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 recovery, trading above both the 50-day and 200-day moving averages. It sits in the upper half of its 52-week range, still below the peak, which points to a repaired but not fully extended trend.
Street sentiment stays cautious: the consensus is Hold with a $18.25 target, well below the current share price and the $25 high end of the target range. Morgan Stanley’s August upgrade to Overweight stands out, but the broader target history still leans conservative.
Earnings have been a clear strength, with 7 of the last 8 quarters beating EPS estimates. The next setup hinges on whether GameStop can keep converting profitability into durable revenue stability, since revenue growth remains negative and next-year EPS estimates step down to 0.81.
Recent insider activity leans positive, led by heavy open-market buying from the CEO and directors. The main signal is discretionary purchase activity, while the smaller officer sales look like routine liquidity events rather than a broad exit.
Profitability is solid for a specialty retailer, with a 25.2% net margin, 20.0% operating margin, and 37.9% gross margin. Free cash flow was $632.3 million, and the balance sheet remains net cash positive by about $4.65 billion, giving the company flexibility despite an 18.7% revenue decline year over year.
GameStop screens as a cash-rich specialty retailer with stronger margins than many consumer discretionary peers, but growth remains the weak point. The stock also trades at a richer multiple than the $18.25 consensus target implies, so valuation still depends on sustained earnings delivery.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $10.49B
- P/E
- 11.75
- Fwd P/E
- 12.99
- PEG
- 0.08
- P/S
- 2.96
- P/B
- 1.71
- EV/EBITDA
- 9.29
- 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
- $28.10
- 52W Low
- $17.79
- 50D MA
- $20.27
- 200D MA
- $22.21
- Beta
- 1.71
- RSI (14)
- 65
- Avg Volume
- 6.74M
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
- 91.2%
- Shares Outstanding
- 448.69M
- Float Shares
- 409.14M
of shares held by institutions
427 13F filers
Buy/sell ratio 2.00. 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 | Sell | Jan 28, 21 | Filing → |
| Patrick Joseph ToomeySenate · PA | Buy | Jan 27, 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 |
|---|---|---|
| Tudor Investment Corp Et Al | 88.00M | ▲ 88.00M |
| 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 |
| Geode Capital Management, LLC | 7.65M | ▲ 68.37K |
| Dimensional Fund Advisors LP | 6.90M | ▲ 2.99M |
| Norges Bank | 5.20M | ▲ 5.20M |
| Susquehanna International Group, Llp | 4.48M | ▲ 1.38M |
| Charles Schwab Investment Management Inc | 3.72M | ▲ 118.90K |
| Sixth Street Partners Management Company, L.P. | 3.72M | ▲ 3.72M |
Held by 420 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 |
|---|---|---|---|
| Sep 21, 26 | Attal Alain | buy | 17,500 |
| Sep 21, 26 | Cohen Ryan | buy | 1,150,680 |
| Sep 10, 26 | Attal Alain | buy | 5,000 |
| Sep 10, 26 | Cohen Ryan | buy | 1,000,000 |
| Sep 9, 26 | Grube James | buy | 10,255 |
| Sep 8, 26 | Cheng Lawrence | buy | 55,000 |
| Jul 1, 26 | Moore Daniel William | sell | 7,085 |
| Jul 1, 26 | Robinson Mark Haymond | sell | 7,083 |
| Jul 6, 26 | Robinson Mark Haymond | sell | 3,957 |
| Apr 13, 26 | Robinson Mark Haymond | sell | 3,912 |
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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GameStop Tumbles 8% Despite Ryan Cohen's $26M Insider Buy; eBay Ticks Up
247wallst.com · Sep 25
Gaming Your Portfolio: Should You Add Take-Two Ahead of GTA 6's November Launch?
marketbeat.com · Sep 24
GameStop Still Wants eBay, and Its CEO Is Betting Big on Himself
247wallst.com · Sep 23
Billionaire GameStop CEO Ryan Cohen Buys 1.2 Million Shares for $26.4 Million. Is GME Now a Buy?
fool.com · Sep 22
GameStop Director Buys 17,500 Shares for $402,175
fool.com · Sep 22
GameStop CEO buys $26.4 million of shares, extending insider buying spree
proactiveinvestors.com · Sep 22
The Clock Is Ticking on GameStop's eBay Acquisition Play as Warrants Near Expiration
247wallst.com · Sep 22
GameStop Jumps 4% as Ryan Cohen Buys 1.15 Million More Shares
247wallst.com · Sep 22
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed September 25, 2026 · Live quote · Not investment advice