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Tag: GameStop Corp.

  • GameStop Corp. (GME) stock Plummets After Hours on Missed 2021 Earnings

    On March 17, GameStop Corp. (GME) declared its financial results for Q4 and full-year which ended on January 29, 2022. The company also announced its intention for the launch of the NFT marketplace by the end of Q2 fiscal 2022. Consequently, the stock plummeted down in the after-hours session on missed earnings.

    It seems investors were looking forward to the earnings with positive enthusiasm as the stock traded in the green during the regular session. GME closed the regular session with a gain of 0.97% at $87.70. The volume of the share exchanged remained above the average at 3.45 million. Following the results announcement, the stock reversed and entered the red as it declined by 8.04% in the after-hours. Hence, GME was trading at a value of $80.65 per share in the after-hours while 1.06 million shares exchanged hands.

    The multichannel video games, consumer electronics, and wireless services retailer, GameStop Corp. was founded in 1996.

    Source: Encyclopedia Britannica

    GME’s Latest Financial Results

    Q4 Overview

    In the fourth quarter ended January 29, the company had net sales of $2.254 billion against $2.122 billion in the year-ago quarter.

    Moreover, the company’s PowerUp Rewards Pro members reached 5.8 million in the quarter with an increase of 32% YOY.

    Additionally, GME formed new relationships with Alienware, Corsair, and Lenovo and partnered with Immutable X for supporting its NFT marketplace. The company also redesigned its app with an enhanced user interface and more functionality.

    Full-year Overview

    For the full year, GME reported net sales of $6.011 billion, against $5.090 billion in the previous year.

    Furthermore, the company had a net loss of $381.3 million in fiscal 2021, against $215.3 million in fiscal 2020.

    At the end of the year, the company had $1.271 billion in cash and cash equivalents and $915 million in inventory. Comparatively, the same were $635 million and $602.4 million at the end of fiscal 2020.

    In addition, the company also raised $1.67 billion in capital and eliminated its long-term debt except the French government’s Covid-19 associated.

    Partnership with Immutable X

    On February 3, the company announced entering into a partnership with Immutable X Pty Limited. Thus, resulting in up to $100 million funds in Immutable X’s IMX tokens. The companies plan to use the fund for grants to NFT content and technology creators. Added to this, Immutable X will provide up to $150 million in IMX tokens to GME upon the completion of certain milestones.

  • GameStop Corp. (GME) stock rises in the Pre-Market: Why is it so?

    GameStop Corp. (GME) announced its expansion of North America Fulfillment and elimination of long-term debt after which the GME stock happened to be green in today’s pre-market on May 3, 2021, after bearing the fall in the previous trading session. GME stock saw a push of 1.30% to reach $175.85 a share at the time of this writing. GME stock went down by 1.48% at the previous closing. Let’s discuss the recent events of GME stock in detail.

    Expansion of Fulfillment Network:

    GME stock contracted for a 700,000 square foot fulfillment center in York, Pennsylvania in order to expand its North American fulfillment network to support transformation. This facility will support eCommerce and fulfillment needs and is expected to be operational by the fourth quarter of the year 2021. Management of GME stock is optimistic that its fulfillment center in York, Pennsylvania will pave the way for the growth of product offering of GME and accelerate the shipping process across the east coast.

    Elimination of long-term debt:

    GME stock today also announced its elimination from long-term debt according to which GME stock has completed its voluntary early redemption of $216.4 million of its 10.0% Senior Notes due 2023. This early redemption has covered all the principal amount of outstanding 10% senior notes which means that the GME stock has weaned itself from long-term depth. The freedom from the long-term debt will help GameStop stock to support future transformations and will strengthen the GME’s balance sheet.

    Completion of At-The-Market Equity Offering:

    On April 26, 2021, GME stock competed for its previously announced at-the-market equity offering program(ATM) pursuant to which GME stock sold 3.5 million shares of its common stock via the ATM offering. The aggregate proceeds resulting from this offering were totaled approximately $551 million without deducting the commissions and offering related expenses.Net proceeds will be used in GameStop’s transformation along with general corporate purposes as well as further strengthening of its balance sheet.

