The stock is trading at $61.50 which is just a bit higher than the 50 day moving average which is $57.05 and which is significantly above the 200 day moving average of $55.43. The 50 day moving average went up $4.45 or +7.80% whereas the 200 day moving average was up $6.07 or +10.96%. (NYSE:CAB) shares saw heavy trading volume with 5,168K shares changing hands by the end of trading on Thursday. Overall, volume was up 597.77% over the stocks normal daily volume.
Short traders are more bullish lately if you take a look at the downtick in short interest. The firm recorded a fall in short interest from August 31, 2017 to September 15, 2017 of -8.25%. Short shares decreased 211,210 over that period. Days to cover decreased -5.0 to 1.0 and the percentage of shorted shares was 0.03% on September 15.
These funds have shifted positions in (CAB). Ubs Group Ag bolstered its position by buying 4,304 shares an increase of 26.4% from 03/31/2017 to 06/30/2017. Ubs Group Ag owns 20,616 shares with a value of $1,225,000. The value of the position overall is up by 41.5%. As of the end of the quarter Feltz Wealth Plan Inc. had bought 35,083 shares growing its holdings by 19,276.4%. The value in dollars increased from $9,000 to $2,095,000 a change of 23,177.8% quarter over quarter.
Sand Grove Capital Management Llp augmented its stake by buying 1,025,242 shares an increase of 334.0% as of 06/30/2017. Sand Grove Capital Management Llp controls 1,332,219 shares worth $79,427,000. The total value of its holdings increased 393.5%. As of quarter end Solaris Asset Management LLC had disposed of a total of 675 shares trimming its position 96.4%. The value of the investment in (CAB) went from $42,000 to $2,000 decreasing 95.2% for the reporting period.
The most current P/E ratio is 31.90 and market capitalization is 4.24B.
Cabela’s Incorporated, launched on December 17, 2003, is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Business’s segments include Merchandising and Financial Services. The Merchandising segment sells products and services through the Business’s retail stores, its e-commerce Websites (Cabelas.com and Cabelas.ca), and its catalogs. The United States merchandising and Canada merchandising operating segments have been aggregated into its Merchandising segment. The Financial Services segment issues co-branded credit cards, which are available through all of its channels. Its Cabela’s CLUB cardholders also earn points from its loyalty rewards programs that can be redeemed through all of its customer shopping channels. The Company supplies its customers products through its multi-channel merchandising distribution network consisting of in-store customer pickup or by direct shipment to the customer from one of its distribution centers, retail stores, or vendor drop-ship..