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GameStop Moves Ahead

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January 08, 2009 | Comment(s): 0
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GME

Nice move today in GameStop (GME - Analyst Report) shares, up over 11% as I’m writing this. The company reported robust sales for the 9-week holiday season ending January 3.

Comp-store sales increased 10.2% and total sales spiked 22.3% over the year-ago period. Management also boosted its fourth quarter earnings per share from $1.29-$1.34 to $1.31-$1.34.

Despite a difficult consumer spending environment, GameStop remains one of our favorite retail stocks. We maintain our Buy rating and target price of $34.

Read the full analyst report on GME


Read the full analyst report on GME

 

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