GameStop Corp.
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Range $11.5 – $25
Price Chart
About the company
GameStop Corp. operates as a prominent specialty retailer, providing a diverse array of gaming and entertainment products to customers across the United States, Canada, Australia, and Europe, both through its online platforms and physical store locations. The company's merchandise includes new and pre-owned video game consoles, a wide selection of accessories such as controllers, gaming headsets, virtual reality equipment, and memory cards, as well as new and used gaming software.
- CEO
- Ryan Cohen
- IPO
- 2002
- Employees
- 4,000
- HQ
- Grapevine, TX, US
AI snapshot
Six angles, distilled from the data.
The stock is in a constructive multi-month uptrend and still trades above its 200-day and 50-day moving averages. It sits near the upper end of its 52-week range, which keeps the regime bullish but also leaves less room for error after the recent run.
Street sentiment stays cautious: the consensus is Hold, while the average target at $18.25 sits well below the current share price. The latest change was Morgan Stanley’s upgrade to Overweight in August 2026, but the broader target history still reflects a skeptical long-term view.
The earnings backdrop is solid, with GameStop beating EPS in 6 of the last 7 reported quarters. Next-quarter estimates are modest, and shareholders should watch whether profitability holds while revenue remains under pressure, since full-year revenue growth is still negative.
Insider activity leans supportive, driven by heavy open-market buying from Ryan Cohen across multiple dates and additional purchases from directors Nat Turner, Alain Attal, and James Grube. A few sales from officers Moore and Robinson look small beside the buying, so the pattern favors accumulation rather than distribution.
Profitability is strong for a specialty retailer, with a 37.9% gross margin, 19.98% operating margin, and 25.16% net margin. Cash generation is also healthy, with $632.3 million in free cash flow and $4.65 billion in net cash, even as revenue fell 18.7% year over year.
GameStop’s balance sheet is stronger than many specialty retail peers thanks to net cash and positive free cash flow. The stock still trades at a richer multiple than the market typically assigns to slow-growth retail, so the setup depends on sustained execution more than cheap valuation.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $12.79B
- P/E
- 12.86
- Fwd P/E
- 17.19
- PEG
- 0.09
- P/S
- 3.64
- P/B
- 1.87
- EV/EBITDA
- 11.54
- Div Yield
- 0.00%
- Gross Margin
- 37.89%
- Op Margin
- 13.79%
- Net Margin
- 25.16%
- ROE
- 15.72%
- ROIC
- 3.81%
Latest fiscal year · YoY change
- Revenue
- $3.63B-5.1%
- Gross Profit
- $1.18B+5.6%
- Op Income
- $285.90M
- Net Income
- $418.40M+218.7%
- EPS
- $0.93+181.8%
- OCF Growth
- +322.0%
- FCF Growth
- +360.9%
- 52W High
- $28.30
- 52W Low
- $17.79
- 50D MA
- $23.85
- 200D MA
- $22.78
- Beta
- 1.66
- RSI (14)
- 55
- Avg Volume
- 8.62M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
GameStop swung to fourth-quarter profitability on lower costs and leaner inventory, but management declined to give formal guidance as it continues a cost-cutting transformation.· March 21, 2023
- Q4 net income was $48.2 million, versus a $147.5 million loss a year ago, while sales were roughly flat year over year at $2.226 billion.
- Full-year net loss narrowed to $313.1 million from $381.3 million, helped by SG&A reduction and inventory discipline.
- Cash, cash equivalents and marketable securities ended the year at $1.39 billion, with no borrowings under the ABL facility and no debt other than a low-interest French term loan.
- Inventory fell to $682.9 million from $915 million at the end of fiscal 2021, supporting operating cash flow of $337.2 million in Q4.
- Management said it is continuing cost cuts, including exits and partial wind-downs in parts of Europe, but gave no formal outlook guidance.
Net sales were $2.226 billion in the fourth quarter versus $2.254 billion a year ago, and full-year net sales were $5.927 billion versus $6.011 billion in fiscal 2021. Q4 net income was $48.2 million, or $0.16 per diluted share, compared with a net loss of $147.5 million, or $0.49 per diluted share, last year. Full-year net loss was $313.1 million, or $1.03 per diluted share, versus a loss of $381.3 million, or $1.31 per diluted share. SG&A was $453.4 million, or 20.4% of sales, in Q4 versus $538.9 million, or 23.9% of sales, a year ago; full-year SG&A was $1.68 billion versus $1.71 billion. Cash, cash equivalents and marketable securities were $1.39 billion at year-end, inventory was $682.9 million, CapEx was $11.6 million in Q4 and $55.9 million for the year, and Q4 operating cash flow was $337.2 million. Management said it expects CapEx to decline in 2023 and said it is not providing formal guidance.
Matt Furlong framed 2022 as a year of transformation, saying GameStop pivoted to near-term profitability while still pursuing long-term sustainable growth. He pointed to a stronger balance sheet, improved efficiency, leaner inventory and a more disciplined operating culture after cost cuts, headcount reductions and operational streamlining. He emphasized continued work ahead, including more cost containment, supplier negotiations, Europe exits, partnerships, pre-owned growth and expansion in higher-margin collectibles and toys.
