Shares of Cabela’s Inc. (NYSE:CAB) saw unusually-high trading volume on Friday . Approximately 609,976 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 710,430 shares.The stock last traded at $53.34 and had previously closed at $54.08.

CAB has been the subject of several research reports. Vetr raised Cabela’s from a “buy” rating to a “strong-buy” rating and set a $50.94 target price for the company in a research report on Wednesday, March 23rd. TheStreet raised Cabela’s from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Goldman Sachs Group Inc. raised their target price on Cabela’s from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, April 7th. Zacks Investment Research raised Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, April 20th. Finally, Sterne Agee CRT reissued a “hold” rating on shares of Cabela’s in a report on Thursday, April 28th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.37.

The company has a market capitalization of $3.62 billion and a P/E ratio of 20.04. The stock has a 50-day moving average of $50.23 and a 200-day moving average of $47.69.

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

Other institutional investors recently made changes to their positions in the company. Meridian Investment Counsel Inc. boosted its position in shares of Cabela’s by 0.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 57,110 shares of the company’s stock worth $2,669,000 after buying an additional 400 shares in the last quarter. QCI Asset Management Inc. NY boosted its position 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of Cabela’s by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 154,508 shares of the company’s stock worth $7,220,000 after buying an additional 542 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Cabela’s by 703.0% in the fourth quarter. Wells Fargo & Company MN now owns 455,149 shares of the company’s stock worth $21,269,000 after buying an additional 398,471 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position 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 in 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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