Gamestop has a 52 week low of $24.33 and a one-year high of $47.62 with a P/E ratio of 8. (NYSE:GME) also have significant role in eyes of active investors, firm has price to earnings growth of 0.97, which is a valuation metric for determining relative trade-off among price of a stock.
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GameStop shares were down more than 7% in after hours trading. The firm’s 50-day moving average is $30.28 and its 200 day moving average is $29.68. The company’s market capitalization is now $3.1B.
Shares of GameStop (NYSE:GME) fell more than 10% after the company reported weaker-than-expected sales in Q2, but the sell-off doesn’t really make sense in the grand scheme of things, and the company showed strength in key growth areas that actually improved the investment case, in our opinion. The difference between the actual EPS of last year’s corresponding period and the mean estimate of $0.66 comes to 19.38%. This is a decrease from the $1.76 billion in revenue that the company reported during the same time past year. Volatile revenues in the gaming business are nothing new, fluctuating year-over-year (Figure 1) depending on the release of certain titles. Finally, GameStop reiterated its previous guidance for full-year diluted earnings per share of $3.90 to $4.05, but also reduced its expectations for comparable-store sales, which are now expected to decline in the range of 4.5% to 1.5% (compared to previous guidance for comps to be in the range of negative 3% to flat as compared to 2015). The dividend will be paid on September 23, 2016, to shareholders of record as of the close of business on September 9, 2016.
Big Lots Inc. (NYSE:BIG) announced on August 25, 2016 our Board of Directors declared a quarterly cash dividend of $0.21 per common share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.60%. Pacific Crest reaffirmed a “hold” rating on shares of GameStop Corp.in a research note on Monday.
Analysts Colin Sebastian and Benjamin Gaither counseled investors to buy the stock on any pullback. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock.
Pachter reiterated his outperform rating on GameStop with a 12-month price target of 36.
GameStop Corp.is an omnichannel video game retailer.
GameStop went into the quarter, typically the year’s slowest for video games, projecting a 4 percent to 7 percent decline in sales when newer stores are excluded and they dropped a sharper 10.6 percent.
For the current quarter, the company sees same-store sales in a range of down 2% to up 1%. During the last trade, stock’s minimum price has been reached out at $31.28 while the maximum trading price moved at $32.25.
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GameStop has been diversifying from video game shops to stores dedicated to selling Apple (AAPL) products, pop-culture collectibles, and devices and services for AT&T (T).
