Analyst Sees Opportunity in Cabelas (CAB)
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Price: $68.98 -0.27%
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade CAB Now!
Yesterday Cabelas, Inc. (NYSE: CAB) reported Q4 results, topping estimates on the top and bottom line. Comps rose 12 percent.
Commenting on the news, analyst Lee J. Giordano of Imperial Capital said, "As an outdoor lifestyle leader, we believe Cabela's is well positioned for growth and market share gains with industry leading square footage growth opportunities, a more productive next generation store format, a $650mn and growing Cabela's branded business, a dominant multi-channel strategy, and a best-of-breed credit card business."
The analyst sees opportunity as the company moves forward with its retail expansion plans and extends its reach into new markets, including Canada and the southeastern U.S.
Imperial Capital has an Outperform rating on Cabela's with a price target of $60.00
For an analyst ratings summary and ratings history on Cabela's (NYSE: CAB) click here. For more ratings news on Cabela's click here.
Shares of Cabela's closed at $48.11 yesterday, with a 52 week range of $27.72-$56.78.
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Commenting on the news, analyst Lee J. Giordano of Imperial Capital said, "As an outdoor lifestyle leader, we believe Cabela's is well positioned for growth and market share gains with industry leading square footage growth opportunities, a more productive next generation store format, a $650mn and growing Cabela's branded business, a dominant multi-channel strategy, and a best-of-breed credit card business."
The analyst sees opportunity as the company moves forward with its retail expansion plans and extends its reach into new markets, including Canada and the southeastern U.S.
Imperial Capital has an Outperform rating on Cabela's with a price target of $60.00
For an analyst ratings summary and ratings history on Cabela's (NYSE: CAB) click here. For more ratings news on Cabela's click here.
Shares of Cabela's closed at $48.11 yesterday, with a 52 week range of $27.72-$56.78.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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