Parthenon Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Parthenon reduced its stake in Cabelas Inc by 1.05% during the most recent quarter end. The investment management company now holds a total of 49,670 shares of Cabelas Inc which is valued at $2,673,736 after selling 525 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Cabelas Inc makes up approximately 0.66% of Parthenon’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in CAB in the latest quarter, The investment management firm added 437 additional shares and now holds a total of 62,526 shares of Cabelas Inc which is valued at $3,365,775. Cabelas Inc makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Pitcairn Co reduced its stake in CAB by selling 25 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 4,433 shares of CAB which is valued at $238,628. Cabelas Inc makes up approx 0.03% of Pitcairn Co’s portfolio.Cutler Group Lp boosted its stake in CAB in the latest quarter, The investment management firm added 7,188 additional shares and now holds a total of 10,267 shares of Cabelas Inc which is valued at $540,558. Cabelas Inc makes up approx 0.04% of Cutler Group Lp’s portfolio.Fisher Asset Management reduced its stake in CAB by selling 61,658 shares or 5.76% in the most recent quarter. The Hedge Fund company now holds 1,009,248 shares of CAB which is valued at $53,136,907. Cabelas Inc makes up approx 0.10% of Fisher Asset Management’s portfolio.

Cabelas Inc opened for trading at $51.46 and hit $51.83 on the upside on Friday, eventually ending the session at $51.63, with a gain of 0.27% or 0.14 points. The heightened volatility saw the trading volume jump to 7,37,713 shares. Company has a market cap of $3,525 M.

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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