Shares of Cabela’s Incorporated (NYSE:CAB) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $61.13.
CAB has been the subject of a number of research reports. Forward View reissued a “buy” rating and set a $61.50 price objective on shares of Cabela’s in a research report on Thursday, September 7th. Zacks Investment Research raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $61.50 price objective (up previously from $59.00) on shares of Cabela’s in a research report on Friday, September 8th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in Cabela’s by 72.2% during the second quarter. BNP Paribas Arbitrage SA now owns 19,584 shares of the company’s stock valued at $1,164,000 after buying an additional 8,211 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC bought a new position in Cabela’s during the second quarter valued at about $297,000. CNH Partners LLC raised its holdings 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 in the last quarter. Legal & General Group Plc raised its holdings in Cabela’s by 16.0% during the second quarter. Legal & General Group Plc now owns 61,834 shares of the company’s stock valued at $3,675,000 after buying an additional 8,540 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Cabela’s by 15.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 267,383 shares of the company’s stock valued at $15,888,000 after buying an additional 36,036 shares in the last quarter. 56.87% of the stock is owned by hedge funds and other institutional investors.
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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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