    Conclusion:

    Investors are responding to the recent couple of news related to GameStop’s expansion of  North America Fulfillment and elimination of its long-term debt. GameStop is now well-positioned for its transformation as well as to strengthen its balance sheet. In a nutshell, GME stock can be a good bet for investors in the long run.

  • GameStop Corp. (GME) stock popped high in Friday’s aftermarket: Why did it happen?

    Shares of GameStop Corp. (GME) stock popped high in the aftermarket session on Friday after Keith Gill, who is renowned as Roaring Kitty in social media, exercised his 500 call options to bought 50000 additional GME shares at a strike price of $12. GME was gloomy during the last trading session and closed with a 1.12% drop. Let’s deeply understand the current scenarios.

    Roaring Kitty helped the GME stock rise:

    Keith Gill, who is famous as Roaring Kitty on social media, posted the screenshot on Reddit which showed that he doubled down his bet by exercising 500 call options to bought additional 50000 shares of GME at a strike price of $12.His total investment in the GME stock has now reached 200,000 shares representing more than $30 million worth and $20 million profit. The screenshot posted was confirmed by his mother to Bloomberg.

    GameStop CEO news:

    George Sherman, the Chief Executive Officer of GameStop, has disposed of almost $12 million in shares with the proceeds earmarked by GME for the payment of compensation-related taxes. George Sherman is expected to leave the GameStop.He forfeited about 587,000 shares of $98 million worth after failing to meet the required performance targets.

    Key Information of GME stock

    GameStop is planning to move away from its brick-and-mortar business and for this purpose, the GME stock has added new executives for the growth of its business and advancement in its technology.GME shares skyrocketed 721% so far but were down more than half in the first month of this year.GME recently announced plans to retire senior notes due in two years in order to wean itself from debt.

    Conclusion:

    GME stock captivated the attention of investors amid the spread of the news related to purchasing additional shares of GME by Keith Gill. Following the current business trend, GME is more focused on the advancement of technology and online business. In a nutshell, investors eying GME stock need to do good research before adding this stock to their portfolio.

  • GameStop Corp. (GME) stock tumbles in Pre-Market today: Why did It happen?

    GameStop Corp. (GME) stock tumbles in Pre-Market today: Why did It happen?

    Shares of GameStop Corp. (GME), a leading gaming and entertainment platform, were tumbling in today’s pre-market trading session after the announcement of an equity offering by GME stock. GME price saw a downtrend of 13.03% to drop at $166.50 a share as of this writing. GME was green in the previous trading session and closed with a 0.86% gain with $191.45 per share price. GME also announced the Preliminary sales results of the first nine weeks of 2021 today. Let’s have a deep look at current scenarios.

    Equity Offering Plan:

    GME today on 5th April 2020 filed the prospectus supplement with U.S. Securities and Exchange Commission according to which GME stock would be able to sell a total of 3.5 million shares of its common stock from time to time via “at-the-market” equity offering program. The main purpose of this offering is to strengthen the balance sheet of GameStop by accelerating the process of its transformation and other general corporate purposes. GME would be offered by Jefferies LLC and its Sales price is subjective to the prevailing sale price in the market.

    Sales Performance of First Nine Weeks by GME stock

    The First nine-week period ends on April 4, 2021, and in this period, GME recorded an 11% increase in its global sales while as of February 27, 2021, these global sales were 5.3% high as compared to the four-week period of 2020 ended on February 29.18% increase in the global sales was observed in the last five weeks ended on April 4, 2021, as compared to the same period in the previous year.

    The restrictions imposed by the government due to COVID-19 have negatively impacted the GME in its operations across 14 countries. 13 % decrease in the store base in the Nine-week period of 2021 due to store optimization effort by GameStop mainly owes to these COVID-19 restrictions.

    Conclusion:

    Despite an increase in the global sales of GME stock in the latest nine-week period, GME stock is falling in response to the announcement of an equity offering program by GameStop. The previous record shows that GME stock soared over 1000% in the past three months. Hence GME stock can be a good bet in the long run but short-term investors need to do a lot of research before taking any decision.

  • 35 stocks making the biggest moves premarket today

    35 stocks making the biggest moves premarket today

    FuelCell Energy Inc. (FCEL) stock soared 4.75% to $10.15 in the pre-market trading. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.

    SCWorx Corp. (NASDAQ: WORX) shares are trading down -6.76% at $2.07 at the time of writing. Company’s 52-week ranged between $1.00 to $14.88.

