Shares of Cabelas Inc (NYSE:CAB) have been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the company. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.50.
A number of research analysts have commented on CAB shares. Stifel Nicolaus boosted their target price on Cabelas from $51.00 to $59.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Cabelas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 1st. Vetr downgraded Cabelas from a “strong-buy” rating to a “buy” rating and set a $60.00 price target for the company. in a research note on Monday, April 17th. Forward View set a $60.00 price target on Cabelas and gave the stock a “buy” rating in a research note on Sunday, February 19th. Finally, Northcoast Research reiterated a “buy” rating on shares of Cabelas in a research note on Thursday, March 2nd.
Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Cabelas during the fourth quarter valued at approximately $8,138,000. Guggenheim Capital LLC boosted its position in Cabelas by 85.3% in the fourth quarter. Guggenheim Capital LLC now owns 50,150 shares of the company’s stock valued at $2,936,000 after buying an additional 23,090 shares during the period. Norges Bank purchased a new position in Cabelas during the fourth quarter valued at approximately $20,509,000. Ursa Fund Management LLC purchased a new position in Cabelas during the fourth quarter valued at approximately $293,000. Finally, Prudential Financial Inc. boosted its position in Cabelas by 3.5% in the third quarter. Prudential Financial Inc. now owns 30,663 shares of the company’s stock valued at $1,684,000 after buying an additional 1,030 shares during the period. 72.34% of the stock is owned by hedge funds and other institutional investors.
WARNING: “Cabelas Inc (CAB) Given Consensus Recommendation of “Hold” by Brokerages” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.themarketsdaily.com/2017/05/20/cabelas-inc-cab-receives-consensus-recommendation-of-hold-from-brokerages-updated-updated.html.
Cabelas (NYSE:CAB) traded down 1.05% during trading on Tuesday, hitting $52.77. The stock had a trading volume of 655,944 shares. The firm’s 50 day moving average is $54.89 and its 200 day moving average is $55.42. Cabelas has a 1-year low of $45.00 and a 1-year high of $63.60. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 25.39 and a beta of 0.66.
Cabelas (NYSE:CAB) last issued its earnings results on Thursday, May 4th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Cabelas had a return on equity of 10.23% and a net margin of 3.99%. The firm had revenue of $834.90 million for the quarter, compared to the consensus estimate of $848.09 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Cabelas will post $2.77 earnings per share for the current year.
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.
Receive News & Ratings for Cabelas Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabelas Inc and related companies with MarketBeat.com's FREE daily email newsletter.