSE:CAB) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,554 shares of the company’s stock after buying an additional 22,012 shares during the period. Principal Financial Group Inc. owned 0.27% of Cabela’s worth $9,189,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CAB. Elliott Management Corp raised its stake in Cabela’s by 45.2% in the first quarter. Elliott Management Corp now owns 6,046,496 shares of the company’s stock valued at $294,404,000 after buying an additional 1,881,496 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Cabela’s during the second quarter valued at about $8,102,000. WCM Investment Management CA bought a new stake in Cabela’s during the second quarter valued at about $6,188,000. Feltz Wealth PLAN Inc. bought a new stake in Cabela’s during the second quarter valued at about $2,888,000. Finally, First Trust Advisors LP raised its stake in Cabela’s by 24.5% in the second quarter. First Trust Advisors LP now owns 315,770 shares of the company’s stock valued at $15,807,000 after buying an additional 62,071 shares during the last quarter. 68.38% of the stock is owned by institutional investors and hedge funds.
Shares of Cabela’s Inc. (NYSE:CAB) opened at 61.86 on Tuesday. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 23.46 and a beta of 0.96. Cabela’s Inc. has a 1-year low of $33.03 and a 1-year high of $63.60. The firm’s 50-day moving average price is $53.98 and its 200 day moving average price is $51.42.
Cabela’s (NYSE:CAB) last announced its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the 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 analyst estimates of $905.42 million. During the same quarter last year, the company posted $0.56 EPS. Cabela’s’s quarterly revenue 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.
Several research firms have commented on CAB. Zacks Investment Research upgraded Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, July 19th. MKM Partners restated a “buy” rating and set a $56.00 price objective on shares of Cabela’s in a report on Wednesday, June 29th. Barclays PLC downgraded Cabela’s from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $50.00 to $64.00 in a report on Tuesday, October 4th. Credit Suisse Group AG restated a “hold” rating and set a $38.00 price objective on shares of Cabela’s in a report on Tuesday, July 26th. Finally, Feltl & Co. downgraded Cabela’s from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Eighteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $54.38.
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.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.