Cabela’s (NYSE:CAB) Share Price May Be About to Change Direction; Sun Trust Rbsn Humphrey Downgrades Them


Cabela’s (NYSE:CAB) Receives a Downgrade

Shares of Cabela’s (NYSE:CAB) were cut to a Neutral by stock research analysts at Sun Trust Rbsn Humphrey. CAB’s rating of a Buy has been discontinued.

From a total of 14 analysts covering Cabela’s (NYSE:CAB) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 12 a ”Hold”. This means that 24% of the ratings are positive. The highest target price is $64 while the lowest target price is $36. The mean of all analyst targets is $49 with a 8.47% above today’s ($46.75) stock price. Cabela’s was the topic of 17 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. DA Davidson maintained shares on December 3 with “Neutral” rating. Credit Suisse downgraded shares to “Neutral” rating and $38 target share price in a report from an October 22. Barclays Capital initiated CAB stock in a recent report from November 4 with “Overweight” rating. Northland Capital maintained the rating on July 24. Northland Capital has a “Outperform” rating and a $55 price target on shares. Finally, Raymond James downgraded the stock to “Mkt Perform” rating in a report issued on an October 23.

Approximately 232,943 shares of stock traded hands. Cabelas Inc (NYSE:CAB) has declined 9.38% since May 13, 2015 and is downtrending. It has underperformed by 6.76% the S&P500.

The overall sentiment of institutions has increased to 1.31 in Q2 2015. Its up 0.15, from 1.16 in 2015Q2. The ratio improved, as 52 institutions have sold all the shares of Cabelas Inc that they owned while 61 funds have taken shares off the table. 36 funds have purchased shares for the first time while 112 added to their positions. These institutions now hold 70.26 million shares or 27.74% more than the 55.00 million shares they owned in 2015Q2.

The Fund Mccarthy Capital Corp currently is holding shares equating to 100% of its total portfolio in Cabelas Inc representing a total of 1.51 million shares. Another fund,Hirzel Capital Management Llc, is holding a total of 1.47 million shares equating to 9.56% of their holdings. Additionally, Matthew 25 Management Corp has a 925,000 share stake in Cabelas Inc which represents 7.72% of their total portfolio. The Fund, Cooper Creek Partners Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 5.84% of their total portfolio. Finally Beddow Capital Management Inc, a fund which is based in the state of California reported a total holdings of 281,620 shares.

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The company has a market cap of $3.30 billion. The Firm operates under the following divisions: Retail, Direct, Financial Services, and Corporate Overhead and Other. It has 17.66 P/E ratio. The Retail Business segment enables clients to access and use its retail stores, Web and social media channels, and catalogs.

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.”