The stock of Cabelas Inc (NYSE:CAB) is a huge mover today! About 9.69M shares traded hands or 1287.41% 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.
The move comes after 6 months positive chart setup for the $4.42B company. It was reported on Oct, 3 by Barchart.com. We have $81.80 PT which if reached, will make NYSE:CAB worth $1.33 billion more.
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 $56.20 million for 19.66 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. The firm has “Neutral” rating given on Friday, October 23 by Northcoast. The stock of Cabelas Inc (NYSE:CAB) has “Neutral” rating given on Tuesday, February 16 by DA Davidson. The stock has “Neutral” rating given by DA Davidson on Thursday, December 3. The stock of Cabelas Inc (NYSE:CAB) has “Outperform” rating given on Friday, July 24 by Northland Capital. The company was upgraded on Monday, February 22 by Forward View. The stock of Cabelas Inc (NYSE:CAB) has “Buy” rating given on Friday, October 23 by M Partners. Credit Suisse downgraded Cabelas Inc (NYSE:CAB) rating on Thursday, October 22. Credit Suisse has “Neutral” rating and $38 price target. The company was downgraded on Friday, October 23 by Sterne Agee CRT. DA Davidson downgraded it to “Neutral” rating and $47 target price in Wednesday, October 14 report. The stock of Cabelas Inc (NYSE:CAB) earned “Neutral” rating by Goldman Sachs on Friday, October 23.
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 2016 Q2. Its up 0.33, from 0.74 in 2016Q1. The ratio increased, 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.
Voya Investment Management Ltd last reported 17,091 shares in the company. Principal Fincl has 0.01% invested in the company for 183,554 shares. Us Bank & Trust De has 404,823 shares for 0.08% of their US portfolio. Sunbelt Inc holds 48 shares or 0% of its portfolio. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0% invested in Cabelas Inc (NYSE:CAB) for 7,500 shares. Advisory Svcs Network Ltd has invested 0.01% of its portfolio in Cabelas Inc (NYSE:CAB). Moreover, Credit Agricole S A has 0% invested in Cabelas Inc (NYSE:CAB) for 6,284 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,711 shares or 0% of all its holdings. Pentwater Cap Mgmt Ltd Partnership accumulated 0.41% or 620,000 shares. Caisse De Depot Et Placement Du Quebec reported 166,824 shares or 0.02% of all its holdings. Hsbc Plc reported 4,123 shares or 0% of all its holdings. The Pennsylvania-based Vanguard Grp Inc has invested 0.01% in Cabelas Inc (NYSE:CAB). Price T Rowe Assocs Md last reported 0% of its portfolio in the stock. Glob Thematic Prtn Limited Liability Company last reported 307,541 shares in the company. Pacad Investment Limited reported 1,900 shares or 0.01% of all its holdings.
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 Investorplace.com with their article: “3 Stocks to Watch on Monday: Cabelas Inc (CAB), Deutsche Bank AG (USA) (DB …” published on October 03, 2016, Benzinga.com published: “Stocks Hitting 52-Week Highs” on October 03, 2016. More interesting news about Cabelas Inc (NYSE:CAB) were released by: Reuters.com and their article: “Exclusive: Cabela’s set to receive two binding acquisition bids-sources” published on September 29, 2016 as well as Businesswire.com‘s news article titled: “Cabela’s Inc. Announces Closing of $1 Billion Securitization” with publication date: June 29, 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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