Cabela’s Inc. (CAB) Rating Increased to Hold at Vetr Inc.
Cabela’s Inc. (NYSE:CAB) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Monday. The brokerage currently has a $60.73 price target on the stock. Vetr‘s target price indicates a potential downside of 2.21% from the company’s previous close.
Several other research analysts also recently weighed in on CAB. MKM Partners reaffirmed a “buy” rating and issued a $56.00 target price on shares of Cabela’s in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, July 19th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $38.00 target price on shares of Cabela’s in a report on Tuesday, July 26th. Feltl & Co. downgraded shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Finally, Goldman Sachs Group Inc. downgraded shares of Cabela’s from a “neutral” rating to a “not rated” rating and set a $53.00 target price for the company. in a report on Monday, October 3rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.38.
Cabela’s (NYSE:CAB) traded down 0.24% during mid-day trading on Monday, hitting $62.10. The company had a trading volume of 1,743,932 shares. The stock has a market capitalization of $4.25 billion, a PE ratio of 23.55 and a beta of 0.96. Cabela’s has a 1-year low of $33.03 and a 1-year high of $63.60. The stock has a 50 day moving average price of $52.29 and a 200-day moving average price of $50.95.
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Cabela’s (NYSE:CAB) last issued its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.03. The firm earned $929.90 million during the quarter, compared to the consensus estimate of $905.42 million. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts forecast that Cabela’s will post $3.17 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the company. Elliott Management Corp raised its stake in Cabela’s by 45.2% in the first quarter. Elliott Management Corp now owns 6,046,496 shares of the company’s stock worth $294,404,000 after buying an additional 1,881,496 shares during the period. Vanguard Group Inc. raised its stake in Cabela’s by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,370,702 shares of the company’s stock worth $168,738,000 after buying an additional 70,842 shares during the period. BlackRock Fund Advisors raised its stake in Cabela’s by 6.2% in the second quarter. BlackRock Fund Advisors now owns 1,677,030 shares of the company’s stock worth $83,952,000 after buying an additional 97,407 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Cabela’s by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,434,624 shares of the company’s stock worth $71,817,000 after buying an additional 41,260 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Cabela’s by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,362,741 shares of the company’s stock worth $68,212,000 after buying an additional 18,577 shares during the period. 71.37% of the stock is currently owned by 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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