Cabelas (NYSE:CAB) Soars to Yearly High on Rosy Outlook – CAB, DOVR, HIBB, DKS

Shares of Cabelas Inc (NYSE:CAB) moved up to new yearly high on Tuesday after the company announced it projects fiscal Q1 profit will come in over market forecasts.

The fishing, hunting and outdoors retailer’s stock hiked $6.48 or 12% to $60.38 in midday trading session.

The Sidney, Nebraska based company announced its sales are strong across most of its merchandise businesses.

Cabelas projects EPS will be 10 to 15 cents per share over the market forecasted for fiscal Q1.

FactSet analysts survey on average forecasted EPS of 47 cents, putting Cabela’s earnings forecast at 57 to 62 cents a share.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Dover Saddlery, Inc. (NASDAQ:DOVR) fell -0.77% to settle at $3.88, Hibbett Sports, Inc. (NASDAQ:HIBB) moved down -0.04% to end at $51.36 while Dicks Sporting Goods Inc (NYSE:DKS) jumped +4.90% to finish at $47.32 on Tuesday.

Cabelas Inc (NYSE:CAB) on March 12, 2013 increased +12.52% to the closing price of $60.65. The overall volume in the last trading session was 2.77 million shares. Its fifty two weeks range was $33.10 – $60.98. The total market capitalization remained at $4.25 billion.

CAB is ahead of its 52-week low with 83.23% and looking forward from its 52-week high price with 6.82%. CAB’s last month’s stock price volatility remained 3.18%. In its share capital CAB has 70.06 million outstanding shares, among them 49.16 million shares have been floated in market exchange. CAB’s stock’s institutional ownership remained 63.81% while insider ownership included 3.09%.

The stock price of CAB is moving forward from its 20 days moving average with 18.84% and remote positively from 50 days moving average with 23.82%. CAB’s current year’s earnings per share experienced an addition with 20.92% while its current quarter performance remained at 30.49%. Company’s beta coefficient included 1.32. Beta factors measure the amount of market risk associated with market trade.

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