Cabela’s Inc (CAB) Sees Strong Trading Volume
Cabela’s Inc (NYSE:CAB) saw unusually-high trading volume on Friday . Approximately 874,358 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 1,067,240 shares.The stock last traded at $61.00 and had previously closed at $61.06.
CAB has been the topic of a number of research analyst reports. BidaskClub downgraded Cabela’s from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Cabela’s from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Forward View restated a “buy” rating and issued a $61.50 target price on shares of Cabela’s in a research report on Tuesday, August 8th. DA Davidson restated a “neutral” rating and issued a $61.50 target price on shares of Cabela’s in a research report on Saturday, June 3rd. Finally, Northcoast Research cut Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Cabela’s has an average rating of “Hold” and an average price target of $64.14.
The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 31.60 and a beta of 0.14. The firm’s 50 day moving average price is $54.86 and its 200 day moving average price is $53.90.
Cabela’s (NYSE:CAB) last issued its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.04. The firm had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Equities analysts predict that Cabela’s Inc will post $2.58 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Investment Centers of America Inc. grew its stake in shares of Cabela’s by 0.8% during the first quarter. Investment Centers of America Inc. now owns 5,237 shares of the company’s stock valued at $278,000 after acquiring an additional 40 shares in the last quarter. Creative Planning grew its stake in Cabela’s by 0.8% in the second quarter. Creative Planning now owns 5,596 shares of the company’s stock worth $333,000 after purchasing an additional 47 shares in the last quarter. Liberty Mutual Group Asset Management Inc. grew its stake in Cabela’s by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 23,140 shares of the company’s stock worth $1,229,000 after purchasing an additional 114 shares in the last quarter. Stephens Inc. AR grew its stake in Cabela’s by 1.6% in the second quarter. Stephens Inc. AR now owns 8,639 shares of the company’s stock worth $513,000 after purchasing an additional 136 shares in the last quarter. Finally, Capstone Asset Management Co. grew its stake in Cabela’s by 4.4% in the second quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock worth $256,000 after purchasing an additional 180 shares in the last quarter. 56.43% of the stock is currently owned by institutional investors and hedge funds.
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Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.
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