GameStop stock price target cut to $18 from $23 at CFRA
GameStop stock price target cut to $18 from $23 at CFRA
Close | Chg | Chg % | |
---|---|---|---|
$12.62 | -1.53 | -10.81% | -1.53 -10.81% |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
GameStop stock price target cut to $18 from $23 at CFRA
GameStop downgraded to hold from buy at CFRA
GameStop Corp.'s stock plunged 12% in morning trade toward a 13-year low, after the video game retailer reported profit and sales that beat expectations but provided a downbeat outlook. The company reported late Wednesday fiscal fourth-quarter adjusted earnings per share of $2.02, revenue growth of 15% to $3.50 billion and same-store sales growth of 12.2%, compared with the FactSet consensus for EPS of $1.99, revenue of $3.27 billion and a same-store increase of 9.3%. For fiscal 2018, the company said it expected adjusted EPS of $3.00 to $3.35, compared with the FactSet consensus as of Feb. 28 of $3.32. Analyst Mike Hickey at Benchmark said the EPS outlook "disappointed" because a new favorable tax rate would have added about 35 cents a share to his estimate. He reiterated his sell rating while cutting his stock price target to $12. "The company's executive team is in disarray, after their CEO has sadly departed, and their articulated growth strategy on the call was non-tangible, in our view," Hickey wrote in a note to clients. The stock, which is trading at the lowest level since May 2005, has shed 30% over the past three months, while the S&P 500 has gained 2.2%.
GameStop stock price target cut to $19.00 from $22.50 at Wedbush
The former chief executive of video game retailer GameStop Corp. J. Paul Raines, has died, the company said in a statement. Raines, who was 53, took medical leave in November of 2017, after being diagnosed with cancer, according to media reports. "We are profoundly sad to learn of the passing of our friend and former chief executive officer, J. Paul Raines," said the statement. "His spirit is woven into the fabric of our company and the entire GameStop family mourns this loss."
GameStop ex-CEO J. Paul Raines dies
Videogame retailer GameStop Corp. said Friday it has terminated the employment of Chief Operating Officer Tony Bartel and executive vice president of strategic business and brand development, Michael Hogan, with immediate effect. In a regulatory filing, the company said the terminations were without cause and the executives will receive payment and benefits provided in their contracts. Shares were slightly lower premarket, but have fallen 38% in the last 12 months, while the S&P 500 has gained 13%.
GameStop says terminations were without cause
GameStop terminates COO Tony Bartel, EVP Michael Hogan with immediate effect
GameStop Corp. said late Tuesday that Michael K. Mauler has been appointed the company's new chief executive, effective immediately. Mauler will also join GameStop's board of directors, the company said in a statement. Mauler has been with GameStop for more than 16 years, and has served as executive vice president and president of the company's International business. GameStop shares were flat in late trading after ending the regular session up 3.1%. GameStop's previous CEO, J. Paul Raines, had been on medical leave.
GameStop's stock extends slide, tumbles 5.8% in premarket trade
GameStop shares are down more than 6% premarket
GameStop Corp.'s stock tumbled 3.8% in premarket trade Friday, after the gaming products retailer reported a big jump in holiday sales, but said it would take impairment charges of $350 million to $400 million related to its technology brands business. The company said the charges were primarily a result of the negative impact of a longer upgrade cycle for new mobile devices and the changes made by AT&T Inc. to the compensation structure. For the nine-week holiday period ending Dec. 30, GameStop said total rose 10.6% to $2.77 billion and comparable-store sales increased 11.8%, as U.S. same-store sales jumped 18.7%. Within gaming, new hardware sales increased 38.3%, boosted by sales of the Nintendo Switch and the launch of Microsoft Corp.'s Xbox One X, while video game accessories sales grew 33.7% and pre-owned sales declined 8.1%. Technology brands sales fell 18.6%, given the limited availability of Apple Inc.'s iPhone X and changes in AT&T's compensation structure. The company said it expects 2017 earnings per share "near the middle" of the previously provided guidance range of $3.10 to $3.40 and same-store sales growth of between 4% and 6%. The has gained 2.4% over the past three months but has lost 19% the past 12 months. The S&P 500 has rallied 22% the past year.
