Meridian Investment Counsel Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Meridian Investment Counsel reduced its stake in Cabelas Inc by 1.76% during the most recent quarter end. The investment management company now holds a total of 55,710 shares of Cabelas Inc which is valued at $2,886,335 after selling 1,000 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Cabelas Inc makes up approximately 1.90% of Meridian Investment Counsel’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in CAB in the latest quarter, The investment management firm added 97,407 additional shares and now holds a total of 1,677,030 shares of Cabelas Inc which is valued at $86,886,924. Cabelas Inc makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Utah Retirement Systems boosted its stake in CAB in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 9,100 shares of Cabelas Inc which is valued at $463,645. Cabelas Inc makes up approx 0.01% of Utah Retirement Systems’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CAB in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 16,679 shares of Cabelas Inc which is valued at $849,795. Cabelas Inc makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Rothschild Investment Corp Il boosted its stake in CAB in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 21,510 shares of Cabelas Inc which is valued at $1,160,465. Cabelas Inc makes up approx 0.14% of Rothschild Investment Corp Il’s portfolio.

Cabelas Inc closed down -0.04 points or -0.08% at $50.39 with 4,51,180 shares getting traded on Friday. Post opening the session at $50.24, the shares hit an intraday low of $50.1834 and an intraday high of $50.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Cabelas Inc reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.62. The company had revenue of $929.90 million for the quarter, compared to analysts expectations of $905.15 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting fishing camping and related outdoor merchandise. The Company operates under the following segments: Retail Direct Financial Services and Corporate Overhead and Other. The Retail Business segment enables customers to access and use its retail stores Web and social media channels and catalogs. The Direct Business segment sells products through its e-commerce Websites and direct mail catalogs. The Financial Services Business segment provides customers with a rewards program. The Company’s products include merchandise and equipment for hunting fishing marine use and camping along with casual and outdoor apparel and footwear optics wildlife and land management products and services vehicle accessories and gifts and home furnishings among others.

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