Gamestop Corporation (NYSE:GME)‘s stock had its “buy” rating reiterated by stock analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Tuesday, October 17th. They presently have a $25.00 price objective on the stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 40.13% from the company’s previous close.
Several other research analysts also recently weighed in on GME. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop Corporation in a research note on Tuesday, June 20th. BidaskClub downgraded Gamestop Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Gamestop Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Telsey Advisory Group downgraded Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Finally, Loop Capital restated a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $25.24.
Shares of Gamestop Corporation (GME) traded down $0.26 during trading hours on Tuesday, hitting $17.84. The stock had a trading volume of 2,806,336 shares, compared to its average volume of 1,929,807. Gamestop Corporation has a twelve month low of $18.10 and a twelve month high of $26.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.49. The stock has a market cap of $1,833.66, a P/E ratio of 4.96, a PEG ratio of 0.41 and a beta of 1.24.
Gamestop Corporation (NYSE:GME) last announced its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that Gamestop Corporation will post 3.28 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. Cubic Asset Management LLC lifted its holdings in shares of Gamestop Corporation by 0.3% in the 2nd quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock valued at $853,000 after buying an additional 125 shares during the period. Fairbanks Capital Management Inc. purchased a new position in shares of Gamestop Corporation in the 2nd quarter valued at about $3,494,000. State Treasurer State of Michigan increased its stake in shares of Gamestop Corporation by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock valued at $901,000 after purchasing an additional 300 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Gamestop Corporation by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock valued at $923,000 after purchasing an additional 300 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of Gamestop Corporation by 2.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock valued at $477,000 after purchasing an additional 391 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.
About Gamestop Corporation
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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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