Cabela’s Inc. (CAB) Sees Large Volume Increase
Shares of Cabela’s Inc. (NYSE:CAB) saw unusually-high trading volume on Tuesday . Approximately 719,205 shares traded hands during mid-day trading, an increase of 26% from the previous session’s volume of 571,296 shares.The stock last traded at $51.24 and had previously closed at $51.43.
CAB has been the topic of a number of recent research reports. Vetr cut shares of Cabela’s from a “buy” rating to a “hold” rating and set a $50.94 target price on the stock. in a report on Tuesday, April 19th. Zacks Investment Research raised shares of Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, April 20th. Sterne Agee CRT reissued a “hold” rating on shares of Cabela’s in a report on Thursday, April 28th. Forward View raised shares of Cabela’s from a “speculative buy” rating to a “buy” rating in a report on Saturday, May 7th. Finally, TheStreet cut shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Fourteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.89.
The firm has a market cap of $3.49 billion and a PE ratio of 19.31. The stock has a 50-day moving average of $51.94 and a 200-day moving average of $49.08.
Cabela’s (NYSE:CAB) last issued its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.03. During the same quarter in the prior year, the business posted $0.56 EPS. The firm had revenue of $929.90 million for the quarter, compared to analyst estimates of $905.42 million. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Cabela’s Inc. will post $3.17 EPS for the current year.
Several hedge funds have modified their holdings of CAB. 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 valued at $1,591,000 after buying an additional 906 shares during the period. Dean Investment Associates LLC acquired a new stake in shares of Cabela’s during the fourth quarter valued at $2,517,000. Wells Fargo & Company MN raised its stake 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 valued at $21,269,000 after buying an additional 398,471 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cabela’s by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,143,412 shares of the company’s stock valued at $53,431,000 after buying an additional 162,534 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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