Wall Street analysts expect Cabela’s Inc (NYSE:CAB) to post sales of $992.66 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cabela’s’ earnings, with estimates ranging from $978.60 million to $1.01 billion. Cabela’s reported sales of $996.50 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The business is scheduled to issue its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Cabela’s will report full year sales of $992.66 million for the current financial year, with estimates ranging from $4.03 billion to $4.10 billion. For the next fiscal year, analysts expect that the business will post sales of $4.17 billion per share, with estimates ranging from $4.12 billion to $4.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cabela’s.

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 for the quarter, compared to the consensus estimate of $906.06 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis.

Several research firms have issued reports on CAB. Stifel Nicolaus restated a “hold” rating and set a $61.50 target price (up previously from $59.00) on shares of Cabela’s in a research note on Friday, September 8th. Forward View restated a “buy” rating and set a $61.50 target price on shares of Cabela’s in a research note on Thursday, September 7th. Zacks Investment Research cut shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. BidaskClub cut shares of Cabela’s from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Northcoast Research cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Cabela’s currently has an average rating of “Hold” and a consensus target price of $64.50.

Shares of Cabela’s (NYSE CAB) opened at 61.31 on Monday. Cabela’s has a 12-month low of $45.00 and a 12-month high of $63.60. The stock has a market cap of $4.23 billion, a P/E ratio of 31.80 and a beta of 0.14. The company’s 50-day moving average is $55.40 and its 200-day moving average is $54.48.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Cabela’s by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,420,570 shares of the company’s stock valued at $262,670,000 after purchasing an additional 127,228 shares during the last quarter. BlackRock Inc. increased its position in shares of Cabela’s by 0.5% during the 2nd quarter. BlackRock Inc. now owns 3,991,541 shares of the company’s stock valued at $237,177,000 after purchasing an additional 21,408 shares during the last quarter. CNH Partners LLC increased its position in shares of Cabela’s by 19.6% during the 2nd quarter. CNH Partners LLC now owns 2,346,126 shares of the company’s stock valued at $139,407,000 after purchasing an additional 384,467 shares during the last quarter. OZ Management LP purchased a new stake in shares of Cabela’s during the 1st quarter valued at about $116,952,000. Finally, State Street Corp increased its position in shares of Cabela’s by 3.7% during the 1st quarter. State Street Corp now owns 1,379,058 shares of the company’s stock valued at $73,246,000 after purchasing an additional 49,045 shares during the last quarter. 56.43% of the stock is owned by hedge funds and other 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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