Cabela’s Inc. (NYSE:CAB) hit a new 52-week high during trading on Tuesday . The company traded as high as $54.32 and last traded at $54.15, with a volume of 522,141 shares changing hands. The stock had previously closed at $53.03.

A number of equities research analysts have commented on the stock. MKM Partners reissued a “buy” rating and issued a $56.00 price objective on shares of Cabela’s in a research report on Wednesday, June 29th. Vetr upgraded shares of Cabela’s from a “hold” rating to a “buy” rating and set a $51.80 target price for the company in a report on Tuesday, June 14th. TheStreet cut shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Sterne Agee CRT restated a “neutral” rating on shares of Cabela’s in a report on Monday, May 16th. Finally, Forward View upgraded shares of Cabela’s from a “speculative buy” rating to a “buy” rating in a report on Saturday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Cabela’s presently has an average rating of “Hold” and an average price target of $49.37.

The company has a market capitalization of $3.67 billion and a price-to-earnings ratio of 20.31. The stock’s 50-day moving average price is $49.82 and its 200 day moving average price is $47.57.

Cabela’s (NYSE:CAB) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company earned $864.70 million during the quarter, compared to the consensus estimate of $892.18 million. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Analysts forecast that Cabela’s Inc. will post $3.19 earnings per share for the current fiscal year.

Several hedge funds recently modified their holdings of CAB. Quantitative Investment Management LLC raised its stake in shares of Cabela’s by 458.3% in the fourth quarter. Quantitative Investment Management LLC now owns 26,800 shares of the company’s stock worth $1,252,000 after buying an additional 22,000 shares during the period. Sei Investments Co. raised its stake in shares of Cabela’s by 1.2% in the fourth quarter. Sei Investments Co. now owns 31,754 shares of the company’s stock worth $1,484,000 after buying an additional 368 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Cabela’s by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 32,181 shares of the company’s stock worth $1,504,000 after buying an additional 10,916 shares during the period. QCI Asset Management Inc. NY raised its stake in shares of Cabela’s by 135,760.0% in the fourth quarter. QCI Asset Management Inc. NY now owns 33,965 shares of the company’s stock worth $1,587,000 after buying an additional 33,940 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in shares of Cabela’s by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 34,049 shares of the company’s stock worth $1,591,000 after buying an additional 906 shares during the period.

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.

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