Cabelas Inc (CAB) Given Consensus Recommendation of “Hold” by Analysts
Cabelas Inc (NYSE:CAB) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $61.13.
Several equities analysts recently commented on the stock. Stifel Nicolaus set a $59.00 price objective on shares of Cabelas and gave the company a “hold” rating in a research note on Saturday, July 1st. Northcoast Research cut shares of Cabelas from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Forward View reaffirmed a “buy” rating and set a $61.50 price objective on shares of Cabelas in a research note on Tuesday, August 8th. BidaskClub raised shares of Cabelas from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Cabelas from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd.
A number of hedge funds have recently added to or reduced their stakes in CAB. BlackRock Inc. grew its stake in Cabelas by 15,917.0% in the 1st quarter. BlackRock Inc. now owns 3,970,133 shares of the company’s stock worth $210,854,000 after buying an additional 3,945,346 shares in the last quarter. Sand Grove Capital Management LLP grew its stake in Cabelas by 334.0% in the 2nd quarter. Sand Grove Capital Management LLP now owns 1,332,219 shares of the company’s stock worth $79,427,000 after buying an additional 1,025,242 shares in the last quarter. Farallon Capital Management LLC purchased a new position in Cabelas in the 2nd quarter worth approximately $35,949,000. Driehaus Capital Management LLC purchased a new position in Cabelas in the 1st quarter worth approximately $28,261,000. Finally, Renaissance Technologies LLC grew its stake in Cabelas by 277.3% in the 1st quarter. Renaissance Technologies LLC now owns 524,500 shares of the company’s stock worth $27,856,000 after buying an additional 385,500 shares in the last quarter. 56.87% of the stock is owned by institutional investors and hedge funds.
Shares of Cabelas (CAB) traded up 0.05% on Thursday, hitting $61.50. 5,168,218 shares of the company’s stock were exchanged. The firm has a market cap of $4.24 billion, a P/E ratio of 31.90 and a beta of 0.14. The stock’s 50 day moving average is $57.05 and its 200 day moving average is $55.43. Cabelas has a 12 month low of $45.00 and a 12 month high of $63.60.
Cabelas (NYSE:CAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm had revenue of $890.40 million for the quarter, compared to analysts’ expectations of $906.06 million. Cabelas had a net margin of 3.18% and a return on equity of 5.53%. Cabelas’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. On average, equities analysts predict that Cabelas will post $2.60 earnings per share for the current year.
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Cabelas 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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