Cabela's price target raised to $72 from $60 at Imperial Capital Imperial Capital raised its price target for Cabela's citing the company's positive analyst day and strong preannounced Q1 results. The firm maintains an Outperform rating on the stock.
Cabela's reports Q2 EPS 56c, consensus 62c Reports Q2 revenue $836.3M, consensus $852.89M. Retail store revenue increased 13.9% to $570.1 million; Direct revenue decreased 7.0% to $136.8 million; and Financial Services revenue increased 14.2% to $124.9 million. During the period, consolidated comparable store sales decreased 0.9%. Net income was $40.1 million compared to $43.5 million in the year ago quarter, and earnings per diluted share were $0.56 compared to $0.61 in the year ago quarter.