    Nano Dimension Ltd. (NNDM) lost over -12.1% at $5.74 in pre-market trading Monday, November 30, 2020, after announcing that it has entered into definitive agreements with investors for the sale of 11,960,160 of the Company’s American Depositary Shares (“ADSs”) at a price of $5.00 per ADS pursuant to a registered direct offering.

    Moderna Inc. (MRNA) is up more than 9.38% at $138.95 in pre-market hours on Monday, November 30, 2020 after the firm today announced that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The data analysis indicates a vaccine efficacy of 94.1%. The stock had jumped over 16.35% to $127.03 in the last trading session.

    FreightCar America Inc. (NASDAQ: RAIL) shares are trading down -3.99% at $2.65 at the time of writing. Company’s 52-week ranged between $0.73 to $2.87. Analysts have a consensus price target of $4.50.

    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -3.25% at $27.09 in pre-market trading Monday. The firm recently declared that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations.

    Zomedica Corp. (ZOM), a Drug Manufacturers – Specialty & Generic company, dropped about -1.12% at $0.1324 in pre-market trading Monday.

    GameStop Corp. (GME) is up more than 4.1% at $16.74 in pre-market hours Monday November 30, 2020 after declaring 2020 cyber week deals. The stock had jumped over 9.02% to $16.08 in the last trading session. GameStop Announces 2020 Cyber Week Deals.

    Riot Blockchain Inc. (RIOT) grew over 8.64% at $6.79 in pre-market trading today.

    Verastem Inc. (VSTM) stock moved up 5.03 percent to $2.09 in the pre-market trading after reporting the initiation of a Phase 2 registration-directed clinical trial of VS-6766, its RAF/MEK inhibitor, and defactinib, its FAK inhibitor, in patients with recurrent low-grade serous ovarian cancer (LGSOC).

    Tuniu Corporation (TOUR) gained over 6.58% at $3.4 in pre-market trading on Monday, November 30, 2020. Before the trading started on November 30, 2020.

    Novavax Inc. (NVAX) is down -8.31% to reach $115.25 after providing an update on its COVID-19 vaccine program. NVX‑CoV2373 is a stable, prefusion protein antigen derived from the genetic sequence of the SARS-CoV-2 coronavirus spike (S) protein and adjuvanted with Novavax’ proprietary Matrix‑M™. It has been trading in a 52-week range of $3.65 to $189.40.

    Occidental Petroleum Corporation (NYSE: OXY) shares are trading down -2.36% at $16.17 at the time of writing. Company’s 52-week ranged between $8.52 to $47.58. Analysts have a consensus price target of $18.

    RMG Acquisition Corp. (RMG) stock soared 6.6% to $18.1 in the pre-market trading. The firm recently revealed that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation.

    Uxin Limited (UXIN) stock soared 2.53% to $1.62 in the pre-market trading. The most recent rating by JP Morgan, on October 23, 2019, is a Neutral.

    ReneSola Ltd (NYSE: SOL) shares are trading up 8.02% at $8.08 at the time of writing. The technology company recently announced the closing of the sale of a portfolio of operating projects located in the United Kingdom to Atmosclear Investments Ltd, an European renewable energy and cleantech private equity group. Company’s 52-week ranged between $0.85 to $5.67. Analysts have a consensus price target of $22.

    Kandi Technologies Group Inc. (KNDI) tumbled over -2.28% at $13.31 in pre-market trading today after CBAK Energy and Kandi Group signed a supply framework agreement.

    Vaxart Inc. (VXRT) is up more than 4.84% at $7.37 in pre-market hours on Monday, November 30, 2020. The stock had jumped over 9.84% to $7.03 in the last trading session. Before the trading started on November 30, 2020.

    Alibaba Group Holding Limited (BABA) is down -2.3% to reach $270.13. The internet retail company has been named a leader in Gartner’s 2020 Magic Quadrant for Cloud Database Management Systems. It has been trading in a 52-week range of $169.95 to $319.32.

    EyePoint Pharmaceuticals Inc. (EYPT) stock soared 1.97% to $0.55 in the pre-market trading. The most recent rating by B. Riley FBR, on April 06, 2020, is a Neutral.

