Monness Crespi & Hardt reaffirmed their buy rating on shares of Cabela’s Incorporated (NYSE: CAB) in a research note released on Friday morning. They currently have a $59.00 price target on the stock, up from their previous price target of $55.00.
“Excluding 1x items, Cabela’s reported 4Q12 EPS of $1.25. The loan loss provision decreased $0.2 million from last quarter and was neutral to 4Q EPS this year vs. a $0.02 benefit last year. Total sales increased 15.2% including +7% for financial services, +26% for retail and +2% for direct. The company’s operating margin improved 10 bps to 12.1% as 70 bps of SG&A leverage was partially offset by a 20 bps decline in merchandise margin and a lower mix of financial services revenue. A mix shift toward firearms had a negative 80 bps impact on merchandise margin. Merchandise margins improved in all categories. SG&A grew 12.6% in 4Q12 as the company invested in additional marketing spend.,” the firm’s analyst wrote.
A number of other firms have also recently commented on CAB. Analysts at Northland Capital raised their price target on shares of Cabela’s Incorporated from $60.00 to $61.00 in a research note to investors on Thursday, February 14th. They now have an outperform rating on the stock. Separately, analysts at Feltl & Co. downgraded shares of Cabela’s Incorporated from a buy rating to a hold rating in a research note to investors on Monday, February 4th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a neutral rating on shares of Cabela’s Incorporated in a research note to investors on Wednesday, January 30th. They now have a $54.00 price target on the stock.
Six analysts have rated the stock with a buy rating, one has assigned an overweight rating, and six have assigned a hold rating to the stock. Cabela’s Incorporated has an average rating of overweight and an average target price of $57.78.
Shares of Cabela’s Incorporated traded up 3.25% during mid-day trading on Friday, hitting $49.81. Cabela’s Incorporated has a 52 week low of $32.20 and a 52 week high of $56.78. The stock’s 50-day moving average is currently $48.10. The company has a market cap of $3.489 billion and a P/E ratio of 19.93.
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