Gamestop Corporation (NYSE: GME) has recently received a number of price target changes and ratings updates:

  • 11/17/2017 – Gamestop Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $16.58 price target on the stock.
  • 11/16/2017 – Gamestop Corporation was given a new $25.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 11/13/2017 – Gamestop Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “GameStop has underperformed the industry in the past three months due to decline in the bottom line over the past quarters. In second-quarter fiscal 2017, the company not only missed the Zacks Consensus Estimate but also witnessed 44.4% decline in earnings. Management continues to expect earnings for fiscal 2017 in the range of $3.10-$3.40 per share, compared with fiscal 2016 earnings of $3.77.  However, the top line continues to improve year over year. The company sales were driven by robust demand for Nintendo Switch and Collectibles as well as strong International sales. Moreover, gains in both Technology Brands and Collectibles continue to bode well. Further, it expects to enhance collectibles business to approximately $650-$700 million during fiscal 2017 and anticipates becoming a $1 billion business by the end of fiscal 2019. In the third quarter, Collectibles sales are forecasted to increase by 30-40%.”
  • 11/7/2017 – Gamestop Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Though GameStop shares have underperformed the industry in the past three months, the trend is likely to reverse in the near term owing to robust demand for Nintendo Switch and Collectibles as well as strong International sales. Moreover, gains in both Technology Brands and Collectibles continue to bode well. Further, it expects to enhance collectibles business to approximately $650-$700 million during fiscal 2017 and anticipates becoming a $1 billion business by the end of fiscal 2019. In the third quarter, Collectibles sales are forecasted to increase by 30-40%. However, stiff competition, aggressive promotional strategies and waning store traffic are the headwinds with which the retail sector is grappling, and GameStop is not immune to it. Moreover, GameStop’s basic concern is the weakness prevailing in new software sales, which is heightening apprehensions about the impact of digital downloads on the same.”
  • 10/25/2017 – Gamestop Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Though GameStop shares have underperformed the industry in the past three months, the trend is likely to reverse in the near term owing to robust demand for Nintendo Switch and Collectibles as well as strong International sales. Moreover, gains in both Technology Brands and Collectibles continue to bode well. Further, it expects to enhance collectibles business to approximately $650-$700 million during fiscal 2017 and anticipates becoming a $1 billion business by the end of fiscal 2019. In the third quarter, Collectibles sales are forecasted to increase by 30-40%. However, stiff competition, aggressive promotional strategies and waning store traffic are the headwinds with which the retail sector is grappling, and GameStop is not immune to it. Moreover, GameStop’s basic concern is the weakness prevailing in new software sales, which is heightening apprehensions about the impact of digital downloads on the same.”
  • 10/17/2017 – Gamestop Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $25.00 price target on the stock.
  • 10/2/2017 – Gamestop Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – Gamestop Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $24.00 price target on the stock.

Shares of Gamestop Corporation (NYSE:GME) opened at $16.44 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.34. Gamestop Corporation has a 52 week low of $15.85 and a 52 week high of $26.84. The company has a market capitalization of $1,630.00, a price-to-earnings ratio of 4.47, a P/E/G ratio of 0.33 and a beta of 1.24.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. analysts anticipate that Gamestop Corporation will post 3.3 EPS for the current year.

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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