Cabela’s Incorporated (CAB) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CAB, as the stock gained nearly 10% between Feb 5 and Feb 12.
Although this slump was obviously disappointing, the company in the retail industry has seen one positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for CAB. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
CAB currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks in the same space include Coastal Contacts Inc. (COA), ITOCHU Corporation (ITOCY) and KAR Auction Services, Inc. (KAR). While Coastal Contacts and ITOCHU sport a Zacks Rank #1 (Strong Buy), KAR Auction carries a Zacks Rank #2 (Buy).
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