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.

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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.

About Cabela’s

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.

Analyst Recommendations for Cabela`s (NYSE:CAB)

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