Cabela’s Inc. (CAB) Rating Increased to Hold at Vetr Inc.
Cabela’s Inc. (NYSE:CAB) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The brokerage presently has a $60.73 target price on the stock. Vetr‘s price target suggests a potential downside of 2.03% from the stock’s current price.
A number of other analysts have also recently commented on CAB. DA Davidson reiterated a “neutral” rating and issued a $65.50 price target on shares of Cabela’s in a research note on Tuesday, October 4th. Barclays PLC cut shares of Cabela’s from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $50.00 to $64.00 in a research note on Tuesday, October 4th. MKM Partners cut shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $77.00 price target on shares of Cabela’s in a research note on Wednesday, October 5th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $38.00 price target on shares of Cabela’s in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $54.38.
Shares of Cabela’s (NYSE:CAB) opened at 61.99 on Monday. The company has a 50-day moving average of $52.62 and a 200-day moving average of $51.03. Cabela’s has a 1-year low of $33.03 and a 1-year high of $63.60. The company has a market cap of $4.24 billion, a PE ratio of 23.51 and a beta of 0.96.
Cabela’s (NYSE:CAB) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.03. The firm earned $929.90 million during the quarter, compared to analyst estimates of $905.42 million. Cabela’s had a net margin of 4.44% and a return on equity of 11.16%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. Equities analysts forecast that Cabela’s will post $3.17 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. 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. Dynamic Technology Lab Private Ltd purchased a new position in Cabela’s during the second quarter valued at approximately $443,000. Mason Street Advisors LLC purchased a new position in Cabela’s during the second quarter valued at approximately $1,107,000. Quadrature Capital Ltd purchased a new position in Cabela’s during the first quarter valued at approximately $629,000. Finally, Motley Fool Wealth Management LLC raised its position in Cabela’s by 10.0% in the first quarter. Motley Fool Wealth Management LLC now owns 84,136 shares of the company’s stock valued at $4,097,000 after buying an additional 7,640 shares in the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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