Cabela’s Inc. (NYSE:CAB) was downgraded by equities research analysts at Feltl & Co. from a “buy” rating to a “hold” rating in a report released on Monday.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Cabela’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. MKM Partners reaffirmed a “buy” rating and set a $56.00 price objective on shares of Cabela’s in a research note on Tuesday, July 26th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $38.00 price objective on shares of Cabela’s in a research note on Tuesday, July 26th. Finally, Vetr raised shares of Cabela’s from a “hold” rating to a “buy” rating and set a $51.80 price objective for the company in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $51.39.
Shares of Cabela’s (NYSE:CAB) opened at 63.36 on Monday. The stock has a market capitalization of $4.34 billion, a P/E ratio of 24.03 and a beta of 0.96. The company has a 50-day moving average of $50.89 and a 200-day moving average of $50.48. Cabela’s has a 12-month low of $33.03 and a 12-month high of $63.49.
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. Equities analysts expect that Cabela’s will post $3.17 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its position in Cabela’s by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,368 shares of the company’s stock worth $419,000 after buying an additional 60 shares in the last quarter. Mason Street Advisors LLC purchased a new position in Cabela’s during the second quarter worth approximately $1,107,000. Balter Liquid Alternatives LLC purchased a new position in Cabela’s during the second quarter worth approximately $495,000. Schwab Charles Investment Management Inc. increased its position in Cabela’s by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,386 shares of the company’s stock worth $9,131,000 after buying an additional 665 shares in the last quarter. Finally, Amalgamated Bank increased its position in Cabela’s by 19.0% in the second quarter. Amalgamated Bank now owns 7,012 shares of the company’s stock worth $362,000 after buying an additional 1,118 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.
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