Janus Capital Management LLC cut its stake in shares of Cabela’s Inc (NYSE:CAB) by 82.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,330 shares of the company’s stock after selling 43,889 shares during the period. Janus Capital Management LLC’s holdings in Cabela’s were worth $496,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CAB. Investment Centers of America Inc. raised its position in Cabela’s by 0.8% in 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 in the last quarter. Liberty Mutual Group Asset Management Inc. raised 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 valued at $1,229,000 after buying an additional 114 shares in the last quarter. Advantus Capital Management Inc raised its position in Cabela’s by 3.1% in the first quarter. Advantus Capital Management Inc now owns 6,579 shares of the company’s stock valued at $349,000 after buying an additional 196 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Cabela’s by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,041 shares of the company’s stock valued at $958,000 after buying an additional 200 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in Cabela’s by 1.0% in the first quarter. State Treasurer State of Michigan now owns 20,900 shares of the company’s stock valued at $1,110,000 after buying an additional 200 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cabela’s Inc (NYSE:CAB) opened at 58.27 on Monday. The company’s 50 day moving average is $57.72 and its 200 day moving average is $53.89. Cabela’s Inc has a one year low of $45.00 and a one year high of $63.60. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 28.04 and a beta of 0.15.

Cabela’s (NYSE:CAB) last announced its earnings results on Thursday, May 4th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $834.90 million for the quarter, compared to the consensus estimate of $848.09 million. Cabela’s had a net margin of 3.49% and a return on equity of 8.97%. Cabela’s’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. Equities research analysts predict that Cabela’s Inc will post $2.77 earnings per share for the current year.

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Several equities analysts have commented on the stock. Stifel Nicolaus set a $59.00 target price on shares of Cabela’s and gave the company a “hold” rating in a report on Saturday, July 1st. Vetr lowered shares of Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 target price on the stock. in a report on Monday, April 17th. Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. DA Davidson reissued a “neutral” rating and issued a $61.50 target price on shares of Cabela’s in a report on Saturday, June 3rd. Finally, Zacks Investment Research raised shares of Cabela’s from a “sell” rating to a “hold” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $60.17.

About Cabela’s

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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Institutional Ownership by Quarter for Cabela`s (NYSE:CAB)

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