Wedbush Reiterates $25.00 Price Target for Gamestop Corporation (GME)
GME has been the subject of a number of other reports. Oppenheimer Holdings, Inc. restated a hold rating on shares of Gamestop Corporation in a research note on Friday, August 25th. Loop Capital restated a buy rating and set a $28.00 price objective on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. Robert W. Baird restated an outperform rating and set a $24.00 price objective on shares of Gamestop Corporation in a research note on Tuesday, August 29th. Zacks Investment Research cut Gamestop Corporation from a buy rating to a hold rating in a research note on Tuesday, November 7th. Finally, ValuEngine cut Gamestop Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $24.04.
Shares of Gamestop Corporation (NYSE:GME) traded up $0.13 during midday trading on Thursday, hitting $16.31. The company had a trading volume of 3,130,958 shares, compared to its average volume of 2,862,456. The company has a quick ratio of 0.49, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1,652.32, a PE ratio of 4.47, a P/E/G ratio of 0.33 and a beta of 1.24. Gamestop Corporation has a 1 year low of $15.85 and a 1 year high of $26.84.
Gamestop Corporation (NYSE:GME) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. analysts predict that Gamestop Corporation will post 3.3 EPS for the current year.
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Several hedge funds have recently made changes to their positions in GME. BlackRock Inc. increased its holdings in shares of Gamestop Corporation by 11,239.8% in the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock valued at $186,314,000 after purchasing an additional 8,189,420 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Gamestop Corporation by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after purchasing an additional 2,353,774 shares during the period. Numeric Investors LLC acquired a new position in shares of Gamestop Corporation in the second quarter valued at about $34,679,000. Balyasny Asset Management LLC increased its holdings in shares of Gamestop Corporation by 1,459.9% in the second quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock valued at $15,663,000 after purchasing an additional 678,335 shares during the period. Finally, OxFORD Asset Management LLP increased its holdings in shares of Gamestop Corporation by 3,009.1% in the third quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock valued at $8,318,000 after purchasing an additional 390,127 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.
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