Shares of Cabela’s Inc (NYSE:CAB) have been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.83.
Several equities analysts have commented on CAB shares. BidaskClub lowered shares of Cabela’s from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson reissued a “neutral” rating and issued a $61.50 price objective on shares of Cabela’s in a report on Saturday, June 3rd. Northcoast Research downgraded Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. Finally, Vetr downgraded Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 price objective for the company. in a report on Monday, April 17th.
Large investors have recently modified their holdings of the company. Sullivan Bruyette Speros & Blaney LLC bought a new stake in shares of Cabela’s during the second quarter valued at $297,000. OMERS ADMINISTRATION Corp increased its stake in shares of Cabela’s by 7.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 312,600 shares of the company’s stock valued at $18,575,000 after buying an additional 22,100 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Cabela’s by 2.6% in the second quarter. Pacer Advisors Inc. now owns 7,243 shares of the company’s stock valued at $430,000 after buying an additional 183 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Cabela’s by 2.2% in the second quarter. Utah Retirement Systems now owns 9,200 shares of the company’s stock valued at $547,000 after buying an additional 200 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Cabela’s by 1.3% in the second quarter. Prudential Financial Inc. now owns 32,647 shares of the company’s stock valued at $1,940,000 after buying an additional 424 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.
Cabela’s (CAB) traded up 0.86% during mid-day trading on Friday, reaching $54.17. 612,484 shares of the company were exchanged. Cabela’s has a 1-year low of $45.00 and a 1-year high of $63.60. The stock has a 50-day moving average of $58.14 and a 200 day moving average of $53.85. The firm has a market capitalization of $3.73 billion, a P/E ratio of 26.07 and a beta of 0.14.
Cabela’s (NYSE:CAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The company had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. Equities research analysts forecast that Cabela’s will post $2.65 earnings per share for the current year.
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Cabela’s Company Profile
Cabela’s Incorporated 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 Company’s segments include Merchandising and Financial Services.
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