Cabela’s Inc. (NYSE:CAB)‘s stock had its “neutral” rating reissued by equities researchers at DA Davidson in a report released on Tuesday. They presently have a $65.50 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 3.38% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Barclays PLC downgraded shares of Cabela’s from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $50.00 to $64.00 in a report on Tuesday. MKM Partners downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Tuesday. Vetr upgraded shares of Cabela’s from a “hold” rating to a “buy” rating and set a $51.80 price target on the stock in a report on Tuesday, June 14th. Feltl & Co. downgraded shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday. Finally, Goldman Sachs Group Inc. downgraded shares of Cabela’s from a “neutral” rating to a “not rated” rating and set a $53.00 price target on the stock. in a report on Monday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $51.39.

Analyst Recommendations for Cabela`s (NYSE:CAB)

Cabela’s (NYSE:CAB) traded up 0.28% during midday trading on Tuesday, hitting $63.36. 10,038,112 shares of the stock traded hands. Cabela’s has a 12 month low of $33.03 and a 12 month high of $63.49. The firm has a market cap of $4.34 billion, a PE ratio of 24.03 and a beta of 0.96. The company’s 50 day moving average price is $50.89 and its 200 day moving average price is $50.48.

Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $929.90 million for the quarter, compared to analyst estimates of $905.42 million. During the same quarter last year, the company earned $0.56 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Cabela’s will post $3.17 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of 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 last quarter. Carnick & Kubik LLC purchased a new position in shares of Cabela’s during the first quarter worth $129,000. LS Investment Advisors LLC raised its position in shares of 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 last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 last quarter. Finally, WFG Advisors LP raised its position in shares of 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 last quarter. Institutional investors own 71.37% of the company’s stock.

Cabela’s Company Profile

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.

5 Day Chart for NYSE:CAB

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