Cabela’s Inc (CAB) Receives Average Recommendation of “Hold” from Brokerages
Shares of Cabela’s Inc (NYSE:CAB) have been given an average rating of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $64.25.
Several research firms recently weighed in on CAB. Zacks Investment Research upgraded shares of Cabela’s from a “sell” rating to a “hold” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $61.50 price target (up previously from $59.00) on shares of Cabela’s in a report on Friday, September 8th. Northcoast Research cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub upgraded shares of Cabela’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Forward View reiterated a “buy” rating and issued a $61.50 price target on shares of Cabela’s in a report on Tuesday, August 8th.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Cabela’s by 3.0% during the second quarter. Vanguard Group Inc. now owns 4,420,570 shares of the company’s stock valued at $262,670,000 after buying an additional 127,228 shares during the period. BlackRock Inc. lifted its position in Cabela’s by 0.5% during the second quarter. BlackRock Inc. now owns 3,991,541 shares of the company’s stock valued at $237,177,000 after buying an additional 21,408 shares during the period. CNH Partners LLC lifted its position in Cabela’s by 19.6% during the second quarter. CNH Partners LLC now owns 2,346,126 shares of the company’s stock valued at $139,407,000 after buying an additional 384,467 shares during the period. OZ Management LP purchased a new position in Cabela’s during the first quarter valued at $116,952,000. Finally, State Street Corp lifted its position in Cabela’s by 3.7% during the first quarter. State Street Corp now owns 1,379,058 shares of the company’s stock valued at $73,246,000 after buying an additional 49,045 shares during the period. 56.43% of the stock is owned by institutional investors and hedge funds.
Cabela’s (NYSE:CAB) opened at 61.47 on Friday. The company’s 50 day moving average is $55.62 and its 200-day moving average is $54.79. The firm has a market cap of $4.24 billion, a P/E ratio of 31.88 and a beta of 0.14. Cabela’s has a 52-week low of $45.00 and a 52-week high of $63.60.
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 the 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 net margin of 3.29% and a return on equity of 8.60%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. On average, equities analysts predict that Cabela’s will post $2.58 EPS for the current fiscal year.
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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