Cabela’s Inc. (CAB) Downgraded by Feltl & Co.
CAB has been the topic of a number of other reports. MKM Partners reaffirmed a buy rating and issued a $56.00 price objective on shares of Cabela’s in a research note on Tuesday, July 26th. Zacks Investment Research cut shares of Cabela’s from a hold rating to a sell rating in a research report on Tuesday, September 27th. Vetr cut shares of Cabela’s from a buy rating to a hold rating and set a $51.80 price target on the stock. in a research report on Wednesday, June 8th. Finally, Credit Suisse Group AG reissued a hold rating and set a $38.00 price target on shares of Cabela’s in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. Cabela’s currently has an average rating of Hold and an average price target of $53.57.
Shares of Cabela’s (NYSE:CAB) opened at 63.38 on Monday. Cabela’s has a one year low of $33.03 and a one year high of $63.60. The company has a market capitalization of $4.34 billion, a PE ratio of 24.03 and a beta of 0.96. The company has a 50-day moving average of $51.25 and a 200-day moving average of $50.57.
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 analysts’ consensus estimates of $0.62 by $0.03. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. The business earned $929.90 million during the quarter, compared to the consensus estimate of $905.42 million. During the same period in the previous year, the business posted $0.56 earnings per share. Cabela’s’s revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Cabela’s will post $3.17 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seven Eight Capital LLC purchased a new position in Cabela’s during the first quarter valued at $222,000. Elliott Management Corp raised its position in 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 in the last quarter. A.R.T. Advisors LLC purchased a new position in Cabela’s during the first quarter valued at $2,427,000. Geode Capital Management LLC raised its position in Cabela’s by 2.3% in the first quarter. Geode Capital Management LLC now owns 298,147 shares of the company’s stock valued at $14,516,000 after buying an additional 6,724 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Cabela’s during the first quarter valued at $629,000. 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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