The stock of Cabelas Inc (NYSE:CAB) hit a new 52-week high and has $77.33 target or 23.00% above today’s $62.87 share price. The 7 months bullish chart indicates low risk for the $4.42B company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $77.33 price target is reached, the company will be worth $1.02B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.58M shares traded hands or 698.94% up from the average. Cabelas Inc (NYSE:CAB) has risen 14.49% since February 29, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.
Analysts await Cabelas Inc (NYSE:CAB) to report earnings on October, 27. They expect $0.80 EPS, up 12.68% or $0.09 from last year’s $0.71 per share. CAB’s profit will be $56.12 million for 19.64 P/E if the $0.80 EPS becomes a reality. After $0.59 actual EPS reported by Cabelas Inc for the previous quarter, Wall Street now forecasts 35.59% EPS growth.
Cabelas Inc (NYSE:CAB) Ratings Coverage
Out of 14 analysts covering Cabela’s (NYSE:CAB), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. Cabela’s has been the topic of 21 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded Cabelas Inc (NYSE:CAB) on Thursday, October 22 to “Neutral” rating. The firm has “Speculative Buy” rating given on Monday, February 22 by Forward View. M Partners maintained Cabelas Inc (NYSE:CAB) rating on Friday, July 24. M Partners has “Buy” rating and $57 price target. On Friday, July 24 the stock rating was maintained by Northland Capital with “Outperform”. M Partners maintained Cabelas Inc (NYSE:CAB) rating on Friday, October 23. M Partners has “Buy” rating and $45 price target. The stock of Cabelas Inc (NYSE:CAB) earned “Neutral” rating by DA Davidson on Tuesday, February 16. The company was downgraded on Friday, October 23 by Northcoast. The firm earned “Mkt Perform” rating on Friday, October 23 by Raymond James. The stock of Cabelas Inc (NYSE:CAB) earned “Overweight” rating by Barclays Capital on Wednesday, November 4. The company was maintained on Thursday, September 3 by DA Davidson.
According to Zacks Investment Research, “Cabelas Inc is the nation’s largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise.”
Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.33, from 0.74 in 2016Q1. The ratio improved, as 24 funds sold all Cabelas Inc shares owned while 81 reduced positions. 23 funds bought stakes while 89 increased positions. They now own 40.87 million shares or 5.30% less from 43.16 million shares in 2016Q1.
Pacad holds 1,900 shares or 0.01% of its portfolio. Moreover, Tiaa Cref Inv Mngmt Limited Liability Corporation has 0.01% invested in Cabelas Inc (NYSE:CAB) for 256,877 shares. Perkins Ltd Liability Corporation has 235,905 shares for 0.18% of their US portfolio. Blair William And Il holds 6,066 shares or 0% of its portfolio. Bokf Na holds 0.01% or 7,839 shares in its portfolio. Envestnet Asset Mngmt last reported 0% of its portfolio in the stock. Fincl Bank Of America De accumulated 0.01% or 460,699 shares. The Texas-based Texas Permanent School Fund has invested 0.02% in Cabelas Inc (NYSE:CAB). Old Second Retail Bank Of Aurora reported 100 shares or 0% of all its holdings. Water Island Capital Limited Liability Company has 175,663 shares for 0.44% of their US portfolio. Fisher Asset Management Ltd Company holds 0.1% of its portfolio in Cabelas Inc (NYSE:CAB) for 1.01M shares. Qci Asset Mngmt Ny holds 0.06% or 8,175 shares in its portfolio. Kbc Gru Nv owns 11,720 shares or 0.01% of their US portfolio. Next Gru accumulated 255 shares or 0% of the stock. Moreover, State Street has 0.01% invested in Cabelas Inc (NYSE:CAB) for 1.44 million shares.
More notable recent Cabelas Inc (NYSE:CAB) news were published by: Reuters.com which released: “Bass Pro Shops hooks Cabela’s in $5.5 billion deal” on October 03, 2016, also Reuters.com with their article: “Exclusive: Cabela’s set to receive two binding acquisition bids-sources” published on September 29, 2016, Businesswire.com published: “Cabela’s Inc. Announces Closing of $1 Billion Securitization” on June 29, 2016. More interesting news about Cabelas Inc (NYSE:CAB) were released by: Investorplace.com and their article: “3 Stocks to Watch on Monday: Cabelas Inc (CAB), Deutsche Bank AG (USA) (DB …” published on October 03, 2016 as well as Businesswire.com‘s news article titled: “Cabela’s Inc. Announces Second Quarter 2016 Results” with publication date: July 28, 2016.
CAB Company Profile
Cabela’s Incorporated, incorporated on December 17, 2003, is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Firm offers national and regional brand products, including its Cabela’s brand. The Company’s divisions include Retail, Direct, Financial Services, and Corporate Overhead and Other. The Company’s products include merchandise and equipment for hunting, fishing, marine use and camping, along with casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings with an outdoor theme. The hunting equipment merchandise includes a range of firearms, ammunition, optics, archery products, and related accessories and supplies for hunting and sport shooting. The general outdoors merchandise category includes a range of equipment and accessories supporting outdoor activities, including fishing and tackle products; a range of boats, electronics and marine accessories and equipment; camping gear and equipment for various experience levels of outdoor enthusiasts; food preparation and outdoor cooking products; all-terrain vehicles and accessories for automobiles and all-terrain vehicles, and gifts and home furnishings. The clothing and footwear merchandise category includes fieldwear apparel and footwear, sportswear apparel and footwear, including technical gear for the active outdoor enthusiast, apparel and footwear for the casual customer, and workwear products.
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