Cabelas Inc (NYSE:CAB) has been downgraded to Hold in a statement by Feltl & Co. earlier today.
- Updated: October 3, 2016
Feltl & Co. has downgraded Cabelas Inc (NYSE:CAB) to Hold in a statement released on 10/3/2016.
Having a price of $54.93, Cabelas Inc (NYSE:CAB) traded 14.67% higher on the day. With the last close up 25.48% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CAB has recorded a 50-day average of $50.23 and a two hundred day average of $50.20. Trade Volume was up over the average, with 11,138,066 shares of CAB changing hands over the typical 666,064
With a total market value of $0, Cabelas Inc has price-earnings ratio of 23.89 with a one year low of $33.03 and a 52 week high of $63.00 .
In addition to Feltl & Co. reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $48.50 with 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 14 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Cabelas Inc (NYSE:CAB)
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. The Retail segment sells products and services through its retail stores. The Retail segment enables customers to access and use its retail stores, Web and social media channels, and catalogs. The Direct segment sells products through its e-commerce Websites (Cabelas.com and Cabelas.ca) and direct mail catalogs. The Financial Services segment issues co-branded credit cards and provides customers with a rewards program. Its 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.
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