    Canaan Inc. (NASDAQ: CAN) shares are trading down -7.83% at $5.3 at the time of writing after releasing its unaudited financial results for the three months ended September 30, 2020. Company’s 52-week ranged between $1.76 to $8.69.

    Heat Biologics Inc. (NASDAQ: HTBX) shares are trading down -0.88% at $1.13 at the time of writing. Company’s 52-week ranged between $0.19 to $4.30. Analysts have a consensus price target of $4.

    Yunji Inc. (YJ), an Internet Retail company, dropped about -7.35% at $3.53 in pre-market trading Monday. The firm recently declared its unaudited financial results for the third quarter ended September 30, 2020.

    India Globalization Capital Inc. (IGC) gained over 22.63% at $2.33 in pre-market trading Monday November 30, 2020.

    Oramed Pharmaceuticals Inc. (ORMP) stock moved up 38.65 percent to $6.17 in the pre-market trading. The healthcare firm recently reported that it has screened the first patients in its global Phase 3 trials of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes (T2D). Before the trading started on November 30, 2020.

    Schlumberger Limited (SLB) is down -2.06% to reach $21.43. It has been trading in a 52-week range of $11.87 to $41.14.

    Ocugen Inc. (OCGN) stock plunged -1.71% to $0.294 in the pre-market trading. The firm recently revealed that Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder of Ocugen, will speak on “The Promise of Cell & Gene Therapies: Regulatory and Reimbursement Roadblocks” at Xconomy’s Xcelerating Life Sciences New York & Philadelphia Virtual Event on December 3 at 10:30 a.m. Before the trading started on November 30, 2020.

    Gold Fields Limited (GFI) is down -2.52% to reach $8.5. It has been trading in a 52-week range of $3.79 to $14.90. Before the trading started on November 30, 2020.

    Marathon Patent Group Inc. (MARA) is up 15.65% to reach $4.95. It has been trading in a 52-week range of $0.35 to $6.05.

    Kingsoft Cloud Holdings Limited (KC) stock soared 5.13% to $43.69 in the pre-market trading after reporting that it will be included in the MSCI China Index, effective after the U.S. market close on November 30, 2020. The most recent rating by Goldman, on June 29, 2020, is a Buy.

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading up 5.26% at $0.8 at the time of writing. Company’s 52-week ranged between $0.54 to $3.50.

    Waitr Holdings Inc. (WTRH) stock moved down -1.46 percent to $3.38 in the pre-market trading.

    Hennessy Capital Acquisition Corp. IV (HCAC) gained over 9.0% at $13.69 in pre-market trading on Monday, November 30, 2020.

    Trevena Inc. (TRVN) stock plunged -4.67% to $2.45 in the pre-market trading. The most recent rating by Guggenheim, on September 14, 2020, is a Buy.

    Suncor Energy Inc. (NYSE: SU) shares are trading down -0.58% at $17.15 at the time of writing. The firm lately publicized that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada, and Sinopec Oil Sands Partnership – have agreed in principle for Suncor to become the operator of the Syncrude project by the end of 2021. Company’s 52-week ranged between $9.60 to $34.56.

  • Why GameStop (NYSE: GME) Stock Is Surging Today?

    Why GameStop (NYSE: GME) Stock Is Surging Today?

    Shares of GameStop Corp. (NYSE: GME) shares soared 44.12% on the trading session of Thursday after the retailer has announced that it has signed a multi-year strategic partnership agreement with Microsoft Corp. (NASDAQ: MSFT). The Texas-based company had recorded a trading volume of 76.45 million as compared to the average volume of 7.89 million.

    GameStop Corp. aimed to speed up its digital transformation by making good use of cloud-based offerings including the Enterprise resource planning (ERP) services and Dynamics 365 customer relationship management (CRM). Through this strategic partnership, the company will expand its physical and video game offerings and will enhance the retail technology infrastructure of the company.

    GameStop Corp. will get the maximum benefits of its PowerUp Rewards, and omnichannel capabilities to deliver enhanced gaming solutions to its customers. It has 5000+ retail stores worldwide. The company aimed to perform efficiently by providing its employees with greater access to data by using cloud platform of Microsoft Corp.

