The median 12-month price target of 10 analysts covering the company is $36.00, which suggests the stock could still gain more than 20 percent. Highbridge Capital Management LLC purchased a new stake in GameStop Corp. during the fourth quarter worth approximately $5,177,000. 14,493,353 shares of the stock were exchanged, up from an avg. trading volume of 2,973,190. Grapevine, Texas-based GameStop’s second-quarter profit rose to $27.9 million or $0.27 per share from $25.3 million or $0.24 per share a year ago. TIAA CREF Investment Management LLC increased its position in shares of GameStop Corp.by 90.9% in the first quarter. GameStop Corp. The firm has a market cap of $3.00 billion and a P/E ratio of 7.61.
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Other large investors have recently bought and sold shares of the company.
GameStop Corp. has a 52-week low of $24.33 and a 52-week high of $47.62. (NYSE:GME) opened at 28.74 on Friday. The stock has recorded a twenty day Moving Average of 6.68% and the fifty day Moving Average is 1.34%.
Over the last 52 weeks Gamestop’s stock price has decreased by -31.48% from 43.43 to 29.76.
GameStop Corp. (NYSE:GME) last announced its quarterly earnings results on Thursday, August 25th. Moreover, the company reported adjusted earnings per share (EPS) of 27 cents, in-line with the analyst’s estimates. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis.
Analysts’ mean recommendation for GameStop Corp.’s (GME) stands at 2.20. “Tech Brands sales grew more than 50%, omni-channel sales increased 16%, Collectibles sales more than doubled and year-to-date, more than half of GameStop’s operating earnings have come from non-physical gaming categories”.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. (NYSE:GME) traded up 0.42% on Friday, reaching $28.86. It has a dividend yield of 5.15%.
Several executives took part in recent insider activity for the stock. Bank of America Corp. raised shares of GameStop Corp. from a neutral rating to a buy rating and set a $35.00 target price for the company in a report on Monday, July 11th. Analysts at Piper Jaffray highlighted GameStop’s second quarter earnings call as “Mixed” and attributed the top line miss to tougher comps. Finally, TheStreet raised shares of GameStop Corp. from a hold rating to a buy rating in a report on Tuesday, August 23rd. Wedbush reaffirmed a buy rating on shares of GameStop Corp.in a report on Wednesday, August 17th.
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BofA/Merrill issued their verdict on GameStop Corp. Each of the Video Game Brands segments consists of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories.