GameStop sees 2017 EPS 'near the middle' of previous guidance of $3.10-$.40
GameStop to take $350 mln-$400 mln impairment charge related to technology brands business
GameStop holiday-period same-store sales up 11.8%, with 13.7% growth in the U.S.
GameStop holiday-period sales up 11% to $2.77 bln
New CEO Michael Mauler discussed his plan to turn the tide yesterday.
Among the companies with shares expected to trade actively in Thursday's session are Facebook, Amazon.com, Tesla, Nvidia, Boeing and Starbucks.
U.S.-China Trade-War Crossfire Threatens Asia; Facebook’s Zuckerberg expects to testify at congressional hearing; SEC charges Wedbush in ‘pump-and-dump’ scheme; Home prices continued to rise in January.
In an era of digital downloads, what’s the company to do?
The chance he might win another tourney excites fans, weekend duffers, and TV viewers.
Here’s a selection of confirmed March events, including earnings reports and webcasts.
GameStop Corp. has fired both its chief operating officer and its executive vice president of strategic business and brand development just a few days after it named a new chief executive.
Check out the latest additions and removals.
Increasingly affordable, 4K TVs are streaming football and films into Americans’ homes with stunning quality. Here’s everything you need to know—and why it’s time to finally buy.
GameStop, Tesla, Acxiom, and Edge Therapeutics all posted new 52-week lows Thursday.
Colin Sebastian nonetheless still spots 40% in return potential for the video game retailer stock.[...]
It’s Still Not Fun and Games at GameStop Corp.
GameStop Delivers, Street Gives It Another Thumbs Down
Shares of GameStop sold off early Thursday after it released its fiscal fourth-quarter financial results late on Wednesday.
The markets closed down marginally on Wednesday, but the major indices were up on Thursday. The bull market is now over nine years old. While the trend of buying pullbacks has worked over and over, it now seems that the sellers and volatility are more influential than they have been in years. This is making [ ]
BAML issues Street-low price target on GameStop
GameStop Corp. 2017 Q4 - Results - Earnings Call Slides
GameStop's (GME) CEO Michael Mauler on Q4 2017 Results - Earnings Call Transcript
GameStop Corp. (GME) Topped Q4 Expectations
GameStop is scheduled to release its fiscal fourth-quarter results after the markets close on Wednesday.
Investors looking to speculate should consider GameStop given its P/E ratio of 4.09 and dividend yield of 10.83%.
Thinking about buying stock in Amazon.com, Gamestop Corporation, Microsoft, Micron or AT&T?
GameStop Corp. Class A to Host Earnings Call
How Generation Z is Using Blockchain to Redefine Cash
Glancy Prongay & Murray LLP Commences Investigation on Behalf of GameStop Corp. Investors (GME)
EX-Dividend Schedule: GameStop Has a Dividend Yield of 9.45%; Will Trade Ex-Dividend on March 02, 2018
GameStop Declares Quarterly Cash Dividend
Stock Review for Services Investors -- Best Buy, GameStop, Arrow Electronics, and Avnet
GameStop Names Michael K. Mauler as its New Chief Executive Officer
Today's Research Reports on Trending Tickers: GameStop Corporation and Nintendo Co., Ltd.
New Research: Key Drivers of Growth for Credit Acceptance, KLX, Thermon Group, QEP Resources, The Trade Desk, and Gamestop -- Factors of Influence, Major Initiatives and Sustained Production
Blog Exposure - GameStop Releases 2017 Holiday Sales Results
Today's Research Reports on Stocks to Watch: GameStop and Twitter
Services Stocks' Research Reports Released on GameStop, Best Buy, Arrow Electronics, and Avnet
GameStop Corp. is a global retailer of multichannel video game, pop culture collectibles, consumer electronics and wireless services. It operates as an omnichannel video game retailer, the AT&T authorized retailer, the Apple certified products reseller, Cricket WirelessTM reseller and the owner of www.thinkgeek.com, sellers of collectible pop culture themed products. The company was founded in June 2000 and is headquartered in Grapevine, TX. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Apple Inc. | $844.72B | |
Tech Data Corp. | $3.18B | |
Best Buy Co. Inc. | $20.04B | |
AT&T Inc. | $218.39B |