Gaining momentum from the better-than-expected first-quarter
2013 results, shares of
) recorded a new 52-week high of $69.55 yesterday, before closing
at $68.60 and rising approximately 60% year to date.
Based on the current price, the company is 3.9% above the
Zacks Consensus average analyst price target of $66.00. Cabela's
currently trades at a forward P/E of 20.1x, nearly at par with
the peer group average of 20.0x. Additionally, the company's
long-term estimated EPS growth rate is 17%, which is healthy.
Cabela's is one company that has been performing well. On
studying its earnings surprise history, we see that the stock has
outperformed the Zacks Consensus Estimate by an average of 14.4%
in the trailing four quarters, including 18.6% for the last
The company posted first-quarter 2013 earnings of 70 cents per
share, easily surpassing the Zacks Consensus Estimate of 59 cents
and surging 75% year over year. Total revenue jumped 28.7% year
over year to $802.5 million and exceeded the Zacks Consensus
Estimate of $779 million.
Boasting a sturdy balance sheet, feasible strategy and
operating efficiencies, Cabela's offers its investors one of the
strongest growth profiles. Moreover, the company's
next-generation store format, multi-channel strategy and seasonal
product assortments enable it to focus on boosting store
productivity and sales per square foot while lowering labor
In addition, Cabela's aims to capitalize on the yet untapped
markets and has consequently, unveiled its new 'Outpost' store
format. Cabela's CLUB Visa program continues to engender strong
growth, reflecting a rise in average active accounts with
improvement in delinquencies and net charge-offs, along with
lower funding costs.
Consequently, Cabela's carries a favorable Zacks Rank #1
Stocks That Warrant a Look
Other well performing stocks in the non-food retail, wholesale
Big 5 Sporting Goods Corp
) which carries a Zacks Rank #1 (Strong Buy).
The Gap, Inc
The Buckle, Inc
), both of which carry a Zacks Rank #2 (Buy) are also worth
BIG 5 SPORTING (BGFV): Free Stock Analysis
BUCKLE INC (BKE): Free Stock Analysis Report
CABELAS INC (CAB): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
To read this article on Zacks.com click here.