GameStop Corp. (NYSE:GME) current consensus investment analysts is to Outperform
GameStop Corp. (NYSE:GME) stock is presently standing at about $24.19 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $27.50, which suggests the stock could still rise over 12 percent. The highest analyst price target is $33.00, which implies a rally of 64 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 4 rate GME a strong buy. There are 3 equity research firms advocating a Hold and 0 consider it Sell.
Telsey Advisory Group analysts provided their view on GameStop Corp. (NYSE:GME) recently. The rating firm issued a Market Perform rating to this company in a research note released on Mar 13, 2017. Macquarie analysts disclosed their opinion on GameStop Corp. (NYSE:GME) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 13, 2017. According to a research note disclosed on Dec 29, 2016, analysts at Standpoint Research have upped their rating on these shares from Hold to Buy.
GameStop Corp. (NYSE:GME) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director SHERN STEPHANIE M sold 4,000 company shares for 90320, in a transaction on 2017-01-13. Following the transaction, the Director is left with a stake of 10,925 shares, currently valued at $264276. Meanwhile, EVP – President International Mauler Michael purchased 10,000 shares worth $269100, through a transaction dated 2016-09-15. Following the completion of the transaction, the insider is left with a stake of 120,922 shares, amounting $2925103.18. GME Director SHERN STEPHANIE M also sold 1,769 shares, at a stock price of $31.19. This transaction occurred on 2016-03-29 totals $55180. After this transaction, the insider’s stake stands at 9,507 shares, with a market value of $229974.
Executives hold 8.29 percent of the stock. Ms. Susan Y. Kim is one of the biggest insider owners in GameStop Corp. (NYSE:GME), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 4,115,873 shares which have current market value of around $99562967.87.John Paul Raines is another major inside shareholder in the company. The insider owns 727,272 shares as of 0.71%, currently worth $17592709.68. Mr. Leonard Riggio is ranked as third insider holder of the stock. This insider holds 621,084 shares with a market value around $15024021.96 as of recent close.
GameStop Corp. (NYSE:GME) Earnings Outlook
In GameStop Corp. (NYSE:GME)’s latest quarter, EPS moved to $0.49 from $0.27 in preceding quarter and revenues reached at $1,959.20M compared to $1,631.80M. Analysts had expected GameStop Corp. (NYSE:GME) to post net income of about $0.47 per share on $1,992.41M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.58 to $0.72. That is compared with the $2.40 in EPS it reported during the same period a year ago.