Pacific Grove Capital Lp buys $6,822,652 stake in Cabelas Inc (CAB)

Cabelas Inc (CAB) : Pacific Grove Capital Lp scooped up 21,461 additional shares in Cabelas Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 131,686 shares of Cabelas Inc which is valued at $6,822,652.Cabelas Inc makes up approximately 3.08% of Pacific Grove Capital Lp’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in CAB in the latest quarter, The investment management firm added 5,390 additional shares and now holds a total of 21,440 shares of Cabelas Inc which is valued at $1,110,806. Cabelas Inc makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Netols Asset Management reduced its stake in CAB by selling 6,329 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 161,053 shares of CAB which is valued at $8,344,156. Cabelas Inc makes up approx 1.83% of Netols Asset Management’s portfolio. Hightower Advisors sold out all of its stake in CAB during the most recent quarter. The investment firm sold 23,030 shares of CAB which is valued $1,193,184.Public Employees Retirement Association Of Colorado reduced its stake in CAB by selling 971 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 112,188 shares of CAB which is valued at $5,792,266. Cabelas Inc makes up approx 0.05% of Public Employees Retirement Association Of Colorado’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 opened for trading at $49.04 and hit $49.27 on the upside on Thursday, eventually ending the session at $49.23, with a gain of 0.49% or 0.24 points. The heightened volatility saw the trading volume jump to 3,56,660 shares. Company has a market cap of $3,371 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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