What Next for Cabelas Inc Stock After Today’s Bearish Options Activity?

 What Next for Cabelas Inc Stock After Today's Bearish Options Activity?

In today’s session Cabelas Inc (CAB) recorded an unusually high (100) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious CAB decrease. With 100 contracts traded and 6304 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: CAB170317P00055000 closed last at: $1.5 or 7.1% up. About 31,934 shares traded hands. Cabelas Inc (NYSE:CAB) has risen 19.24% since April 26, 2016 and is uptrending. It has outperformed by 13.98% the S&P500.

Analysts await Cabelas Inc (NYSE:CAB) to report earnings on February, 16. They expect $1.23 EPS, down 2.38% or $0.03 from last year’s $1.26 per share. CAB’s profit will be $84.20 million for 12.71 P/E if the $1.23 EPS becomes a reality. After $0.53 actual EPS reported by Cabelas Inc for the previous quarter, Wall Street now forecasts 132.08% 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. Cabela’s has been the topic of 23 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Cabelas Inc (NYSE:CAB) has “Neutral” rating given on Thursday, October 22 by Credit Suisse. On Friday, October 23 the stock rating was downgraded by Barrington Research to “Mkt Perform”. The stock of Cabelas Inc (NYSE:CAB) has “Neutral” rating given on Tuesday, February 16 by DA Davidson. The rating was upgraded by Forward View to “Speculative Buy” on Monday, February 22. The firm has “Market Perform” rating by Wells Fargo given on Friday, October 23. The firm has “Mkt Perform” rating given on Friday, October 23 by Raymond James. The stock has “Buy” rating given by DA Davidson on Thursday, September 3. The rating was maintained by DA Davidson with “Neutral” on Thursday, December 3. The stock of Cabelas Inc (NYSE:CAB) earned “Buy” rating by M Partners on Friday, October 23. The firm has “Hold” rating given on Monday, October 3 by Feltl & Co.

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 decreased to 0.9 in 2016 Q2. Its down 0.17, from 1.07 in 2016Q1. The ratio is 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.
The Michigan-based Comerica Bank has invested 0.01% in Cabelas Inc (NYSE:CAB). D E Shaw And Communication Incorporated has invested 0.07% of its portfolio in Cabelas Inc (NYSE:CAB). Parametrica Mngmt Ltd holds 0.35% of its portfolio in Cabelas Inc (NYSE:CAB) for 4,688 shares. Valley National Advisers Incorporated has 75 shares for 0% of their US portfolio. Oregon Pub Employees Retirement Fund holds 0.02% of its portfolio in Cabelas Inc (NYSE:CAB) for 16,679 shares. The Illinois-based Great Lakes Limited has invested 0.14% in Cabelas Inc (NYSE:CAB). Bnp Paribas Arbitrage holds 22,445 shares or 0.01% of its portfolio. Primecap Management Ca has invested 0% of its portfolio in Cabelas Inc (NYSE:CAB). Bankshares Of Ny Mellon Corp owns 492,021 shares or 0.01% of their US portfolio. Whitnell & has 105 shares for 0% of their US portfolio. The New York-based Teachers Advsr Incorporated has invested 0% in Cabelas Inc (NYSE:CAB). Schwab Charles Management Inc has 182,386 shares for 0.01% of their US portfolio. Tiaa Cref Invest Ltd last reported 0.01% of its portfolio in the stock. Clinton Grp Inc Inc, a New York-based fund reported 7,043 shares. Goldman Sachs Gru accumulated 569,103 shares or 0.01% of the stock.

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 $4.28 billion. The Firm offers national and regional brand products, including its Cabela’s brand. It has a 25.69 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 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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