Short Interest Change: What’s in Cabelas Incorporated (NYSE:CAB) After Decline in Shorted Shares?

November 28, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Change: What’s in Cabelas Incorporated (NYSE:CAB) After Decline in Shorted Shares?

The stock of Cabelas Incorporated (NYSE:CAB) registered a decrease of 22.68% in short interest. CAB’s total short interest was 3.53M shares in November as published by FINRA. Its down 22.68% from 4.57 million shares, reported previously. With 724,500 shares average volume, it will take short sellers 5 days to cover their CAB’s short positions. The short interest to Cabelas Incorporated’s float is 6.87%. About 108,229 shares traded hands. Cabelas Inc (NYSE:CAB) has risen 21.36% since April 25, 2016 and is uptrending. It has outperformed by 15.35% the S&P500.

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The company has a market cap of $4.29 billion. The Firm offers national and regional brand products, including its Cabela’s brand. It has a 25.64 P/E ratio. The Company’s divisions include Retail, Direct, Financial Services, and Corporate Overhead and Other.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.17, from 1.07 in 2016Q1. The ratio turned negative, as 24 funds sold all Cabelas Inc shares owned while 81 reduced positions. 23 funds bought stakes while 89 increased positions. They now own 40.87 million shares or 5.30% less from 43.16 million shares in 2016Q1.
Janus Cap Management Limited has 8,216 shares for 0% of their US portfolio. Trust Commerce Of Vermont holds 100 shares or 0% of its portfolio. Thrivent Financial For Lutherans has 7,100 shares for 0% of their US portfolio. Moreover, State Treasurer State Of Michigan has 0.01% invested in Cabelas Inc (NYSE:CAB) for 19,500 shares. Wells Fargo & Communications Mn, a California-based fund reported 91,988 shares. Credit Agricole S A reported 6,284 shares or 0% of all its holdings. Capwealth Advisors Limited Liability Company holds 0% or 100 shares in its portfolio. South Dakota Invest Council reported 14,000 shares or 0.02% of all its holdings. Quantitative Investment Mngmt Ltd Company reported 7,500 shares or 0.02% of all its holdings. Geode Capital Mgmt Limited Company has invested 0.01% of its portfolio in Cabelas Inc (NYSE:CAB). Blackrock accumulated 0% or 22,403 shares. Morgan Stanley accumulated 154,078 shares or 0% of the stock. Rothschild Corporation Il owns 21,510 shares or 0.14% of their US portfolio. Point72 Asia (Hong Kong) Ltd has 654 shares for 0.04% of their US portfolio. Smithfield Trust last reported 14,142 shares in the company.

Cabelas Inc (NYSE:CAB) Ratings Coverage

Out of 15 analysts covering Cabela’s (NYSE:CAB), 5 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 33% are positive. Cabela’s has been the topic of 23 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, September 3 by DA Davidson. The rating was downgraded by Northcoast to “Neutral” on Friday, October 23. The stock of Cabelas Inc (NYSE:CAB) has “Mkt Perform” rating given on Friday, October 23 by Barrington Research. Wells Fargo downgraded the shares of CAB in a report on Friday, October 23 to “Market Perform” rating. The firm has “Neutral” rating by Credit Suisse given on Thursday, October 22. The firm has “Neutral” rating by Goldman Sachs given on Friday, October 23. DA Davidson maintained the stock with “Neutral” rating in Thursday, December 3 report. The firm has “Buy” rating by M Partners given on Friday, July 24. The company was maintained on Tuesday, February 16 by DA Davidson. As per Monday, February 22, the company rating was upgraded by Forward View.

CAB Company Profile

Cabela’s Incorporated, incorporated on December 17, 2003, is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Firm offers national and regional brand products, including its Cabela’s brand. The Company’s divisions include Retail, Direct, Financial Services, and Corporate Overhead and Other. The Company’s products include merchandise and equipment for hunting, fishing, marine use and camping, along with casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings with an outdoor theme. The hunting equipment merchandise includes a range of firearms, ammunition, optics, archery products, and related accessories and supplies for hunting and sport shooting. The general outdoors merchandise category includes a range of equipment and accessories supporting outdoor activities, including fishing and tackle products; a range of boats, electronics and marine accessories and equipment; camping gear and equipment for various experience levels of outdoor enthusiasts; food preparation and outdoor cooking products; all-terrain vehicles and accessories for automobiles and all-terrain vehicles, and gifts and home furnishings. The clothing and footwear merchandise category includes fieldwear apparel and footwear, sportswear apparel and footwear, including technical gear for the active outdoor enthusiast, apparel and footwear for the casual customer, and workwear products.

More news for Cabelas Inc (NYSE:CAB) were recently published by: Reuters.com, which released: “Bass Pro Shops hooks Cabela’s in $5.5 billion deal” on October 03, 2016. Seekingalpha.com‘s article titled: “Cabela’s Inc.: Worth Waiting For The Buyout?” and published on November 11, 2016 is yet another important article.

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By Linda Rogers


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