Cabela’s Chairman Sells $307,850 in Stock (CAB)
Cabela’s (NYSE:CAB) Chairman Richard Cabela sold 5,000 shares of Cabela’s stock on the open market in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $61.57, for a total value of $307,850.00. Following the sale, the chairman now directly owns 164,022 shares of the company’s stock, valued at approximately $10,098,835. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on CAB. Analysts at William Blair initiated coverage on shares of Cabela’s in a research note to investors on Wednesday, October 2nd. They set a “market perform” rating on the stock. Separately, analysts at UBS AG reiterated an “outperform” rating on shares of Cabela’s in a research note to investors on Friday, September 6th. They now have a $85.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. reiterated a “hold” rating on shares of Cabela’s in a research note to investors on Monday, August 26th. They now have a $69.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $74.10.
Cabela’s (NYSE:CAB) traded down 0.03% on Thursday, hitting $61.68. 637,470 shares of the company’s stock traded hands. Cabela’s has a one year low of $38.44 and a one year high of $72.54. The stock’s 50-day moving average is $67.36 and its 200-day moving average is $64.41. The company has a market cap of $4.353 billion and a price-to-earnings ratio of 21.48.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.01. The company had revenue of $756.80 million for the quarter, compared to the consensus estimate of $739.58 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Analysts expect that Cabela’s will post $3.44 EPS for the current fiscal year.
Cabela’s Incorporated is a specialty retailer, and direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.