Cabela’s Inc. (NYSE:CAB) shares saw unusually-high trading volume on Tuesday . Approximately 719,205 shares were traded 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 several recent analyst reports. Zacks Investment Research raised shares of Cabela’s from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Tuesday, July 19th. MKM Partners reiterated a “buy” rating and set a $56.00 target price on shares of Cabela’s in a research note on Wednesday, June 29th. Credit Suisse Group AG reiterated a “hold” rating and set a $38.00 target price on shares of Cabela’s in a research note on Tuesday, July 26th. Vetr lowered shares of Cabela’s from a “buy” rating to a “hold” rating and set a $51.80 target price for the company. in a research note on Wednesday, June 8th. Finally, Sterne Agee CRT reiterated a “hold” rating on shares of Cabela’s in a research note on Thursday, April 28th. Fourteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cabela’s presently has a consensus rating of “Hold” and an average price target of $47.89.

The stock’s 50-day moving average price is $52.03 and its 200 day moving average price is $49.09. The company has a market capitalization of $3.44 billion and a PE ratio of 19.06.

Cabela’s (NYSE:CAB) last posted its quarterly earnings data 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. The firm earned $929.90 million during the quarter, compared to the consensus estimate of $905.42 million. During the same period last year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Cabela’s Inc. will post $3.17 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently modified their holdings of the company. 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 valued at $21,269,000 after buying an additional 398,471 shares during the period. Dimensional Fund Advisors LP boosted its position 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. 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 valued at $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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