The financial commentary highlighted a major improvement in profitability and cash generation. Q4 SG&A fell to $453.4 million from $538.9 million, inventory was reduced to $682.9 million from $915 million, and operating cash flow was $337.2 million versus an outflow of $110.3 million a year ago. Year-end liquidity was $1.39 billion in cash, cash equivalents and marketable securities, with no ABL borrowings and no debt other than the low-interest French COVID-related term loan; management also said CapEx should be lower and remain limited in 2023.
There was no analyst Q&A in the transcript, so no specific follow-up concerns or management rebuttals were aired. The closest thing to guidance was management’s statement that it is not providing formal outlook guidance and wants shareholders to judge the company on results rather than words. Management did say first-quarter 2023 will include continued transformation charges as cost cuts continue.
The bull case from this call is that GameStop showed clear operating leverage: profitability turned positive in Q4, SG&A fell materially, and inventory and costs were tightly managed. Management also described a much stronger balance sheet with $1.39 billion in liquidity and no meaningful debt, which gives it flexibility to keep restructuring and pursue selective growth.
The bear case is that revenue still declined slightly, the company remains in a transformation phase, and management explicitly said first-quarter 2023 will include more transformation charges. It also declined to provide formal guidance, and several growth initiatives depend on execution in areas like Europe exits, supplier terms, partnerships and higher-margin category expansion.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 83.5%
- Shares Outstanding
- 504.50M
- Float Shares
- 421.40M
of shares held by institutions
448 13F filers
Buy/sell ratio 1.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for GME, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Lisa C. McClainHouse · MI09 | Buy | Jun 11, 25 | Filing → |
| Mike GarciaHouse · CA25 | Buy | Jun 21, 21 | Filing → |
| Patrick Joseph ToomeySenate · PA | Buy | Jan 27, 21 | Filing → |
| Patrick Joseph ToomeySenate · PA | Sell | Jan 28, 21 | Filing → |
| Greg GianforteHouse · MT00 | Sell | Nov 19, 18 | Filing → |
| Gary James PalmerHouse · AL06 | Buy | Apr 4, 17 | Filing → |
| Tammy DuckworthSenate · IL | Sell | May 10, 17 | Filing → |
| Sheldon WhitehouseSenate · RI | Sell | Jan 5, 16 | Filing → |
| Sheldon WhitehouseSenate · RI | Sell | Jan 5, 16 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 38.20M | ▼ 309.47K |
| Blackrock, Inc. | 36.75M | ▲ 864.18K |
| Vanguard Capital Management LLC | 18.35M | ▲ 127.77K |
| Vanguard Portfolio Management LLC | 17.33M | ▼ 87.54K |
| State Street Corp | 13.05M | ▲ 405.80K |
| Dimensional Fund Advisors LP | 8.64M | ▲ 1.75M |
| Geode Capital Management, LLC | 7.46M | ▼ 185.25K |
| Norges Bank | 5.20M | ▲ 5.20M |
| Susquehanna International Group, Llp | 4.48M | ▲ 1.38M |
| Sixth Street Partners Management Company, L.P. | 3.72M | ▲ 3.72M |
| Charles Schwab Investment Management Inc | 3.72M | ▲ 118.90K |
| Northern Trust Corp | 3.45M | ▲ 128.19K |
Held by 458 ETFs
Biggest fund positions in GME by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 12, 26 | Moore Daniel William | sell | 15,480 |
| Oct 13, 26 | Cohen Ryan | buy | 777,000 |
| Oct 13, 26 | Cohen Ryan | buy | 67,130 |
| Oct 1, 26 | Moore Daniel William | sell | 7,297 |
| Oct 1, 26 | Robinson Mark Haymond | sell | 7,296 |
| Oct 5, 26 | Robinson Mark Haymond | sell | 3,882 |
| Oct 2, 26 | Cohen Ryan | buy | 700,000 |
| Oct 1, 26 | Turner Nat | buy | 10,462 |
| Sep 29, 26 | Cohen Ryan | buy | 3,500 |
| Sep 29, 26 | Cohen Ryan | buy | 446,500 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our GME coverage
Recent articles, reports, and earnings notes.
GameStop (GME): Turnaround Profits vs. Execution Risk
GameStop has turned profitable with stronger margins and a cash-rich balance sheet, but the stock still hinges on collectibles growth and disciplined capital allocation. Hold reflects a healthier business offset by an uneven earnings outlook and a rich forward multiple.
GameStop Corp. (GME) drops 6.4% on heavy volume
GameStop Corp. (GME) drops after a sharp multi-session rally, with heavy volume pointing to profit-taking and momentum unwinding. The move follows renewed attention on store reopenings, extended hours, and social-media trading, while the company’s recent earnings and large cash-and-securities position still support the longer-term debate.
GameStop (GME): Collectibles Drive a Profitable Turnaround
GameStop has shifted from a shrinking game retailer to a profitable, cash-rich business with collectibles driving margin expansion. The stock still faces valuation and execution risks, so the report lands on Hold.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed November 9, 2026 · Live quote · Not investment advice