Cabela’s Inc (NYSE:CAB)‘s stock had its “buy” rating reiterated by investment analysts at Forward View in a report issued on Thursday. They presently have a $61.50 price objective on the stock. Forward View’s target price points to a potential upside of 0.94% from the stock’s current price.

CAB has been the subject of several other research reports. BidaskClub lowered shares of Cabela’s from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. DA Davidson reiterated a “neutral” rating and issued a $61.50 price objective on shares of Cabela’s in a research note on Saturday, June 3rd. Northcoast Research lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus set a $59.00 price objective on shares of Cabela’s and gave the company a “hold” rating in a research note on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.50.

Cabela’s (NYSE:CAB) opened at 60.93 on Thursday. The firm has a market cap of $4.20 billion, a P/E ratio of 31.60 and a beta of 0.14. Cabela’s has a 12 month low of $45.00 and a 12 month high of $63.60. The firm’s 50-day moving average price is $54.93 and its 200-day moving average price is $53.95.

Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The firm had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, equities research analysts expect that Cabela’s will post $2.58 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/09/09/cabelas-inc-cab-stock-rating-reaffirmed-by-forward-view.html.

Hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in shares of Cabela’s during the 2nd quarter worth approximately $229,000. Shelton Capital Management purchased a new stake in shares of Cabela’s during the 2nd quarter worth approximately $231,000. LS Investment Advisors LLC increased its stake in shares of Cabela’s by 21.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock worth $249,000 after purchasing an additional 742 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Cabela’s by 4.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock worth $256,000 after purchasing an additional 180 shares during the last quarter. Finally, Tiedemann Wealth Management LLC increased its stake in shares of Cabela’s by 4.8% during the 1st quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 56.43% of the company’s stock.

Cabela’s Company Profile

Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.

Analyst Recommendations for Cabela`s (NYSE:CAB)

Receive News & Stock Ratings for Cabela's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabela's Inc and related stocks with our FREE daily email newsletter.