Stifel Financial Corp Has $3.43 Million Position in Cabelas Inc (CAB)
Stifel Financial Corp boosted its holdings in Cabelas Inc (NYSE:CAB) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,354 shares of the company’s stock after buying an additional 2,633 shares during the period. Stifel Financial Corp owned approximately 0.08% of Cabelas worth $3,427,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in Cabelas by 72.2% in the second quarter. BNP Paribas Arbitrage SA now owns 19,584 shares of the company’s stock valued at $1,164,000 after buying an additional 8,211 shares during the period. Sullivan Bruyette Speros & Blaney LLC acquired a new position in Cabelas in the second quarter valued at approximately $297,000. Wellington Management Group LLP lifted its holdings in Cabelas by 143.1% in the first quarter. Wellington Management Group LLP now owns 108,068 shares of the company’s stock valued at $5,740,000 after buying an additional 63,617 shares during the period. BlackRock Inc. lifted its holdings in Cabelas by 15,917.0% in the first quarter. BlackRock Inc. now owns 3,970,133 shares of the company’s stock valued at $210,854,000 after buying an additional 3,945,346 shares during the period. Finally, FMR LLC lifted its holdings in Cabelas by 457.2% in the first quarter. FMR LLC now owns 313,244 shares of the company’s stock valued at $16,636,000 after buying an additional 257,029 shares during the period. Institutional investors and hedge funds own 56.87% of the company’s stock.
Shares of Cabelas Inc (CAB) opened at 61.49 on Thursday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 31.89 and a beta of 0.14. Cabelas Inc has a 12-month low of $45.00 and a 12-month high of $63.60. The firm has a 50-day moving average of $55.62 and a 200 day moving average of $54.79.
Cabelas (NYSE:CAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). Cabelas had a net margin of 3.18% and a return on equity of 5.53%. The firm had revenue of $890.40 million during the quarter, compared to the consensus estimate of $906.06 million. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts expect that Cabelas Inc will post $2.60 earnings per share for the current year.
Several equities analysts recently weighed in on CAB shares. Forward View restated a “buy” rating and issued a $61.50 price objective on shares of Cabelas in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Cabelas from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $61.50 target price (up from $59.00) on shares of Cabelas in a report on Friday, September 8th. BidaskClub upgraded shares of Cabelas from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Northcoast Research lowered shares of Cabelas from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $61.13.
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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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