Cabela’s Inc. (CAB) Lowered to Hold at Feltl & Co.
CAB has been the subject of several other reports. MKM Partners reissued a buy rating and issued a $56.00 target price on shares of Cabela’s in a research note on Tuesday, July 26th. Zacks Investment Research cut shares of Cabela’s from a hold rating to a sell rating in a research report on Tuesday, September 27th. Vetr cut shares of Cabela’s from a buy rating to a hold rating and set a $51.80 price objective for the company. in a research report on Wednesday, June 8th. Finally, Credit Suisse Group AG reaffirmed a hold rating and set a $38.00 price objective on shares of Cabela’s in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $49.44.
Shares of Cabela’s (NYSE:CAB) traded up 0.21% during midday trading on Monday, hitting $63.31. 1,771,160 shares of the company were exchanged. Cabela’s has a one year low of $33.03 and a one year high of $63.36. The company has a market capitalization of $4.33 billion, a P/E ratio of 24.01 and a beta of 0.96. The company has a 50-day moving average of $50.55 and a 200 day moving average of $50.36.
Cabela’s (NYSE:CAB) last released its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.03. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. The firm earned $929.90 million during the quarter, compared to the consensus estimate of $905.42 million. During the same period in the prior year, the business posted $0.56 earnings per share. Cabela’s’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Cabela’s will post $3.17 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CAB. PNC Financial Services Group Inc. increased its position in Cabela’s by 6.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock worth $110,000 after buying an additional 128 shares during the period. Carnick & Kubik LLC bought a new position in Cabela’s during the first quarter worth approximately $129,000. LS Investment Advisors LLC increased its position in Cabela’s by 70.1% in the second quarter. LS Investment Advisors LLC now owns 2,997 shares of the company’s stock worth $150,000 after buying an additional 1,235 shares during the period. Tower Research Capital LLC TRC increased its position in Cabela’s by 2.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,440 shares of the company’s stock worth $172,000 after buying an additional 76 shares during the period. Finally, WFG Advisors LP increased its position in Cabela’s by 17.3% in the second quarter. WFG Advisors LP now owns 3,641 shares of the company’s stock worth $182,000 after buying an additional 536 shares during the period. 71.37% of the stock is owned by institutional investors and hedge funds.
Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela’s brand. The Company’s segments include Retail, Direct, Financial Services, and Corporate Overhead and Other.
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