GameStop Corp. (NYSE:GME) released its earnings results on Tuesday. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. The business earned $1.96 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. GameStop Corp. updated its Q4 guidance to $2.23-2.38 EPS.

Shares of GameStop Corp. (NYSE:GME) traded up 2.77% during mid-day trading on Tuesday, reaching $24.11. 3,697,125 shares of the company’s stock were exchanged. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 6.36 and a beta of 1.16. GameStop Corp. has a 52-week low of $20.10 and a 52-week high of $38.23. The stock’s 50-day moving average is $24.15 and its 200-day moving average is $27.48.

Earnings History for GameStop Corp. (NYSE:GME)

In related news, EVP Michael Mauler bought 10,000 shares of GameStop Corp. stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the completion of the acquisition, the executive vice president now directly owns 120,922 shares of the company’s stock, valued at approximately $3,254,011.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Investment Management LLC boosted its position in GameStop Corp. by 33.0% in the second quarter. BlackRock Investment Management LLC now owns 307,336 shares of the company’s stock worth $8,169,000 after buying an additional 76,273 shares during the last quarter. BlackRock Fund Advisors boosted its position in GameStop Corp. by 121.9% in the second quarter. BlackRock Fund Advisors now owns 3,625,827 shares of the company’s stock worth $96,374,000 after buying an additional 1,991,782 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in GameStop Corp. by 10.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,304,775 shares of the company’s stock worth $87,841,000 after buying an additional 306,344 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in GameStop Corp. by 41.7% in the second quarter. Ameritas Investment Partners Inc. now owns 16,436 shares of the company’s stock worth $437,000 after buying an additional 4,836 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in GameStop Corp. by 27.5% in the second quarter. Advantus Capital Management Inc now owns 12,589 shares of the company’s stock worth $335,000 after buying an additional 2,713 shares during the last quarter.

GME has been the topic of a number of recent analyst reports. Piper Jaffray Cos. restated an “overweight” rating and set a $41.00 price target on shares of GameStop Corp. in a report on Monday, July 25th. Zacks Investment Research upgraded shares of GameStop Corp. from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Wednesday, July 27th. Vetr upgraded shares of GameStop Corp. from a “buy” rating to a “strong-buy” rating and set a $33.63 price target on the stock in a report on Tuesday, August 2nd. Robert W. Baird restated an “outperform” rating and set a $42.00 price target on shares of GameStop Corp. in a report on Wednesday, August 3rd. Finally, Wedbush restated a “buy” rating on shares of GameStop Corp. in a report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. GameStop Corp. presently has an average rating of “Hold” and an average price target of $31.60.

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About GameStop Corp.

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. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

5 Day Chart for NYSE:GME

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