Nisa Investment Advisors LLC Holds Stake in Cabela’s Inc (NYSE:CAB)
Nisa Investment Advisors LLC maintained its position in Cabela’s Inc (NYSE:CAB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,800 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Cabela’s were worth $701,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in Cabela’s by 21.5% in the second quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock worth $249,000 after buying an additional 742 shares in the last quarter. Capstone Asset Management Co. increased 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 buying an additional 180 shares in the last quarter. Tiedemann Wealth Management LLC increased its position in Cabela’s by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after buying an additional 200 shares in the last quarter. Karp Capital Management Corp purchased a new position in Cabela’s during the first quarter worth approximately $234,000. Finally, Infrastructure Capital Advisors LLC purchased a new position in Cabela’s during the first quarter worth approximately $238,000. Hedge funds and other institutional investors own 57.82% of the company’s stock.
Shares of Cabela’s Inc (NYSE:CAB) traded up 1.10% during midday trading on Tuesday, hitting $54.30. 212,406 shares of the stock traded hands. The firm’s 50 day moving average price is $58.38 and its 200 day moving average price is $53.85. Cabela’s Inc has a 12-month low of $45.00 and a 12-month high of $63.60. The company has a market capitalization of $3.74 billion, a PE ratio of 26.13 and a beta of 0.14.
Cabela’s (NYSE:CAB) last posted its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Analysts expect that Cabela’s Inc will post $2.65 EPS for the current year.
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A number of research firms recently commented on CAB. Forward View restated a “buy” rating and issued a $61.50 price objective on shares of Cabela’s in a report on Tuesday. BidaskClub downgraded Cabela’s from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus set a $59.00 price target on Cabela’s and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, DA Davidson reiterated a “neutral” rating and set a $61.50 price target on shares of Cabela’s in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.14.
Cabela’s Company Profile
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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