Shares of Cabela’s Inc. (NYSE:CAB) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $56.84.

CAB has been the subject of a number of research reports. 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 raised shares of Cabela’s from a “sell” rating to a “hold” rating and set a $60.73 price target for the company in a research report on Monday, October 10th. Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $77.00 price objective on shares of Cabela’s in a research note on Wednesday, October 5th. Finally, Forward View restated a “buy” rating and issued a $65.50 price objective on shares of Cabela’s in a research note on Thursday, October 20th.

A number of hedge funds and other institutional investors have recently modified their holdings of CAB. D.A. Davidson & CO. raised its position in shares of Cabela’s by 28.9% in the third quarter. D.A. Davidson & CO. now owns 16,075 shares of the company’s stock valued at $882,000 after buying an additional 3,600 shares during the last quarter. Water Island Capital LLC raised its position in shares of Cabela’s by 16.9% in the third quarter. Water Island Capital LLC now owns 30,000 shares of the company’s stock valued at $1,648,000 after buying an additional 4,337 shares during the last quarter. Credit Suisse AG raised its position in shares of Cabela’s by 14.3% in the third quarter. Credit Suisse AG now owns 1,137,898 shares of the company’s stock valued at $62,504,000 after buying an additional 142,121 shares during the last quarter. HG Vora Capital Management LLC raised its position in shares of Cabela’s by 157.4% in the third quarter. HG Vora Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $71,409,000 after buying an additional 795,000 shares during the last quarter. Finally, Dai Ichi Life Holdings Inc. raised its position in shares of Cabela’s by 52.9% in the third quarter. Dai Ichi Life Holdings Inc. now owns 63,977 shares of the company’s stock valued at $3,514,000 after buying an additional 22,132 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.

Cabela’s (NYSE:CAB) traded up 0.08% during midday trading on Wednesday, hitting $62.07. 350,368 shares of the stock traded hands. The company’s 50 day moving average is $61.82 and its 200-day moving average is $53.50. Cabela’s has a one year low of $38.90 and a one year high of $63.60. The company has a market cap of $4.25 billion, a P/E ratio of 25.45 and a beta of 0.70.

Cabela’s (NYSE:CAB) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.28. Cabela’s had a net margin of 3.99% and a return on equity of 10.23%. The company earned $996.50 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $0.71 earnings per share. Cabela’s’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Cabela’s will post $2.87 EPS for the current fiscal year.

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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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