Some Traders See Unusual Bullish Options Activity in Cabelas Inc

 Some Traders See Unusual Bullish Options Activity in Cabelas Inc

In today’s session Cabelas Inc (CAB) registered an unusually high (5,236) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CAB increase. With 5,236 contracts traded and 54384 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CAB161021C00055000 closed last at: $8.6 or 273.9% up. About 2.92M shares traded hands or 74.85% up from the average. Cabelas Inc (NYSE:CAB) has risen 30.91% since March 2, 2016 and is uptrending. It has outperformed by 22.65% the S&P500.

Analysts await Cabelas Inc (NYSE:CAB) to report earnings on October, 27. They expect $0.80 earnings per share, up 12.68% or $0.09 from last year’s $0.71 per share. CAB’s profit will be $54.94 million for 19.84 P/E if the $0.80 EPS becomes a reality. After $0.59 actual earnings per share reported by Cabelas Inc for the previous quarter, Wall Street now forecasts 35.59% EPS growth.

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. $64 is the highest target while $38 is the lowest. The $50.44 average target is -20.57% below today’s ($63.5) stock price. Cabela’s has been the topic of 23 analyst reports since July 27, 2015 according to StockzIntelligence Inc. M Partners maintained it with “Buy” rating and $57 target price in Friday, July 24 report. The stock has “” rating given by Sterne Agee CRT on Friday, October 23. The stock of Cabelas Inc (NYSE:CAB) earned “Neutral” rating by DA Davidson on Tuesday, February 16. The rating was maintained by M Partners on Friday, October 23 with “Buy”. As per Wednesday, December 16, the company rating was downgraded by SunTrust. The stock has “Neutral” rating given by DA Davidson on Thursday, December 3. The stock of Cabelas Inc (NYSE:CAB) has “Market Perform” rating given on Friday, October 23 by Wells Fargo. The stock has “Mkt Perform” rating given by Barrington Research on Friday, October 23. The stock of Cabelas Inc (NYSE:CAB) earned “Speculative Buy” rating by Forward View on Monday, February 22. The company was initiated on Wednesday, November 4 by Barclays Capital.

According to Zacks Investment Research, “Cabelas Inc is the nation’s largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise.”

Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.33, from 0.74 in 2016Q1. The ratio increased, 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.
The Utah-based Utah Retirement has invested 0.01% in Cabelas Inc (NYSE:CAB). The Minnesota-based Us National Bank De has invested 0.08% in Cabelas Inc (NYSE:CAB). The Illinois-based Pentwater Cap Mgmt Limited Partnership has invested 0.41% in Cabelas Inc (NYSE:CAB). Huntington Bank owns 5,929 shares or 0.01% of their US portfolio. Pitcairn Com, a Pennsylvania-based fund reported 4,433 shares. Seven Eight Capital Ltd Limited Liability Company holds 0.07% or 4,065 shares in its portfolio. Smead Management accumulated 3.2% or 1.36 million shares. Symphony Asset Ltd Liability Corporation holds 0.03% of its portfolio in Cabelas Inc (NYSE:CAB) for 5,110 shares. Old Second National Bank & Trust Of Aurora holds 100 shares or 0% of its portfolio. Ameriprise Finance last reported 0.01% of its portfolio in the stock. Horizon Kinetics Ltd accumulated 8,728 shares or 0.01% of the stock. Prudential Fin has 0% invested in the company for 29,633 shares. Comerica Bank holds 0.01% of its portfolio in Cabelas Inc (NYSE:CAB) for 33,473 shares. Synovus Fin Corporation holds 0% or 4 shares in its portfolio. Moreover, Voya Invest Management Ltd Liability has 0% invested in Cabelas Inc (NYSE:CAB) for 17,091 shares.

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 $4.36 billion. The Firm offers national and regional brand products, including its Cabela’s brand. It has a 24.03 P/E ratio. The Company’s divisions include Retail, Direct, Financial Services, and Corporate Overhead and Other.

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 notable recent Cabelas Inc (NYSE:CAB) news were published by: Reuters.com which released: “Bass Pro Shops hooks Cabela’s in $5.5 billion deal” on October 03, 2016, also Bizjournals.com with their article: “What will happen to area Bass Pro, Cabela’s locations?” published on October 04, 2016, Investorplace.com published: “Why Cabelas Inc (CAB), Janus Capital Group Inc (JNS) And Twitter Inc (TWTR …” on October 03, 2016. More interesting news about Cabelas Inc (NYSE:CAB) were released by: Investorplace.com and their article: “3 Stocks to Watch on Monday: Cabelas Inc (CAB), Deutsche Bank AG (USA) (DB …” published on October 03, 2016 as well as Reuters.com‘s news article titled: “Exclusive: Cabela’s set to receive two binding acquisition bids-sources” with publication date: September 29, 2016.

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