Cabelas Inc (CAB) Given Consensus Recommendation of “Hold” by Brokerages

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.

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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.

About Cabelas

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.

12 Month Chart for NYSE:CAB

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