Trade Report: Today: 250 Shares of Cabela’s Inc. (CAB) are sold by Perkins Capital Management Inc.

Today: 250 Shares of Cabela’s Inc. (CAB) are sold by Perkins Capital Management Inc.

Perkins Capital Management Inc. lowered its stake in Cabela’s Inc. (NYSE:CAB) by 1.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 21,250 shares of the company’s stock after selling 250 shares during the period. Cabela’s accounts for approximately 1.2% of Perkins Capital Management Inc.’s portfolio, making the stock its 28th largest position. Perkins Capital Management Inc.’s holdings in Cabela’s were worth $1,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. QCI Asset Management Inc. NY boosted its position in shares of Cabela’s by 107.6% in the third quarter. QCI Asset Management Inc. NY now owns 16,975 shares of the company’s stock valued at $932,000 after buying an additional 8,800 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Cabela’s by 1.3% in the third quarter. UBS Asset Management Americas Inc. now owns 41,272 shares of the company’s stock valued at $2,267,000 after buying an additional 510 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Cabela’s by 5.8% in the third quarter. Retirement Systems of Alabama now owns 66,171 shares of the company’s stock valued at $3,635,000 after buying an additional 3,645 shares in the last quarter. KBC Group NV boosted its position in shares of Cabela’s by 46.3% in the third quarter. KBC Group NV now owns 17,149 shares of the company’s stock valued at $942,000 after buying an additional 5,429 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Cabela’s by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 515,056 shares of the company’s stock valued at $28,292,000 after buying an additional 23,035 shares in the last quarter. 72.53% of the stock is currently owned by institutional investors.

Shares of Cabela’s Inc. (NYSE:CAB) traded up 0.03% during trading on Monday, hitting $62.52. 58,678 shares of the stock were exchanged. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 25.63 and a beta of 0.70. Cabela’s Inc. has a 52 week low of $38.90 and a 52 week high of $63.60. The stock’s 50 day moving average price is $61.72 and its 200 day moving average price is $53.64.

Cabela’s (NYSE:CAB) last posted its earnings results on Wednesday, October 26th. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.28. The firm had revenue of $996.50 million for the quarter, compared to the consensus estimate of $1.02 billion. Cabela’s had a return on equity of 10.23% and a net margin of 3.99%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. On average, equities analysts predict that Cabela’s Inc. will post $2.87 earnings per share for the current year.

CAB has been the topic of several analyst reports. Forward View reiterated a “buy” rating and set a $65.50 price target on shares of Cabela’s in a research report on Thursday, October 20th. Barclays PLC lowered shares of Cabela’s from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $50.00 to $64.00 in a research report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Cabela’s from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Finally, Vetr upgraded shares of Cabela’s from a “sell” rating to a “hold” rating and set a $60.73 price target on the stock in a research report on Monday, October 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Cabela’s has a consensus rating of “Hold” and a consensus price target of $55.86.

About Cabela’s

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela’s brand. The Company’s segments include Retail, Direct, Financial Services, and Corporate Overhead and Other.

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