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Gaining momentum from the better-than-expected first-quarter 2013 results, shares of Cabela’s Inc. (CAB - Analyst Report) 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 concluded quarter.

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 costs.

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 (Strong Buy).

Stocks That Warrant a Look

Other well performing stocks in the non-food retail, wholesale sector include Big 5 Sporting Goods Corp. (BGFV - Analyst Report) which carries a Zacks Rank #1 (Strong Buy).  The Gap, Inc. (GPS - Analyst Report) and The Buckle, Inc. (BKE - Snapshot Report), both of which carry a Zacks Rank #2 (Buy) are also worth considering.

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