GameStop Corp. (GME) - NYSE
  • Fri, Jul. 22, 5:52 AM
    • Nintendo has “plenty of doubters”; short interest levels have almost tripled to a new yearly high, Markit says in a note.
    • Short interest as percentage of free float is now at 2.57%. ADR short sellers are at 3.5x levels seen a week ago.
    • Firm notes that GameStop shares, up 22% in the last month on the coattails of the Nintendo rally, haven't seen a similar rise in short demand.
    • Still, GameStop short interest as percentage of free float is 19%, down from 50.8% in December.
    | Fri, Jul. 22, 5:52 AM | 20 Comments
  • Tue, Jul. 19, 7:37 AM
  • Mon, Jul. 18, 12:41 PM
    • Like it or not the huge success of Pokémon Go is likely to unleash a huge pop in mobile games designed around augmented reality.
    • There is already an online petition asking for a similar Harry Potter Go game to be designed and many more mainstream characters are sure to start showing up in games linked to the cameras on smartphones and tablets.
    • Companies stocked with an arsenal of appealing characters that could be brought into augmented reality games include Disney (NYSE:DIS), Time Warner (NYSE:TWX), Mattel (NASDAQ:MAT), and Hasbro (NASDAQ:HAS). Movie studios (LGF, SNE, VIA, VIAB) could also benefit as AR games tied around plot lines from old movies are developed (The Godfather, Star Wars, Blade Runner, Hunger Games, etc.) and used to promote new features.
    • Many retailers and restaurant chains have already been active in trying to latch on to the Pokémon Go buzz (see What's McDonald's doing inside the Pokémon code?), while GameStop (NYSE:GME) thinks it has an angle on the collectibles and accessories side. As the retail sector works out the science of in-game marketing opportunities, even more opportunities could arise.
    • Technology firms with a stake in augmented reality include Google (GOOGL, GOOG) , Himax (NASDAQ:HIMX), Nvidia (NASDAQ:NVDA), and Intel (NASDAQ:INTC).
    • Nintendo ADRs (OTCPK:NTDOY) are up 8.6% today and have doubled in value during the week following Pokémon Go's introduction.
    | Mon, Jul. 18, 12:41 PM | 55 Comments
  • Mon, Jul. 18, 10:50 AM
    • GameStop (GME +3.8%) shoots higher after CEO Paul Raines made a morning appearance on CNBC.
    • Raines mentioned strong sales related to Pokémon Go (trading cards, etc) and the potential for new virtual reality systems to boost traffic.
    • GameStop hasn't traded over $30 since early in May.
    | Mon, Jul. 18, 10:50 AM | 2 Comments
  • Mon, Jul. 11, 9:06 AM
    • GameStop (NYSE:GME) was identified by analysts at Bank of America Merrill Lynch as a retail stock that trades with an attractive valuation in comparison to the potential earnings drivers in place.
    • GameStop trades with a forward price-to-earnings multiple of less than eight which doesn't even factor in some of the longer-term initiatives.
    • The company could also gain some incremental accessory sales from the Pokémon Go phenomenon, notes Seeking Alpha contributor Chris Katje in a fresh article.
    • Previously: Everyone's talking about Pokémon Go, Ninetendo +25% (July 11)
    • GME +2.85% premarket to $28.15.
    | Mon, Jul. 11, 9:06 AM | 1 Comment
  • Mon, Jun. 27, 9:54 AM
    • Moving nicely higher while the broader averages tumble again is GameStop (GME +2.3%) after notching an upgrade to Outperform at Telsey Advisory Group.
    • The $35 price target suggests about 40% upside from Friday's close.
    | Mon, Jun. 27, 9:54 AM
  • Tue, Jun. 21, 12:30 PM
  • Fri, May 27, 9:12 AM
    | Fri, May 27, 9:12 AM
  • Thu, May 26, 5:39 PM
    | Thu, May 26, 5:39 PM
  • Thu, May 26, 4:24 PM
    • GameStop (NYSE:GME) reports same-store sales fell 6.2% in Q1. Sales of new video game hardware fell to 29% Y/Y during the quarter.
    • Revenue mix: New video game hardware $312.9M (15.9% of total), New video game software $567.2M (28.8%), Pre-owned and value video game products $560.9M (28.5%) Video game accessories $162.7M (8.2%), Digital $42.8M (2.2%), Mobile and consumer electronics $192.6M (9.8%), Collectibles $82.3M (4.2%).
    • The company's gross profit rate rose 330 bps to 34.3% as diversification with products helped GameStop's bottom line, although the profit view for the rest of the year is below the consensus mark of analysts.
    • GameStop expects FQ2 comparable-store sales to fall between 7% and 4%. Q2 EPS of $0.23-$0.30 is seen vs. $0.31 consensus and full-year EPS of $3.90-$4.05 is forecast vs. $4.00 consensus.