    As per the agreement, GameStop will make the use of Dynamics 365, a cloud-based business application platform across its business operations including inventory, retail, finance and eCommerce.  Theeffiecenmt use of this platform will help the company to provide a better in-store customer experience.  Moreover, this agreement allows GameStop to make the use of Microsoft’s Surface Devices. Microsoft Surface devices have already been an important part of the digital modernization strategy for store management.

    GameStop Corp. (NYSE: GME) shares were trading up 44.12% at $13.49 at the time of writing on Thursday. GameStop Corp. share price went from a low point around $2.57 to briefly over $11.17 in past 52 weeks, though shares have since pulled back to $13.49. It has moved up 424.90% and 20.77% from its 52-weeks low and high, respectively. GME market cap has remained high, hitting $6.47B at the time of writing.

    Furthermore, GameStop will introduce the Microsoft 365 and Microsoft Team to its stores. The purpose of the company is to provide collaboration tools to its 30,000 stores associates. Using Microsoft Teams, store associates will be able to ask questions and share insights with one another and provide a better customer experience.

  • Top 15 Retail Stocks You Should Tune Into Now

    Top 15 Retail Stocks You Should Tune Into Now

    2020 is the year of unprecedented challenges for many industries including the retail industry. In this period of the pandemic, some retailers will grow vigorously while others strive to survive. The forward-thinking retailers are setting high expectations for the rest of the industry. The adoption of new evolving trends is the main reason behind the prosperity of some retail businesses.

    There are four important trends that are influencing this industry. Those trends include cost reduction, increased power of the consumer, business model evolution, and the value of purpose. The retail industry is implementing new strategies to improve the customer experience. To gain a competitive edge, retailers must invest in modern business strategies and new technologies.

    Let take a quick look at the top 15 leading companies in the specialty retail industry and see how these companies are implementing the new strategies to improve the experience of their customers:

    Bed Bath & Beyond Inc. (NASDAQ: BBBY)

    Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares were trading up 25.13% at $18.75 at the time of writing on Thursday. Bed Bath & Beyond Inc. (NASDAQ: BBBY) share price went from a low point around $3.43 to briefly over $17.79 in the past 52 weeks, though share has since pulled back to $18.75. BBBY market cap has remained high, hitting $2.26B at the time of writing, giving it a price-to-sales ratio of more than 0.

    Bed Bath & Beyond Inc. has shared the financial results for the second quarter of fiscal 2020 ended August 29, 2020. If we look at the recent analyst rating BBBY, Robert W. Baird upgraded coverage on BBBY shares with an Outperform rating and an $11.92 price target, which implies room for -6.83% downside momentum this year.

    Sally Beauty Holdings Inc. (NYSE: SBH)

    Sally Beauty Holdings Inc. (NYSE: SBH) last closed at $9.29, in a 52-week range of $6.28 to $21.98. Analysts have a consensus price target of $14.44. Sally Beauty Holdings Inc. (SBH) has earlier confirmed its commitment to the Canadian stylist community and to the Canadian hair color, hair care, nail, and beauty consumer. The company has also announced the acquisition of La Maison Ami-Co Inc., a professional beauty products distributor in the Canadian province of Quebec, by its subsidiary BSG.

    The Michaels Companies Inc. (NASDAQ: MIK)

    The Michaels Companies Inc. (NASDAQ: MIK) stock soar by 8.34% to $10.46. The most recent rating by Credit Suisse, on September 04, 2020, is at an Outperform. The Michaels Companies Inc. (MIK) has earlier hosted its 2020 Virtual Investor Day to provide an overview of its strategic plan and an update on the Company’s go-to-market transformation to better serve the needs of its Maker customers.

    Blink Charging Co. (NASDAQ: BLNK)

    Blink Charging Co. (NASDAQ: BLNK) Shares headed rising, higher as much as 3.49%. The most recent rating by H.C. Wainwright, on August 14, 2020, is at a Neutral. Blink Charging Co. (BLNK) has disclosed the sale and planned deployment of 14 IQ 200 charging stations at five locations in the City of Richmond, California. Funds have been awarded to the City of Richmond by the Bay Area Air Quality Management District through the Transportation Fund for Clean Air program making this public EV access expansion project possible.

