Shares of leading specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise, Cabela's Inc. CAB have gained nearly 30% in the past three months. Moreover, since the company announcement of better-than-expected earnings on Feb 18, 2016, its shares gained more than 21%. Cabela's reported robust numbers in the fourth quarter of 2015 after posting dismal results for two consecutive quarters. The company’s fourth-quarter earnings of $1.26 surpassed the Zacks Consensus Estimate of $1.22 and also increased 13.5% from the prior-year quarter. Strong performance by the company’s next-generation stores continues to boost its top line. Moreover, these stores have been outperforming the company’s legacy stores in terms of both sales and profit per square foot. We remain optimistic about these next-generation store formats as they require less capital investment, enhance store productivity, and help increase sales per square foot. The Zacks Rank #2 (Buy) company has undertaken several cost-saving initiatives to improve operational performance. The cost-saving endeavors include improvement in IT process, optimum utilization of retail labor, indirect procurement, merchandise sourcing as well as retail support functions and supply chain efficiencies. During the third-quarter 2015 conference call, the company projected these efforts to lower operating expenses as a percentage of total revenue by 75–150 basis points over the next three years. The company also expects these costs-saving initiatives to enhance store productivity and to increase return on capital. In the recent past, Cabela’s unveiled that its Board of Directors is looking for strategic alternatives in order to enhance stockholders’ value. These plans may involve selling the company, optimization of capital structure, asset monetization or other operational and management endeavors. Other Stocks that Warrant a Look Some other stocks to consider in this sector include Sally Beauty Holdings Inc. SBH, ULTA Salon, Cosmetics & Fragrance, Inc. ULTA and CST Brands, Inc. CST. Both Sally Beauty Holdings and ULTA Salon, Cosmetics & Fragrance sport a Zacks Rank #1 (Strong Buy), while CST Brands holds a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CABELAS INC (CAB): Free Stock Analysis Report SALLY BEAUTY CO (SBH): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report CST BRANDS INC (CST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research