Feltz Wealth Plan Lowers stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Feltz Wealth Plan reduced its stake in Cabelas Inc by 35.71% during the most recent quarter end. The investment management company now holds a total of 117,684 shares of Cabelas Inc which is valued at $6,077,202 after selling 65,374 shares in Cabelas Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Cabelas Inc makes up approximately 0.33% of Feltz Wealth Plan’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in CAB in the latest quarter, The investment management firm added 1,680 additional shares and now holds a total of 14,605 shares of Cabelas Inc which is valued at $754,202. Cabelas Inc makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.Stephens Inc Ar boosted its stake in CAB in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 7,811 shares of Cabelas Inc which is valued at $402,267. Cabelas Inc makes up approx 0.02% of Stephens Inc Ar’s portfolio. Airain Ltd added CAB to its portfolio by purchasing 32,188 company shares during the most recent quarter which is valued at $1,657,682. Cabelas Inc makes up approx 0.09% of Airain Ltd’s portfolio.

Cabelas Inc closed down -0.38 points or -0.73% at $51.43 with 4,47,234 shares getting traded on Monday. Post opening the session at $51.89, the shares hit an intraday low of $51.43 and an intraday high of $52.1 and the price fluctuated in this range throughout the day.Shares ended Monday 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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