Glazer Capital LLC Raises Holdings in Cabela’s Inc (CAB)
Glazer Capital LLC raised its position in Cabela’s Inc (NYSE:CAB) by 317.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,600 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Glazer Capital LLC owned 0.08% of Cabela’s worth $3,125,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in Cabela’s by 7.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 63,974 shares of the company’s stock valued at $3,801,000 after buying an additional 4,386 shares in the last quarter. WealthPLAN Partners LLC grew its holdings in Cabela’s by 2,343.9% in the 2nd quarter. WealthPLAN Partners LLC now owns 35,265 shares of the company’s stock valued at $2,095,000 after buying an additional 33,822 shares in the last quarter. Advisor Group Inc. grew its holdings in Cabela’s by 35,994.4% in the 2nd quarter. Advisor Group Inc. now owns 6,497 shares of the company’s stock valued at $386,000 after buying an additional 6,479 shares in the last quarter. California Public Employees Retirement System grew its holdings in Cabela’s by 1.0% in the 2nd quarter. California Public Employees Retirement System now owns 125,900 shares of the company’s stock valued at $7,481,000 after buying an additional 1,200 shares in the last quarter. Finally, FMR LLC grew its holdings in Cabela’s by 78.2% in the 2nd quarter. FMR LLC now owns 558,258 shares of the company’s stock valued at $33,172,000 after buying an additional 245,014 shares in the last quarter. 56.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on CAB shares. DA Davidson reaffirmed a “neutral” rating and issued a $61.50 price objective on shares of Cabela’s in a report on Saturday, June 3rd. BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Stifel Nicolaus set a $59.00 price objective on Cabela’s and gave the company a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research lowered Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Northcoast Research lowered Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Cabela’s presently has an average rating of “Hold” and a consensus target price of $64.50.
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Cabela’s Inc (NYSE CAB) remained flat at $61.47 during mid-day trading on Friday. The company’s stock had a trading volume of 2,331,706 shares. The firm’s 50 day moving average price is $55.62 and its 200 day moving average price is $54.79. The company has a market cap of $4.24 billion, a PE ratio of 31.88 and a beta of 0.14. Cabela’s Inc has a 1-year low of $45.00 and a 1-year high of $63.60.
Cabela’s (NYSE:CAB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The company had revenue of $890.40 million for the quarter, compared to the consensus estimate of $906.06 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that Cabela’s Inc will post $2.58 earnings per share for the current fiscal year.
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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