Alliancebernstein L.P. cut its position in shares of Cabelas Inc (NYSE:CAB) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,366 shares of the companys stock after selling 1,230 shares during the period. Alliancebernstein L.P.s holdings in Cabelas were worth $1,772,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Tiedemann Wealth Management LLC increased its stake in Cabelas by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the companys stock valued at $232,000 after buying an additional 200 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Cabelas during the first quarter valued at $234,000. Infrastructure Capital Advisors LLC purchased a new stake in Cabelas during the first quarter valued at $238,000. First Citizens Bank & Trust Co. purchased a new stake in Cabelas during the first quarter valued at $279,000. Finally, Ursa Fund Management LLC purchased a new stake in Cabelas during the fourth quarter valued at $293,000. 55.56% of the stock is owned by hedge funds and other institutional investors.
Cabelas Inc (NYSE CAB) traded up 0.09% during midday trading on Wednesday, hitting $52.80. The stock had a trading volume of 1,692,287 shares. The firm has a market cap of $3.64 billion, a PE ratio of 27.39 and a beta of 0.14. The stock has a 50-day moving average price of $57.42 and a 200 day moving average price of $53.63. Cabelas Inc has a one year low of $45.00 and a one year high of $63.60.
Cabelas (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 the Zacks consensus estimate of $0.57 by $0.04. Cabelas 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 analyst estimates of $906.06 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The companys revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts predict that Cabelas Inc will post $2.58 earnings per share for the current year.
CAB has been the subject of several research analyst reports. Zacks Investment Research raised Cabelas from a sell rating to a hold rating in a report on Monday, May 8th. BidaskClub downgraded Cabelas from a sell rating to a strong sell rating in a report on Monday, July 31st. Stifel Nicolaus set a $59.00 price objective on Cabelas and gave the company a hold rating in a report on Saturday, July 1st. Forward View reissued a buy rating and issued a $61.50 price objective on shares of Cabelas in a report on Tuesday, August 8th. Finally, Northcoast Research downgraded Cabelas from a buy rating to a neutral rating in a report on Wednesday, July 5th. 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. The stock presently has a consensus rating of Hold and a consensus price target of $64.14.
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