Cabela's Incorporated (CAB) saw a big move last session, as the company’s shares fell by nearly 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session.
This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $56.36 to $59.72 in the past one-month time frame.
The largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CAB currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the retail miscellaneous division sector include Barnes & Noble, Inc. (BKS), Office Depot, Inc. (ODP) and Bed Bath & Beyond Inc. (BBBY). While Barnes & Noble and Office Depot carry a Zacks Rank #1 (Strong Buy), Bed Bath & Beyond holds a Zacks Rank #2 (Buy).
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