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

Several research firms recently commented on CAB. Zacks Investment Research downgraded Cabela’s from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Vetr upgraded Cabela’s from a “hold” rating to a “buy” rating and set a $57.40 price objective for the company in a report on Monday, April 25th. Credit Suisse Group AG restated a “neutral” rating and set a $38.00 price target on shares of Cabela’s in a research note on Wednesday, March 16th. MKM Partners restated a “buy” rating and set a $56.00 price target on shares of Cabela’s in a research note on Wednesday, June 29th. Finally, Forward View upgraded Cabela’s from a “speculative buy” rating to a “buy” rating in a research note on Saturday, May 7th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Cabela’s currently has a consensus rating of “Hold” and an average target price of $49.37.

The firm has a market cap of $3.59 billion and a P/E ratio of 19.92. The company has a 50-day moving average price of $50.09 and a 200-day moving average price of $47.65.

Cabela’s (NYSE:CAB) last posted its earnings results on Thursday, April 28th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The business earned $864.70 million during the quarter, compared to analysts’ expectations of $892.18 million. During the same quarter in the prior year, the firm earned $0.38 EPS. Cabela’s’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Cabela’s Inc. will post $3.19 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Quantitative Investment Management LLC boosted 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 last quarter. Sei Investments Co. boosted 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 last quarter. Liberty Mutual Group Asset Management Inc. boosted 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 last quarter. QCI Asset Management Inc. NY boosted 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 last quarter. Finally, Mutual of America Capital Management LLC boosted 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 last quarter.

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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