13d Management Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : 13d Management reduced its stake in Cabelas Inc by 12.82% during the most recent quarter end. The investment management company now holds a total of 222,851 shares of Cabelas Inc which is valued at $13,515,913 after selling 32,785 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cabelas Inc makes up approximately 5.62% of 13d Management’s portfolio.

Other Hedge Funds, Including , London Co Of Virginia reduced its stake in CAB by selling 1,116,499 shares or 33.68% in the most recent quarter. The Hedge Fund company now holds 2,198,316 shares of CAB which is valued at $133,327,865. Cabelas Inc makes up approx 0.98% of London Co Of Virginia’s portfolio.Pacer Advisors boosted its stake in CAB in the latest quarter, The investment management firm added 905 additional shares and now holds a total of 5,361 shares of Cabelas Inc which is valued at $329,273. Cabelas Inc makes up approx 0.05% of Pacer Advisors’s portfolio.First Trust Advisors Lp reduced its stake in CAB by selling 2,667 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 313,103 shares of CAB which is valued at $19,146,248. Cabelas Inc makes up approx 0.06% of First Trust Advisors Lp’s portfolio.Louisiana State Employees Retirement System boosted its stake in CAB in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 13,300 shares of Cabelas Inc which is valued at $832,979. Cabelas Inc makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Smith Graham Investment Advisors Lp boosted its stake in CAB in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 91,121 shares of Cabelas Inc which is valued at $5,640,390. Cabelas Inc makes up approx 0.73% of Smith Graham Investment Advisors Lp’s portfolio.

Cabelas Inc opened for trading at $61.05 and hit $61.78 on the upside on Monday, eventually ending the session at $61.63, with a gain of 0.82% or 0.5 points. The heightened volatility saw the trading volume jump to 5,07,007 shares. Company has a market cap of $4,220 M.

On the company’s financial health, Cabelas Inc reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.81. The company had revenue of $996.50 million for the quarter, compared to analysts expectations of $1016.08 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Cabelas Inc. Company shares were Downgraded by Barclays on Oct 4, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 64 from a previous price target of $50 .

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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