Cabela’s’ (CAB) Neutral Rating Reaffirmed at DA Davidson
Other equities analysts have also recently issued research reports about the stock. MKM Partners cut shares of Cabela’s from a buy rating to a neutral rating in a research note on Tuesday. Barclays PLC cut shares of Cabela’s from an overweight rating to an equal weight rating and lifted their price objective for the stock from $50.00 to $64.00 in a research note on Tuesday. Zacks Investment Research cut shares of Cabela’s from a buy rating to a hold rating in a research note on Monday, August 1st. Vetr cut shares of Cabela’s from a buy rating to a hold rating and set a $51.80 price objective on the stock. in a research note on Wednesday, June 8th. Finally, Credit Suisse Group AG reaffirmed a hold rating and issued a $38.00 price objective on shares of Cabela’s in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $51.39.
Cabela’s (NYSE:CAB) opened at 63.36 on Tuesday. The company has a 50 day moving average price of $50.89 and a 200 day moving average price of $50.48. Cabela’s has a 52-week low of $33.03 and a 52-week high of $63.49. The firm has a market capitalization of $4.34 billion, a P/E ratio of 24.03 and a beta of 0.96.
Cabela’s (NYSE:CAB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business earned $929.90 million during the quarter, compared to analyst estimates of $905.42 million. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities analysts forecast that Cabela’s will post $3.17 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC boosted its stake in Cabela’s by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,368 shares of the company’s stock worth $419,000 after buying an additional 60 shares during the period. Mason Street Advisors LLC acquired a new stake in Cabela’s during the second quarter worth about $1,107,000. Balter Liquid Alternatives LLC acquired a new stake in Cabela’s during the second quarter worth about $495,000. Schwab Charles Investment Management Inc. boosted its stake in Cabela’s by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,386 shares of the company’s stock worth $9,131,000 after buying an additional 665 shares during the period. Finally, Amalgamated Bank boosted its stake in Cabela’s by 19.0% in the second quarter. Amalgamated Bank now owns 7,012 shares of the company’s stock worth $362,000 after buying an additional 1,118 shares during the period. Hedge funds and other institutional investors own 71.37% of the company’s stock.
Cabela’s Company Profile
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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