GameStop Corp. (NYSE:GME) – Equities research analysts at BB&T Corp. boosted their Q3 2017 earnings per share estimates for shares of GameStop Corp. in a research note issued on Monday. BB&T Corp. analyst A. Chukumba now anticipates that the brokerage will earn $0.57 per share for the quarter, up from their previous forecast of $0.55.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded GameStop Corp. from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Wednesday. Piper Jaffray Cos. restated an “overweight” rating and issued a $41.00 target price on shares of GameStop Corp. in a research note on Monday. Vetr lowered GameStop Corp. from a “strong-buy” rating to a “buy” rating and set a $33.63 target price on the stock. in a research note on Monday, July 18th. Bank of America Corp. restated a “buy” rating on shares of GameStop Corp. in a research note on Sunday, July 17th. Finally, Wedbush reiterated an “outperform” rating on shares of GameStop Corp. in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. GameStop Corp. has a consensus rating of “Buy” and an average target price of $37.71.
GameStop Corp. (NYSE:GME) traded up 0.208% during trading on Wednesday, reaching $31.315. The company’s stock had a trading volume of 2,111,036 shares. The company has a market cap of $3.26 billion and a PE ratio of 8.371. The stock has a 50-day moving average price of $27.62 and a 200 day moving average price of $29.02. GameStop Corp. has a 52-week low of $24.33 and a 52-week high of $47.83.
An institutional investor recently raised its position in GameStop Corp. stock. Sei Investments Co. increased its position in shares of GameStop Corp. (NYSE:GME) by 520.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,711 shares of the company’s stock after buying an additional 36,665 shares during the period. Sei Investments Co.’s holdings in GameStop Corp. were worth $1,225,000 as of its most recent filing with the SEC.
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.
