Cabela’s Inc. (NYSE:CAB) shares saw strong trading volume on Friday . 609,976 shares changed hands during 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.

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

The firm has a market capitalization of $3.62 billion and a P/E ratio of 20.04. The company’s 50 day moving average is $50.37 and its 200 day moving average is $47.74.

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

Several hedge funds and institutional investors have made changes to their positions in CAB. Russell Frank Co boosted its position in shares of Cabela’s by 23.5% in the fourth quarter. Russell Frank Co now owns 249,703 shares of the company’s stock valued at $11,647,000 after buying an additional 47,586 shares in the last quarter. Sei Investments Co. raised its stake in Cabela’s by 1.2% in the fourth quarter. Sei Investments Co. now owns 31,754 shares of the company’s stock valued at $1,484,000 after buying an additional 368 shares in the last quarter. First Trust Advisors LP raised its stake in Cabela’s by 9.2% in the fourth quarter. First Trust Advisors LP now owns 339,274 shares of the company’s stock valued at $15,854,000 after buying an additional 28,494 shares in the last quarter. Rhumbline Advisers raised its stake in Cabela’s by 2.7% in the fourth quarter. Rhumbline Advisers now owns 71,760 shares of the company’s stock valued at $3,353,000 after buying an additional 1,860 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Cabela’s by 3.8% in the fourth quarter. California Public Employees Retirement System now owns 180,100 shares of the company’s stock valued at $8,416,000 after buying an additional 6,600 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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