Cabela’s Inc. (CAB) Rating Reiterated by Goldman Sachs Group Inc.
Cabela’s Inc. (NYSE:CAB)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs Group Inc. in a research note issued on Wednesday. They presently have a $77.00 target price on the stock. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 21.53% from the company’s current price.
A number of other equities research analysts have also commented on the stock. DA Davidson reiterated a “neutral” rating and set a $65.50 price target on shares of Cabela’s in a report on Tuesday. MKM Partners lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Tuesday. Barclays PLC lowered shares of Cabela’s from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $50.00 to $64.00 in a report on Tuesday. Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a report on Monday. Finally, Zacks Investment Research lowered shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.57.
Cabela’s (NYSE:CAB) opened at 63.36 on Wednesday. The firm has a market capitalization of $4.34 billion, a PE ratio of 24.03 and a beta of 0.96. The stock’s 50 day moving average is $50.89 and its 200-day moving average is $50.48. Cabela’s has a one year low of $33.03 and a one year high of $63.49.
Cabela’s (NYSE:CAB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. The firm had revenue of $929.90 million for the quarter, compared to the consensus estimate of $905.42 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Cabela’s will post $3.17 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CAB. Elliott Management Corp increased its stake in shares of Cabela’s by 45.2% in the first quarter. Elliott Management Corp now owns 6,046,496 shares of the company’s stock valued at $294,404,000 after buying an additional 1,881,496 shares during the period. Pentwater Capital Management LP bought a new stake in shares of Cabela’s during the second quarter worth about $31,037,000. Governors Lane LP bought a new stake in shares of Cabela’s during the second quarter worth about $8,560,000. Emerald Acquisition Ltd. bought a new stake in shares of Cabela’s during the second quarter worth about $8,102,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Cabela’s during the second quarter worth about $6,764,000. 71.37% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Cabela's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabela's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.