Goldman Sachs Group Inc. downgraded shares of Cabela’s Inc. (NYSE:CAB) from a neutral rating to a not rated rating in a research report report published on Monday morning, StockTargetPrices.com reports. The brokerage currently has $53.00 target price on the stock.
Several other research firms also recently weighed in on CAB. Zacks Investment Research upgraded shares of Cabela’s from a hold rating to a buy rating and set a $59.00 price target for the company in a research report on Tuesday, July 19th. Credit Suisse Group AG restated a hold rating and set a $38.00 price target on shares of Cabela’s in a research report on Tuesday, July 26th. Vetr upgraded shares of Cabela’s from a hold rating to a buy rating and set a $51.80 price target for the company in a research report on Tuesday, June 14th. Feltl & Co. downgraded shares of Cabela’s from a buy rating to a hold rating in a research report on Monday. Finally, MKM Partners restated a buy rating and set a $56.00 price target on shares of Cabela’s in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. Cabela’s presently has a consensus rating of Hold and a consensus price target of $53.57.
Cabela’s (NYSE:CAB) opened at 63.15 on Monday. The stock has a 50 day moving average price of $51.62 and a 200 day moving average price of $50.66. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 23.95 and a beta of 0.96. Cabela’s has a 12 month low of $33.03 and a 12 month high of $63.60.
Cabela’s (NYSE:CAB) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.03. Cabela’s had a return on equity of 11.16% and a net margin of 4.44%. The company had revenue of $929.90 million for the quarter, compared to analyst estimates of $905.42 million. During the same quarter last year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts anticipate that Cabela’s will post $3.17 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Elliott Management Corp boosted 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 worth $294,404,000 after buying an additional 1,881,496 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cabela’s during the second quarter worth $443,000. Mason Street Advisors LLC bought a new position in Cabela’s during the second quarter worth $1,107,000. Quadrature Capital Ltd bought a new position in Cabela’s during the first quarter worth $629,000. Finally, Motley Fool Wealth Management LLC boosted 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 worth $4,097,000 after buying an additional 7,640 shares during the last quarter. 71.37% of the stock is 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.
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