Gamestop Corporation (GME) Given Buy Rating at Robert W. Baird

Gamestop Corporation (NYSE:GME)‘s stock had its “buy” rating restated by Robert W. Baird in a research report issued on Wednesday. They presently have a $23.00 target price on the stock. Robert W. Baird’s price target would indicate a potential upside of 32.41% from the company’s current price.

Several other brokerages also recently issued reports on GME. Bank of America Corporation reissued a “hold” rating and set a $23.00 price objective on shares of Gamestop Corporation in a research report on Wednesday. Zacks Investment Research raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Gamestop Corporation in a research report on Wednesday. Loop Capital reissued a “buy” rating and set a $28.00 price objective on shares of Gamestop Corporation in a research report on Wednesday. Finally, Benchmark Co. restated a “sell” rating and set a $15.00 target price (down previously from $18.00) on shares of Gamestop Corporation in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Gamestop Corporation currently has an average rating of “Hold” and an average target price of $23.47.

Gamestop Corporation (GME) traded up $0.64 on Wednesday, hitting $17.37. 20,142,301 shares of the company were exchanged, compared to its average volume of 2,793,773. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.34. The company has a market capitalization of $1,694.87, a P/E ratio of 4.52, a price-to-earnings-growth ratio of 0.34 and a beta of 1.24. Gamestop Corporation has a twelve month low of $15.85 and a twelve month high of $26.84.

Gamestop Corporation (NYSE:GME) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Gamestop Corporation had a net margin of 3.98% and a return on equity of 16.57%. Gamestop Corporation’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. equities analysts anticipate that Gamestop Corporation will post 3.3 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of GME. Public Employees Retirement System of Ohio increased its position in Gamestop Corporation by 74.5% during the third quarter. Public Employees Retirement System of Ohio now owns 56,271 shares of the company’s stock worth $1,163,000 after acquiring an additional 24,032 shares during the period. GSA Capital Partners LLP increased its position in Gamestop Corporation by 197.5% during the third quarter. GSA Capital Partners LLP now owns 29,388 shares of the company’s stock worth $607,000 after acquiring an additional 19,510 shares during the period. Coastline Trust Co increased its position in Gamestop Corporation by 59.5% during the third quarter. Coastline Trust Co now owns 22,360 shares of the company’s stock worth $462,000 after acquiring an additional 8,340 shares during the period. First Heartland Consultants Inc. increased its position in Gamestop Corporation by 15.9% during the third quarter. First Heartland Consultants Inc. now owns 84,896 shares of the company’s stock worth $1,754,000 after acquiring an additional 11,650 shares during the period. Finally, California Public Employees Retirement System increased its position in Gamestop Corporation by 11.3% during the third quarter. California Public Employees Retirement System now owns 538,821 shares of the company’s stock worth $11,132,000 after acquiring an additional 54,518 shares during the period.

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.

Analyst Recommendations for Gamestop Corporation (NYSE:GME)

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