Today, Cabela’s Inc. (CAB) Lowered by Vetr Inc. to Sell

Today, Cabela’s Inc. (CAB) Lowered by Vetr Inc. to Sell

Cabela’s Inc. (NYSE:CAB) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Monday. They currently have a $60.48 price objective on the stock. Vetr‘s price objective indicates a potential downside of 3.15% from the company’s current price.

A number of other equities research analysts have also recently commented on CAB. Zacks Investment Research cut Cabela’s from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Feltl & Co. lowered shares of Cabela’s from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Goldman Sachs Group Inc. lowered shares of Cabela’s from a “neutral” rating to a “not rated” rating and set a $53.00 price target on the stock. in a research note on Monday, October 3rd. Barclays PLC lowered shares of Cabela’s from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $64.00 in a research note on Tuesday, October 4th. Finally, MKM Partners lowered shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Cabela’s has a consensus rating of “Hold” and an average price target of $55.86.

Cabela’s (NYSE:CAB) traded down 0.05% on Monday, hitting $62.47. The stock had a trading volume of 385,953 shares. The firm’s 50 day moving average price is $61.73 and its 200-day moving average price is $53.79. Cabela’s has a 12 month low of $38.90 and a 12 month high of $63.60. The stock has a market cap of $4.28 billion, a PE ratio of 25.61 and a beta of 0.70.

Cabela’s (NYSE:CAB) last posted its earnings results on Wednesday, October 26th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.28. Cabela’s had a net margin of 3.99% and a return on equity of 10.23%. The business had revenue of $996.50 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $0.71 earnings per share. Cabela’s’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Cabela’s will post $2.87 EPS for the current year.

Several hedge funds have recently made changes to their positions in CAB. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cabela’s during the second quarter worth about $443,000. Mason Street Advisors LLC purchased a new stake in shares of Cabela’s during the second quarter worth about $1,107,000. Northwestern Mutual Investment Management Company LLC increased its stake in shares of 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. Dimensional Fund Advisors LP increased its stake in shares of Cabela’s by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,362,741 shares of the company’s stock worth $68,212,000 after buying an additional 18,577 shares in the last quarter. Finally, HAP Trading LLC purchased a new stake in shares of Cabela’s during the second quarter worth about $1,339,000. Institutional investors and hedge funds own 72.53% of the company’s stock.

About Cabela’s

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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