Research Analysts Offer Predictions for Cabela’s Inc’s Q4 2017 Earnings (CAB)
Cabela’s Inc (NYSE:CAB) – Equities researchers at DA Davidson lowered their Q4 2017 EPS estimates for Cabela’s in a report issued on Thursday. DA Davidson analyst A. Burns now forecasts that the company will earn $0.99 per share for the quarter, down from their prior estimate of $1.00. DA Davidson has a “Neutral” rating and a $61.50 price objective on the stock.
Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub lowered shares of Cabela’s from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Northcoast Research downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. Stifel Nicolaus set a $59.00 price objective on shares of Cabela’s and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Vetr downgraded shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Cabela’s currently has a consensus rating of “Hold” and an average price target of $63.93.
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Shares of Cabela’s (NYSE CAB) opened at 52.34 on Monday. Cabela’s has a 52 week low of $45.00 and a 52 week high of $63.60. The firm has a market cap of $3.61 billion, a PE ratio of 25.19 and a beta of 0.14. The company has a 50 day moving average of $58.38 and a 200 day moving average of $53.85.
Cabela’s (NYSE:CAB) last released its 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. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The firm had revenue of $890.40 million during the quarter, compared to analyst estimates of $906.06 million. During the same quarter last year, the business posted $0.59 EPS. The firm’s revenue was down 4.2% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the company. Investment Centers of America Inc. increased its stake in shares of Cabela’s by 0.8% in the first quarter. Investment Centers of America Inc. now owns 5,237 shares of the company’s stock worth $278,000 after buying an additional 40 shares during the last quarter. Creative Planning increased its stake in shares of Cabela’s by 0.8% in the second quarter. Creative Planning now owns 5,596 shares of the company’s stock worth $333,000 after buying an additional 47 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Cabela’s by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 23,140 shares of the company’s stock worth $1,229,000 after buying an additional 114 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Cabela’s by 4.4% in the second quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock worth $256,000 after buying an additional 180 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in shares of Cabela’s by 3.1% in the first quarter. Advantus Capital Management Inc now owns 6,579 shares of the company’s stock worth $349,000 after buying an additional 196 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.
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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