Cabela’s Inc (NYSE:CAB) Position Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in shares of Cabela’s Inc (NYSE:CAB) by 16.6% during the first quarter, Holdings Channel reports. The fund owned 5,840 shares of the company’s stock after selling 1,160 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cabela’s were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tiedemann Wealth Management LLC increased its position in shares of 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 during the last quarter. Karp Capital Management Corp bought a new position in shares of Cabela’s during the first quarter worth $234,000. Infrastructure Capital Advisors LLC bought a new position in shares of Cabela’s during the first quarter worth $238,000. FNY Partners Fund LP increased its position in shares of Cabela’s by 79.6% in the first quarter. FNY Partners Fund LP now owns 5,190 shares of the company’s stock worth $275,000 after buying an additional 2,300 shares during the last quarter. Finally, Investment Centers of America Inc. increased its position in shares of Cabela’s by 0.8% in the first quarter. Investment Centers of America Inc. now owns 5,237 shares of the company’s stock worth $278,000 after buying an additional 40 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cabela’s Inc (CAB) traded up 1.238% on Tuesday, reaching $54.375. The company’s stock had a trading volume of 138,550 shares. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 26.167 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. The company’s 50 day moving average is $58.38 and its 200-day moving average is $53.85.

Cabela’s (NYSE:CAB) last announced its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. The firm had revenue of $890.40 million for the quarter, compared to the consensus estimate of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. Cabela’s’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts expect that Cabela’s Inc will post $2.65 EPS for the current year.

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A number of research analysts recently weighed in on the company. BidaskClub downgraded Cabela’s from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a research note on Friday. Stifel Nicolaus set a $59.00 price objective on Cabela’s and gave the company a “hold” rating in a research note on Saturday, July 1st. DA Davidson reissued a “neutral” rating and issued a $61.50 price objective on shares of Cabela’s in a research note on Saturday, June 3rd. Finally, Vetr downgraded Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 price objective on the stock. in a research note on Monday, April 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $63.93.

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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