Cabela’s Inc. (CAB) Raised to “Hold” at Vetr Inc.
Cabela’s Inc. (NYSE:CAB) was upgraded by equities researchers at Vetr from a “sell” rating to a “hold” rating in a report issued on Monday. The firm presently has a $60.73 target price on the stock. Vetr‘s price objective points to a potential downside of 2.44% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. MKM Partners reiterated a “buy” rating and set a $56.00 price objective on shares of Cabela’s in a research note on Tuesday, July 26th. Zacks Investment Research downgraded shares of Cabela’s from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. DA Davidson reiterated a “neutral” rating and set a $65.50 price objective on shares of Cabela’s in a research note on Tuesday, October 4th. Barclays PLC downgraded shares of Cabela’s from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $64.00 in a research note on Tuesday, October 4th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $38.00 price objective on shares of Cabela’s in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.38.
Cabela’s (NYSE:CAB) opened at 62.25 on Monday. Cabela’s has a 52 week low of $33.03 and a 52 week high of $63.60. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.61 and a beta of 0.96. The stock’s 50 day moving average is $51.96 and its 200-day moving average is $50.77.
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Cabela’s (NYSE:CAB) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $929.90 million for the quarter, compared to analyst estimates of $905.42 million. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. Cabela’s’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. On average, equities research analysts expect that Cabela’s will post $3.17 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in CAB. PNC Financial Services Group Inc. boosted its position in Cabela’s by 6.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $110,000 after buying an additional 128 shares during the last quarter. Carnick & Kubik LLC bought a new position in Cabela’s during the first quarter valued at approximately $129,000. LS Investment Advisors LLC boosted its position in Cabela’s by 70.1% in the second quarter. LS Investment Advisors LLC now owns 2,997 shares of the company’s stock valued at $150,000 after buying an additional 1,235 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Cabela’s by 2.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,440 shares of the company’s stock valued at $172,000 after buying an additional 76 shares during the last quarter. Finally, WFG Advisors LP boosted its position in Cabela’s by 17.3% in the second quarter. WFG Advisors LP now owns 3,641 shares of the company’s stock valued at $182,000 after buying an additional 536 shares during the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela’s brand. The Company’s segments include Retail, Direct, Financial Services, and Corporate Overhead and Other.
To view Vetr’s full report, visit Vetr’s official website.
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