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.

TRADEMARK VIOLATION WARNING: “Cabelas Inc (CAB) Given Consensus Recommendation of “Hold” by Analysts” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/19/cabelas-inc-cab-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Analyst Recommendations for Cabelas (NYSE:CAB)

Receive News & Ratings for Cabelas Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabelas Inc and related companies with MarketBeat.com's FREE daily email newsletter.