Vetr lowered shares of Cabela’s Inc. (NYSE:CAB) from a hold rating to a sell rating in a research note issued to investors on Monday morning. Vetr currently has $60.48 price target on the stock.

A number of other brokerages also recently issued reports on CAB. Forward View restated a buy rating and set a $65.50 price target on shares of Cabela’s in a report on Thursday, October 20th. DA Davidson restated a neutral rating and set a $65.50 price target on shares of Cabela’s in a report on Tuesday, October 4th. Zacks Investment Research downgraded Cabela’s from a buy rating to a hold rating in a report on Monday, August 1st. Goldman Sachs Group Inc. downgraded 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, October 3rd. Finally, MKM Partners downgraded Cabela’s from a buy rating to a neutral rating in a report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. Cabela’s currently has a consensus rating of Hold and an average price target of $55.86.

Analyst Recommendations for Cabela`s (NYSE:CAB)

Cabela’s (NYSE:CAB) opened at 62.47 on Monday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 25.61 and a beta of 0.70. The stock has a 50 day moving average price of $61.73 and a 200-day moving average price of $53.79. Cabela’s has a 12-month low of $38.90 and a 12-month high of $63.60.

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

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A number of institutional investors have recently added to or reduced their stakes in CAB. Capital Fund Management S.A. acquired a new position in Cabela’s during the second quarter valued at about $1,155,000. Retirement Systems of Alabama boosted its position in Cabela’s by 0.7% in the second quarter. Retirement Systems of Alabama now owns 62,526 shares of the company’s stock valued at $3,130,000 after buying an additional 437 shares during the period. Parametrica Management Ltd acquired a new position in Cabela’s during the second quarter valued at about $235,000. Rothschild Investment Corp IL boosted its position in Cabela’s by 3.4% in the second quarter. Rothschild Investment Corp IL now owns 21,510 shares of the company’s stock valued at $1,077,000 after buying an additional 700 shares during the period. Finally, LS Investment Advisors LLC boosted 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 valued at $150,000 after buying an additional 1,235 shares during the period. 72.53% of the stock is currently owned by institutional investors and hedge funds.

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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