Vetr upgraded shares of Cabela’s Inc. (NYSE:CAB) from a sell rating to a hold rating in a report issued on Monday. Vetr currently has $60.73 price objective on the stock.

Several other analysts also recently issued reports on CAB. MKM Partners reissued a buy rating and set a $56.00 target price on shares of Cabela’s in a research note on Tuesday, July 26th. Zacks Investment Research downgraded Cabela’s from a buy rating to a hold rating in a research note on Monday, August 1st. DA Davidson reissued a neutral rating and set a $65.50 target price on shares of Cabela’s in a research note on Tuesday, October 4th. Barclays PLC downgraded Cabela’s from an overweight rating to an equal weight rating and lifted their target price for the company from $50.00 to $64.00 in a research note on Tuesday, October 4th. Finally, Credit Suisse Group AG reissued a hold rating and set a $38.00 target price 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, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $54.38.

Cabela’s (NYSE:CAB) traded up 0.14% during mid-day trading on Monday, reaching $62.19. 55,329 shares of the company traded hands. The company’s 50-day moving average is $52.29 and its 200-day moving average is $50.95. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.58 and a beta of 0.96. Cabela’s has a 12-month low of $33.03 and a 12-month high of $63.60.

Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by $0.03. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. The company earned $929.90 million during the quarter, compared to the consensus estimate of $905.42 million. During the same period last year, the business earned $0.56 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts predict 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 made changes to their positions in CAB. Northwestern Mutual Investment Management Company LLC raised its position in shares of Cabela’s by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,368 shares of the company’s stock valued at $419,000 after buying an additional 60 shares in the last quarter. Mason Street Advisors LLC acquired a new position in shares of Cabela’s during the second quarter valued at about $1,107,000. Balter Liquid Alternatives LLC acquired a new position in shares of Cabela’s during the second quarter valued at about $495,000. Schwab Charles Investment Management Inc. raised its position in shares of Cabela’s by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,386 shares of the company’s stock valued at $9,131,000 after buying an additional 665 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Cabela’s by 19.0% in the second quarter. Amalgamated Bank now owns 7,012 shares of the company’s stock valued at $362,000 after buying an additional 1,118 shares in the last quarter. 71.37% of the stock is currently owned by institutional investors.

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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