Cabelas Inc (NYSE:CAB) was upgraded by equities research analysts at Forward View from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports.

A number of large investors have added to or reduced their stakes in the company. Saturna Capital boosted its stake in Cabelas by 18.2% in the third quarter. Saturna Capital now owns 7,853 shares of the company’s stock valued at $358,000 after buying an additional 1,211 shares during the last quarter. Saddle Road Partners acquired a new stake in Cabelas during the fourth quarter valued at $467,000. Finally, KBC Group acquired a new stake in Cabelas during the third quarter valued at $554,000.

A number of other brokerages also recently weighed in on CAB. DA Davidson downgraded Cabelas from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $54.00 to $47.00 in a research report on Wednesday, October 14th. They noted that the move was a valuation call. SunTrust lowered their price target on Cabelas from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Stephens downgraded Cabelas from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 22nd. Sterne Agee CRT reissued a “buy” rating and set a $58.00 price target on shares of Cabelas in a research report on Sunday, October 18th. Finally, Raymond James downgraded Cabelas from an “outperform” rating to a “market perform” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.77.

Shares of Cabelas (NYSE:CAB) opened at 41.28 on Wednesday. The firm has a market capitalization of $2.86 billion and a PE ratio of 15.63. Cabelas has a 12-month low of $33.03 and a 12-month high of $58.90. The company’s 50-day moving average price is $45.87 and its 200-day moving average price is $45.15.

Cabelas (NYSE:CAB) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.02. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business earned $928.50 million during the quarter, compared to analysts’ expectations of $971.69 million. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts anticipate that Cabelas will post $2.87 EPS for the current year.

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company operates under the following segments: Retail, Direct, Financial Services, and Corporate Overhead and Other. The Retail Business segment enables customers to access and use its retail stores, Web and social media channels, and catalogs. The Direct Business segment sells products through its e-commerce Websites and direct mail catalogs. The Financial Services Business segment provides customers with a rewards program. The Company’s products include merchandise and equipment for hunting, fishing, marine use, and camping along with casual and outdoor apparel and footwear, optics, wildlife and land management products and services, vehicle accessories, and gifts and home furnishings, among others.

12 Month Chart for NYSE:CAB

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