Cabela’s Inc. (NYSE:CAB)‘s stock had its “buy” rating reiterated by stock analysts at MKM Partners in a report issued on Tuesday. They currently have a $56.00 target price on the stock. MKM Partners’ price target points to a potential upside of 3.78% from the company’s current price.
Several hedge funds and institutional investors have recently bought and sold shares of CAB. BlackRock Advisors LLC increased its position in Cabela’s by 8.6% in the fourth quarter. BlackRock Advisors LLC now owns 241,517 shares of the company’s stock worth $11,286,000 after buying an additional 19,120 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Cabela’s by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,143,412 shares of the company’s stock valued at $53,431,000 after buying an additional 162,534 shares during the last quarter. Dean Investment Associates LLC bought a new stake in Cabela’s during the fourth quarter valued at $2,517,000. Meridian Investment Counsel Inc. raised its stake in Cabela’s by 0.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 57,110 shares of the company’s stock valued at $2,669,000 after buying an additional 400 shares during the last quarter. Finally, QCI Asset Management Inc. NY raised its stake in Cabela’s by 135,760.0% in the fourth quarter. QCI Asset Management Inc. NY now owns 33,965 shares of the company’s stock valued at $1,587,000 after buying an additional 33,940 shares during the last quarter.
CAB has been the topic of a number of other research reports. Vetr upgraded shares of Cabela’s from a “buy” rating to a “strong-buy” rating and set a $57.40 price target on the stock in a research note on Monday, May 9th. Goldman Sachs Group Inc. upped their price target on shares of Cabela’s from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, April 7th. Zacks Investment Research lowered Cabela’s from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. TheStreet raised Cabela’s from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of Cabela’s in a research report on Monday, May 16th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cabela’s presently has a consensus rating of “Hold” and a consensus target price of $47.89.
Cabela’s (NYSE:CAB) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. During the same quarter in the previous year, the firm earned $0.38 EPS. The firm earned $864.70 million during the quarter, compared to the consensus estimate of $892.18 million. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Cabela’s will post $3.19 EPS for the current year.
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.
