Texas Permanent School Fund raised its stake in Cabela’s Inc (NYSE:CAB) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 37,735 shares of the company’s stock after buying an additional 529 shares during the period. Texas Permanent School Fund’s holdings in Cabela’s were worth $2,242,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Treasurer State of Michigan raised its stake 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 worth $1,110,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Cabela’s by 5.4% in the first quarter. Great West Life Assurance Co. Can now owns 30,036 shares of the company’s stock worth $1,594,000 after buying an additional 1,551 shares in the last quarter. Wells Fargo & Company MN raised its stake in Cabela’s by 9.3% in the first quarter. Wells Fargo & Company MN now owns 164,710 shares of the company’s stock worth $8,748,000 after buying an additional 14,002 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake 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 worth $958,000 after buying an additional 200 shares in the last quarter. Finally, ARP Americas LLC raised its stake in Cabela’s by 41.8% in the first quarter. ARP Americas LLC now owns 154,362 shares of the company’s stock worth $8,198,000 after buying an additional 45,494 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

Shares of Cabela’s Inc (CAB) opened at 53.84 on Friday. The stock has a 50 day moving average of $57.76 and a 200-day moving average of $53.75. Cabela’s Inc has a 52 week low of $45.00 and a 52 week high of $63.60. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 27.93 and a beta of 0.14.

Cabela’s (NYSE:CAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The firm had revenue of $890.40 million for the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. On average, analysts anticipate that Cabela’s Inc will post $2.65 EPS for the current year.

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CAB has been the subject of a number of analyst reports. BidaskClub lowered shares of Cabela’s from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. DA Davidson restated a “neutral” rating and set a $61.50 price objective on shares of Cabela’s in a research note on Saturday, June 3rd. Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Finally, Forward View restated a “buy” rating and set a $61.50 price objective on shares of Cabela’s in a research note on Tuesday. 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $64.14.

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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