Cabela’s Inc. (CAB) Rating Reiterated by Goldman Sachs Group Inc.
Cabela’s Inc. (NYSE:CAB)‘s stock had its “neutral” rating restated by research analysts at Goldman Sachs Group Inc. in a research note issued on Wednesday. They currently have a $77.00 price target on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 21.53% from the stock’s previous close.
Several other brokerages also recently commented on CAB. DA Davidson reissued a “neutral” rating and issued a $65.50 price objective on shares of Cabela’s in a research note on Tuesday. MKM Partners downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Tuesday. Barclays PLC downgraded shares of Cabela’s from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $64.00 in a research note on Tuesday. Feltl & Co. downgraded shares of Cabela’s from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $38.00 price target on shares of Cabela’s in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Cabela’s currently has a consensus rating of “Hold” and an average target price of $53.57.
Shares of Cabela’s (NYSE:CAB) opened at 63.36 on Wednesday. The company has a market capitalization of $4.34 billion, a PE ratio of 24.03 and a beta of 0.96. The company has a 50-day moving average of $50.89 and a 200 day moving average of $50.48. Cabela’s has a 52-week low of $33.03 and a 52-week high of $63.49.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company earned $929.90 million during the quarter, compared to the consensus estimate of $905.42 million. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. Cabela’s’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. Analysts predict that Cabela’s will post $3.17 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CAB. Seven Eight Capital LLC acquired a new position in shares of Cabela’s during the first quarter worth about $222,000. Elliott Management Corp boosted its position in shares of Cabela’s by 45.2% in the first quarter. Elliott Management Corp now owns 6,046,496 shares of the company’s stock worth $294,404,000 after buying an additional 1,881,496 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Cabela’s during the first quarter worth about $2,427,000. Geode Capital Management LLC boosted its position in shares of Cabela’s by 2.3% in the first quarter. Geode Capital Management LLC now owns 298,147 shares of the company’s stock worth $14,516,000 after buying an additional 6,724 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Cabela’s during the first quarter worth about $629,000. Hedge funds and other 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.
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