    • Previously: GameStop beats by $0.05, revenue in-line (May 26)
    • GME -10.0% AH to $27.00.
    | Thu, May 26, 4:24 PM | 18 Comments
  • Thu, May 26, 4:08 PM
    • GameStop (NYSE:GME): Q1 EPS of $0.66 beats by $0.05.
    • Revenue of $1.97B (-4.4% Y/Y) in-line.
    • Press Release
    | Thu, May 26, 4:08 PM | 10 Comments
  • Wed, May 25, 5:35 PM
    | Wed, May 25, 5:35 PM | 2 Comments
  • Wed, May 18, 10:08 AM
    • Retail stocks are lower than broad market averages after Target (TGT -9.3%) sets a gloomy tone on U.S. consumer spending. There was a sense of bewilderment from Target in its release and earnings call commentary over the slowdown in sales post-Easter.
    • Wal-Mart is down an even 3% to reach a multi-month low ahead of tomorrow's earnings report.
    • Shares of Best Buy (NYSE:BBY) are 3.2% lower after the soft read from Target tilts sentiment. The electronics chain reports earnings on May 24 with analysts expecting revenue of $8.291B and EPS of $0.35 to be disclosed.
    • Other chain store stocks reeling after the Target release are Conn's (CONN -0.1%), hhgregg (HGG -2.4%), Sears Holdings (SHLD -3.1%), GameStop (GME -1.6%), Bon-Ton Stores (BONT -2.3%), Dollar Tree (DLTR -2.1%), Big Lots (BIG -2.4%), Dollar General (DG -1.5%), Citi Trends (CTRN -7.4%), and PriceSmart (PSMT -2.9%).
    • Previously: Investors edgy over retail stocks after Target disappoints (May 18)
    • Previously: Target stung by low traffic trend (May 18)
    | Wed, May 18, 10:08 AM | 5 Comments
  • Wed, May 11, 10:35 AM
    • Electronics store stocks are weaker after the merger between Office Depot (ODP -38.9%) and Staples (SPLS -16.7%) is scuttled.
    • Best Buy (BBY -3.4%), Conn's (CONN -6%), and hhgregg (HGG -4.4%) were expected to see at least a marginal impact from a consolidated ODP-SPLS on the view that stores would be closed in certain markets. All three companies still have to spill Q1 numbers which has investors edgy.
    • Also trading lower is GameStop (GME -4.1%) which may not sell office supplies but is being caught up in the general anxiety over U.S. consumer spending.
    • Previously: Responding to injunction, Office Depot and Staples call off $6.3B deal (May 10)
    | Wed, May 11, 10:35 AM | 2 Comments
  • Sat, Apr. 30, 11:08 AM
    • Retail stocks slumped yesterday after a weak read on consumer spending. Notable companies with drops of over 2% included Target (NYSE:TGT), Costco (NASDAQ:COST), Urban Outfitters (NASDAQ:URBN), and Macy's (NYSE:M). Wal-Mart (NYSE:WMT) was down 3% to cut into what's been a sizable gain this year.
    • The damage was inflicted after the personal consumption expenditures price index (ex-food/energy) gained only 0.1% in March to decelerate from February's level.
    • SA contributor George Putnam hears all the noise about soft store traffic, but still makes the case that companies with good brands, relatively strong balance sheets, and decent dividends are attractive investments.
    • A value screen of retail stocks indicates that many chain store names may be oversold due to the intense focus by investors on limp comparable-store sales growth (Y/Y) and F/X pressure - two trends seen by some analysts as reversing this year.
    • Tailored Brands (NYSE:TLRD), Gap (NYSE:GPS), Buckle (NYSE:BKE), Steinmart (NASDAQ:SMRT), American Eagle Outfitters (NYSE:AEO), Macy's (M), GameStop (NYSE:GME), and Best Buy (NYSE:BBY) all made the cut of having a forward P/E of less than 12, a dividend yield of over 2%, and a balance sheet ratio above the sector average.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR
    | Sat, Apr. 30, 11:08 AM | 25 Comments
  • Tue, Apr. 19, 5:28 PM
    • Global Payments (GPN -0.4%) has risen 1.5% after hours on news it's heading into the S&P 500, replacing GameStop (NYSE:GME).
    • The game retailer is changing places with Global Payments and heading into the MidCap 400, as Global Payments' market cap will be more reflective of the 500 after its acquisition of Heartland Payment Systems.
    • Those moves are effective after the close on Friday. In addition, Krispy Kreme Doughnuts (NYSE:KKD) is up 3.9% after hours, replacing Pinnacle Entertainment (NASDAQ:PNK) in the SmallCap 600, as Pinnacle is heading for a spinoff/merger.
    • Now read Has A Window Opened To Acquire A Great Acquirer In Global Payments? »
    | Tue, Apr. 19, 5:28 PM | 1 Comment
Company Description
GameStop Crop. operates as a multichannel video game, consumer electronics and wireless services retailer, which offers customers the most popular games, hardware and game accessories for next generation video game systems and the PC. The company sells new and pre-owned video game hardware,... More
Sector: Services
Industry: Electronics Stores
Country: United States