Cabela’s Inc (CAB) Rating Reiterated by Stifel Nicolaus
Cabela’s Inc (NYSE:CAB)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $61.50 target price on the stock, up from their previous target price of $59.00. Stifel Nicolaus’ target price would suggest a potential upside of 0.94% from the stock’s previous close.
Several other research analysts have also recently weighed in on CAB. Forward View restated a “buy” rating and issued a $61.50 price objective on shares of Cabela’s in a research report on Thursday. DA Davidson restated a “neutral” rating and issued a $61.50 price objective on shares of Cabela’s in a research report on Saturday, June 3rd. BidaskClub cut shares of Cabela’s from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Cabela’s from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Northcoast Research cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.50.
Cabela’s (NYSE:CAB) traded down 0.21% during midday trading on Friday, hitting $60.93. 1,945,768 shares of the stock were exchanged. The company has a market capitalization of $4.20 billion, a P/E ratio of 31.60 and a beta of 0.14. Cabela’s has a 1-year low of $45.00 and a 1-year high of $63.60. The company’s 50 day moving average is $54.86 and its 200 day moving average is $53.90.
Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The company had revenue of $890.40 million during the quarter, compared to the consensus estimate of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. Analysts predict that Cabela’s will post $2.58 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of CAB. Teacher Retirement System of Texas purchased a new stake in Cabela’s in the second quarter worth approximately $229,000. Shelton Capital Management purchased a new stake in Cabela’s in the second quarter worth approximately $231,000. Tiedemann Wealth Management LLC boosted its stake in Cabela’s by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after buying an additional 200 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Cabela’s in the first quarter worth approximately $234,000. Finally, Infrastructure Capital Advisors LLC purchased a new stake in Cabela’s in the first quarter worth approximately $238,000. 56.43% of the stock is owned by institutional investors and hedge funds.
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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