Cabela’s Inc (CAB) Stock Rating Reaffirmed by Forward View
Cabela’s Inc (NYSE:CAB)‘s stock had its “buy” rating reissued by equities researchers at Forward View in a report released on Thursday. They currently have a $61.50 price objective on the stock. Forward View’s target price would indicate a potential upside of 0.94% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Northcoast Research cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Monday, July 24th. DA Davidson restated a “neutral” rating and issued a $61.50 price target on shares of Cabela’s in a report on Saturday, June 3rd. Finally, Stifel Nicolaus set a $59.00 price target on shares of Cabela’s and gave the company a “hold” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.50.
Shares of Cabela’s (NYSE:CAB) traded down 0.21% on Thursday, hitting $60.93. 1,945,768 shares of the stock traded hands. The stock has a market cap of $4.20 billion, a P/E ratio of 31.60 and a beta of 0.14. Cabela’s has a 52-week low of $45.00 and a 52-week high of $63.60. The stock’s 50 day moving average price is $54.93 and its 200 day moving average price is $53.95.
Cabela’s (NYSE:CAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.04. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The firm had revenue of $890.40 million during the quarter, compared to the consensus estimate of $906.06 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts expect that Cabela’s will post $2.58 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/09/cabelas-inc-cab-stock-rating-reaffirmed-by-forward-view.html.
A number of hedge funds have recently added to or reduced their stakes in CAB. Louisiana State Employees Retirement System boosted its stake in Cabela’s by 2.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the company’s stock worth $690,000 after purchasing an additional 300 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Cabela’s in the 1st quarter worth approximately $3,877,000. Oregon Public Employees Retirement Fund boosted its stake in Cabela’s by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,041 shares of the company’s stock worth $958,000 after purchasing an additional 200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Cabela’s by 9.3% in the 1st quarter. Wells Fargo & Company MN now owns 164,710 shares of the company’s stock worth $8,748,000 after purchasing an additional 14,002 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Cabela’s by 5.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 30,036 shares of the company’s stock worth $1,594,000 after purchasing an additional 1,551 shares in the last quarter. Institutional investors own 56.43% of the company’s stock.
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.
Receive News & Ratings for Cabela's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabela's Inc and related companies with MarketBeat.com's FREE daily email newsletter.