Cabela’s (CAB) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Cabela’s (NYSE:CAB) released its earnings data on Thursday. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.01, AR Network reports. The company had revenue of $850.80 million for the quarter, compared to the consensus estimate of $854.50 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis.
Shares of Cabela’s (NYSE:CAB) opened at 62.39 on Thursday. Cabela’s has a 1-year low of $38.44 and a 1-year high of $72.54. The stock has a 50-day moving average of $67.36 and a 200-day moving average of $64.41. The company has a market cap of $4.403 billion and a P/E ratio of 21.72.
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. On the ratings front, 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $74.10.
In other Cabela’s news, Chairman Richard N. Cabela sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $61.57, for a total value of $307,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cabela’s Incorporated is a specialty retailer, and direct marketer, of hunting, fishing, camping, and related outdoor merchandise.