GameStop Corp. (NYSE:GME – Get Rating) – Investment analysts at Wedbush boosted their Q4 2024 EPS estimates for shares of GameStop in a research note issued on Thursday, June 2nd. Wedbush analyst M. Pachter now forecasts that the company will earn $0.32 per share for the quarter, up from their prior forecast of $0.29. Wedbush has a “Underperform” rating and a $30.00 price objective on the stock.
GameStop (NYSE:GME – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($2.08) EPS for the quarter, missing analysts’ consensus estimates of ($1.45) by ($0.63). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. GameStop had a negative return on equity of 27.61% and a negative net margin of 7.73%. GameStop’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) EPS.
GameStop stock opened at $133.70 on Monday. GameStop has a 1 year low of $77.58 and a 1 year high of $344.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.07. The company’s fifty day moving average price is $130.35 and its 200 day moving average price is $132.49. The stock has a market capitalization of $10.21 billion, a P/E ratio of -21.36 and a beta of -1.07.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in GameStop by 0.4% in the first quarter. Vanguard Group Inc. now owns 5,958,493 shares of the company’s stock valued at $992,566,000 after buying an additional 26,656 shares during the last quarter. BlackRock Inc. lifted its stake in GameStop by 0.5% in the first quarter. BlackRock Inc. now owns 5,219,873 shares of the company’s stock valued at $869,526,000 after buying an additional 25,355 shares during the last quarter. State Street Corp lifted its stake in GameStop by 1.8% in the first quarter. State Street Corp now owns 1,684,263 shares of the company’s stock valued at $280,565,000 after buying an additional 30,334 shares during the last quarter. Geode Capital Management LLC lifted its stake in GameStop by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 773,880 shares of the company’s stock valued at $114,839,000 after buying an additional 20,895 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in GameStop by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 549,188 shares of the company’s stock valued at $96,366,000 after buying an additional 50,855 shares during the last quarter. 38.25% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Alain Attal acquired 1,500 shares of the stock in a transaction dated Thursday, March 24th. The stock was acquired at an average cost of $129.91 per share, with a total value of $194,865.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Diana Saadeh-Jajeh sold 743 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $125.00, for a total value of $92,875.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
GameStop Company Profile (Get Rating)
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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