A number of other research analysts have also weighed in on CAB. DA Davidson restated a neutral rating and set a $61.50 price objective on shares of Cabela’s in a research report on Saturday, June 3rd. BidaskClub upgraded Cabela’s from a sell rating to a hold rating in a research report on Wednesday, June 28th. Stifel Nicolaus set a $59.00 price objective on Cabela’s and gave the company a hold rating in a research report on Saturday, July 1st. Zacks Investment Research lowered Cabela’s from a hold rating to a sell rating in a research report on Tuesday, July 4th. Finally, Northcoast Research lowered Cabela’s from a buy rating to a neutral rating in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Cabela’s presently has a consensus rating of Hold and a consensus target price of $64.50.
Shares of Cabela’s (CAB) opened at 60.93 on Thursday. The stock has a 50 day moving average price of $54.93 and a 200-day moving average price of $53.95. Cabela’s has a 1-year low of $45.00 and a 1-year high of $63.60. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 31.60 and a beta of 0.14.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. The firm had revenue of $890.40 million for 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 revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Equities research analysts forecast that Cabela’s will post $2.58 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas purchased a new position in Cabela’s in the second quarter worth about $229,000. Shelton Capital Management purchased a new position in Cabela’s in the second quarter worth about $231,000. Tiedemann Wealth Management LLC grew its position in Cabela’s by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after acquiring an additional 200 shares in the last quarter. Karp Capital Management Corp purchased a new position in Cabela’s in the first quarter worth about $234,000. Finally, Infrastructure Capital Advisors LLC purchased a new position in Cabela’s in the first quarter worth about $238,000. Institutional investors own 56.43% of the company’s stock.
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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