) surged to attain a new 52-week high of $34.97 on Apr 26, 2013,
before closing at $34.62, up 1.1% from the previous day's
session. Shares of this Zacks Rank #3 (Hold) stock have amassed a
year-to-date return of roughly 36.4%.
Based on the current price, this video game and entertainment
software retailer is 6.9% above the Zacks Consensus average
analyst price target of $32.39. The company currently trades at a
forward P/E of 11.23x, an 8% discount to the peer group average
GameStop is well positioned to take the advantage of the
growing market for video game products and PC entertainment
software. The company's strategy is to grow through store
expansions in favorable localities, by providing the largest
title collection of video games, and by leveraging its
first-to-market distribution network to offer the latest hardware
and software releases.
GameStop has been evolving continuously and transformed as a
mixed retailer of physical and digital gaming and electronic
products. The company's ventures in digital, iDevice and gaming
tablet businesses are expected to be accretive to its
This is evident from its better-than-expected fourth-quarter
fiscal 2012 results on the back of strength witnessed across
digital and mobile businesses and gross margin improvement.
GameStop declared impressive results on Mar 28, 2013, wherein
earnings of $2.16 per share beat the Zacks Consensus Estimate of
$2.09, and rose 24.9% from $1.73 earned in the prior-year
quarter. In the last 4 quarters, the company has outpaced the
Zacks Consensus Estimate by an average of 12.1%.
Alongside, companies like
Hertz Global Holdings, Inc.
Tupperware Brands Corporation
) achieved new 52-week highs on Apr 26 of $24.31, $84.12 and
GAMESTOP CORP (GME): Free Stock Analysis
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TUPPERWARE BRND (TUP): Free Stock Analysis
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