Economy

Gamestop Corporation's (NYSE:GME) Outperform Rating Reaffirmed at Robert W. Baird

Gamestop Corporation's (NYSE:GME) Outperform Rating Reaffirmed at Robert W. Baird”

They now have a United States dollars 28 price target on the stock. The stock had a trading volume of 621,789 shares. Shares of CARS have uptrended 3.59% in the past three months, while the S&P 500 has moved 1.63% in that time. It has outperformed by 43.41% the S&P500.

American International Group Inc decreased Gamestop Corp Class A (GME) stake by 97.5% reported in 2016Q4 SEC filing. The company has market cap of $2.01 billion. 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. Its down 5.95% from 27.98M shares previously. National Bank & Trust Of America De owns 1.25M shares or 0.01% of their USA portfolio. It also reduced Capella Education Company (NASDAQ:CPLA) stake by 9,954 shares and now owns 30,281 shares.

The collective rating of 2 for Cars.com Inc. Euclidean Technologies Management Llc, a New York-based fund reported 83,703 shares.

The stock increased 0.30% or $0.06 during the last trading session, reaching $20.08. About 216,878 shares traded.

GameStop Corp. (GME) pulled off a 1.72 percent gain and now trades for $19.53.

Shares of Gamestop Corporation (GME) opened at 20.08 on Friday. Oppenheimer Holdings expert B. Nagel expects that The corporation to post earnings of $3.31 for a share for the year, below the prior estimate of $3.32. GME's profit will be $43.47M for 11.67 P/E if the $0.43 EPS becomes a reality. Analysts anticipate that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.

03/24/2017 - Gamestop Corporation had its "outperform" rating reiterated by analysts at Wedbush. BidaskClub downgraded shares of Gamestop Corporation from a "hold" rating to a "sell" rating in a report on Tuesday, July 25th. The lowest target is $20.67 while the high is $35.0. Gamestop Corp New now has $2.03 billion valuation. (NYSE:GME) has "Sell" rating given on Wednesday, November 2 by Benchmark. Telsey Advisory maintained the stock with "Outperform" rating in Thursday, November 3 report. The company was initiated on Wednesday, December 7 by Loop Capital. Citigroup maintained it with "Buy" rating and $142 target in Friday, September 25 report.

12/29/2016 - Gamestop Corporation was upgraded to "buy" by analysts at Standpoint Research. On Monday, October 26 the stock rating was downgraded by Piper Jaffray to "Neutral". Its sales stood at -2.10% a year on average in the period of last five years. 993.29 million shares or 0.55% less from 998.81 million shares in 2016Q3 were reported. Two brokerage firms recommended the company shares with a sell recommendation, eleven have issued a hold recommendation and six has issued a buy recommendation to the share. Therefore 33% are positive. Toro has $87 highest and $56 lowest target. Vetr's target price would indicate a potential upside of 66.18% from the stock's previous close.

GME has been the topic of several analyst reports. The firm has "Buy" rating given on Friday, March 31 by Cleveland. The stock of Yandex NV (NASDAQ:YNDX) earned "Hold" rating by Zacks on Tuesday, August 4. The firm has "Overweight" rating given on Thursday, March 23 by Barclays Capital. The firm has "Neutral" rating by Sidoti given on Friday, June 10. The firm earned "Hold" rating on Friday, August 25 by Seaport Global. The stock of Toro Co (NYSE:TTC) has "Buy" rating given on Friday, February 24 by Dougherty & Company.

Schroder Investment Management Group cut its position in shares of Gamestop Corporation (NYSE:GME) by 38.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The rating was maintained by Canaccord Genuity on Wednesday, March 23 with "Hold". SPRUNK ERIC D sold $111 worth of Nike Inc (NYSE:NKE) on Tuesday, April 4.

Investors sentiment increased to 0.97 in 2016 Q4. GME comes in with a P/S ratio of 0.22 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.33) and its peers (84.64).

A number of hedge funds and other institutional investors have recently modified their holdings of GME. Nationwide Fund Advisors holds 0.06% of its portfolio in Toro Co (NYSE:TTC) for 277,102 shares. Capstone Inv Limited Liability Com stated it has 8,616 shares. Morgan Stanley invested in 0.01% or 814,543 shares. Exane Derivatives stated it has 0% of its portfolio in GameStop Corp. 27,229 are held by Regions. Pinnacle Financial holds 0.11% or 20,563 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested in 0.1% or 36,200 shares.



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