Cabela’s (CAB) Getting Somewhat Favorable Media Coverage, Study Finds
News headlines about Cabela’s (NYSE:CAB) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabela’s earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7815216923532 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern’s analysis:
- Synovus (SNV) Completes Purchase of Cabela's Financial Arm (finance.yahoo.com)
- Synovus (SNV) Completes Purchase of Cabela’s Financial Arm (finance.yahoo.com)
- Global Fishing tackle Market 2017 – Cabela’s Inc., Rapala VMC Corporation, St. Croix Rods, Tica Fishing – News of Columnist: Research News By Market.Biz (thenewscolumnist.com)
- LIVE BLOG: Bass Pro Shops Completes $4 Billion Purchase of Cabela’s (realmoney.thestreet.com)
- Cabelas : Bass Pro Shops Completes Acquisition of Cabela’s (4-traders.com)
Shares of Cabela’s (NYSE:CAB) opened at 61.495 on Wednesday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 31.896 and a beta of 0.14. Cabela’s has a 52 week low of $45.00 and a 52 week high of $63.60. The firm’s 50-day moving average price is $55.62 and its 200 day moving average price is $54.79.
Cabela’s (NYSE:CAB) last issued its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Cabela’s had a net margin of 3.29% and a return on equity of 8.60%. The company had revenue of $890.40 million for the quarter, compared to analyst estimates of $906.06 million. During the same period last year, the business earned $0.59 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Cabela’s will post $2.60 EPS for the current year.
A number of analysts have issued reports on CAB shares. Zacks Investment Research lowered Cabela’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Forward View reaffirmed a “buy” rating and set a $61.50 price objective on shares of Cabela’s in a research note on Thursday, September 7th. Northcoast Research downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus set a $59.00 price objective on shares of Cabela’s and gave the stock a “hold” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $64.50.
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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