Cabela’s’ (NYSE:CAB) Buy Rating Reaffirmed at Forward View
Cabela’s Inc (NYSE:CAB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Forward View in a note issued to investors on Tuesday. They currently have a $61.50 price objective on the stock. Forward View’s target price would indicate a potential upside of 14.50% from the stock’s current price.
Other analysts have also recently issued reports about the company. Vetr cut Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 price target for the company. in a research report on Monday, April 17th. Zacks Investment Research upgraded Cabela’s from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Stifel Nicolaus boosted their price target on Cabela’s from $51.00 to $59.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. BidaskClub upgraded Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, DA Davidson reiterated a “neutral” rating and set a $61.50 price target on shares of Cabela’s in a research report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $64.14.
Cabela’s (NYSE CAB) traded up 1.23% on Tuesday, hitting $54.37. The stock had a trading volume of 165,936 shares. The company has a market cap of $3.75 billion, a PE ratio of 26.16 and a beta of 0.14. Cabela’s has a 12 month low of $45.00 and a 12 month high of $63.60. 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 issued its quarterly 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 for the quarter, compared to analysts’ expectations of $906.06 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts predict that Cabela’s will post $2.65 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in CAB. Prudential Financial Inc. raised its position in shares of Cabela’s by 1.3% in the second quarter. Prudential Financial Inc. now owns 32,647 shares of the company’s stock valued at $1,940,000 after buying an additional 424 shares during the period. Marshall Wace LLP raised its position in shares of Cabela’s by 17.0% in the second quarter. Marshall Wace LLP now owns 417,541 shares of the company’s stock valued at $24,635,000 after buying an additional 60,816 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Cabela’s by 72.2% in the second quarter. BNP Paribas Arbitrage SA now owns 19,584 shares of the company’s stock valued at $1,164,000 after buying an additional 8,211 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Cabela’s by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 218,665 shares of the company’s stock valued at $12,993,000 after buying an additional 3,310 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Cabela’s by 9.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 324,757 shares of the company’s stock valued at $19,297,000 after buying an additional 28,077 shares during the period. 57.82% of the stock is currently owned by institutional investors.
Cabela’s Company Profile
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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