Cabela’s Inc. (CAB) Downgraded by MKM Partners
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Cabela’s from a hold rating to a buy rating and set a $59.00 price target for the company in a report on Tuesday, July 19th. Vetr upgraded Cabela’s from a hold rating to a buy rating and set a $51.80 price objective on the stock in a report on Tuesday, June 14th. Barclays PLC downgraded Cabela’s from an overweight rating to an equal weight rating and boosted their price objective for the stock from $50.00 to $64.00 in a report on Tuesday. Credit Suisse Group AG restated a hold rating and set a $38.00 price objective on shares of Cabela’s in a report on Tuesday, July 26th. Finally, Feltl & Co. downgraded Cabela’s from a buy rating to a hold rating in a report on Monday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $53.57.
Cabela’s (NYSE:CAB) opened at 63.15 on Tuesday. The firm’s 50-day moving average is $51.62 and its 200-day moving average is $50.66. Cabela’s has a 12 month low of $33.03 and a 12 month high of $63.60. The firm has a market capitalization of $4.32 billion, a PE ratio of 23.95 and a beta of 0.96.
Cabela’s (NYSE:CAB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share 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 business earned $929.90 million during the quarter, compared to analyst estimates of $905.42 million. During the same period in the previous year, the company posted $0.56 earnings per share. Cabela’s’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Cabela’s will post $3.17 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Cabela’s by 6.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock worth $110,000 after buying an additional 128 shares in the last quarter. Carnick & Kubik LLC purchased a new position in Cabela’s during the first quarter worth approximately $129,000. LS Investment Advisors LLC increased its position in Cabela’s by 70.1% in the second quarter. LS Investment Advisors LLC now owns 2,997 shares of the company’s stock worth $150,000 after buying an additional 1,235 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Cabela’s by 2.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,440 shares of the company’s stock worth $172,000 after buying an additional 76 shares in the last quarter. Finally, WFG Advisors LP increased its position in Cabela’s by 17.3% in the second quarter. WFG Advisors LP now owns 3,641 shares of the company’s stock worth $182,000 after buying an additional 536 shares in the last quarter. 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.
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.