Cabela’s Inc (CAB) Stock Rating Reaffirmed by Forward View
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.
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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.
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