GameStop Corp. (NYSE:GME)‘s stock had its “outperform” rating reiterated by equities research analysts at Robert W. Baird in a research report issued on Tuesday. They currently have a $24.00 price target on the stock. Robert W. Baird’s price target points to a potential upside of 2.17% from the stock’s current price.
Several other research firms have also recently commented on GME. Vetr upgraded GameStop Corp. from a “sell” rating to a “hold” rating and set a $25.68 price target on the stock in a research note on Thursday, December 29th. Wedbush reiterated an “outperform” rating and issued a $28.00 price target (down previously from $30.00) on shares of GameStop Corp. in a research note on Tuesday. Zacks Investment Research cut GameStop Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, November 14th. Mizuho started coverage on GameStop Corp. in a research note on Friday, December 30th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, SunTrust Banks Inc. restated a “buy” rating on shares of GameStop Corp. in a research note on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $29.34.
GameStop Corp. (NYSE:GME) opened at 23.49 on Tuesday. The stock has a market capitalization of $2.39 billion, a P/E ratio of 6.25 and a beta of 1.14. The firm has a 50 day moving average price of $25.13 and a 200 day moving average price of $26.74. GameStop Corp. has a 52 week low of $20.10 and a 52 week high of $33.72.
GameStop Corp. (NYSE:GME) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. GameStop Corp. had a return on equity of 18.74% and a net margin of 4.32%. The business had revenue of $1.96 billion for the quarter. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts predict that GameStop Corp. will post $3.69 earnings per share for the current year.
In other news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of $22.58, for a total transaction of $90,320.00. Following the completion of the sale, the director now owns 10,925 shares in the company, valued at approximately $246,686.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of GameStop Corp. by 54.8% in the third quarter. LPL Financial LLC now owns 19,888 shares of the company’s stock worth $540,000 after buying an additional 7,040 shares during the period. Credit Suisse AG increased its stake in shares of GameStop Corp. by 42.9% in the third quarter. Credit Suisse AG now owns 666,965 shares of the company’s stock worth $18,401,000 after buying an additional 200,203 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of GameStop Corp. by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 31,717 shares of the company’s stock worth $875,000 after buying an additional 15,281 shares during the period. Phocas Financial Corp. bought a new stake in shares of GameStop Corp. during the third quarter worth approximately $8,821,000. Finally, Chartwell Investment Partners LLC increased its stake in shares of GameStop Corp. by 3,534.9% in the third quarter. Chartwell Investment Partners LLC now owns 694,815 shares of the company’s stock worth $19,170,000 after buying an additional 675,700 shares during the period.
GameStop Corp. Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.