    Party City Holdco Inc. (NYSE: PRTY)

    Party City Holdco Inc. (NYSE: PRTY) rose 3.08% after gaining more than $0.08 on Thursday. Party City Holdco Inc. (PRTY) disclosed that it has decided to hire approximately 20,000 temporary employees and open approximately 25 Halloween City pop-up stores for the Halloween season to support consumers’ needs however they choose to celebrate and shop this year.

    DICK’S Sporting Goods Inc. (DKS)

    DICK’S Sporting Goods Inc. (DKS) last closed at $60.25, in a 52-week range of $13.46 to $59.67. Analysts have a consensus price target of $62.33. DICK’S Sporting Goods Inc. will expand its footprint nationwide with the opening of six DICK’S Sporting Goods stores, two combination DICK’S and Golf Galaxy locations, and three DICK’S Sporting Goods Warehouse Sale locations in October.

    KAR Auction Services Inc. (NYSE: KAR)

    KAR Auction Services Inc. (NYSE: KAR) shares headed rising, higher as much as 5.07%. The most recent rating by Stephens, on October 01, 2020, is at an Overweight. KAR Auction Services Inc. (KAR) has earlier signed a definitive agreement to buy BacklotCars Inc., subject to certain regulatory approvals and other customary closing conditions.

    Williams-Sonoma Inc. (NYSE: WSM)

    Williams-Sonoma Inc. (NYSE: WSM) stock soar by 3.67% to $93.76. The most recent rating by Telsey Advisory Group, on August 27, 2020, is at an Outperform. Williams Sonoma, a member of the Williams-Sonoma, Inc. portfolio of brands, disclosed the launch of a new collaboration with Ghetto Gastro in partnership with kitchen design and manufacturing company, CRUX.

    GameStop Corp. (NYSE: GME)

    GameStop Corp. (NYSE: GME) last closed at $9.77, in a 52-week range of $2.57 to $11.17. Analysts have a consensus price target of $6.20. GameStop Corp. (GME) has moved up 280.16% from its 52-weeks low and has moved down-12.53% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.10. This company market capitalization has remained high, hitting $580.73 million at the time of writing.

    The Container Store Group Inc. (NYSE: TCS)

    The Container Store Group Inc. (NYSE: TCS) stock soar by 25.44% to $7.79. The most recent rating by Goldman, on August 04, 2020, is at a Sell. The Container Store Group Inc. (TCS) share price went from a low point around $1.80 to briefly over $7.82 in the past 52 weeks, though share has since pulled back to $7.79. TCS market cap has remained high, hitting $400.09 million at the time of writing.

    At Home Group Inc. (NYSE: HOME)

    At Home Group Inc. (NYSE: HOME) shares headed rising, higher as much as 2.29%. The most recent rating by Wolfe Research, on September 30, 2020, is at an Outperform. At Home Group Inc. (HOME) share has fluctuated between the low range of $1.20 and a high range of $23.92. It has moved up 1166.67% from it 52-weeks low and moved down -36.45% from its 52-weeks high.

    Best Buy Co. Inc. (NYSE: BBY)

    Best Buy Co. Inc. (NYSE: BBY) rose 2.52% after gaining more than $I2.8 on Thursday. Best Buy Co. Inc. (BBY) share price went from a low point around $48.10 to briefly over $119.48 in the past 52 weeks, though share has since pulled back to $119.48. Best Buy Co. Inc.’s market cap has remained high, hitting $29.20 billion at the time of writing.

    Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

    Big 5 Sporting Goods Corporation (NASDAQ: BGFV) stock soar by 4.95% to $7.85. The most recent rating by Deutsche Bank, on August 02, 2017, is at a Hold. Big 5 Sporting Goods Corporation (BGFV) share has fluctuated between the low range of $0.65 and a high range of $8.47. It has moved up 1107.69% from it 52-weeks low and moved down -7.32% from its 52-weeks high.

    Kirkland’s Inc. (NASDAQ: KIRK)

    Kirkland’s Inc. (NASDAQ: KIRK) rose 11.69% after gaining more than $0.96 on Thursday. Kirkland’s Inc. (KIRK) has earlier shared financial results for the 13 and 26-week periods ended August 1, 2020. Looking at its liquidity, this company has a current ratio of 1.00. It has moved up 1537.50% from it 52-weeks low and moved down -32.47% from its 52-weeks high. This company has a market capitalization of $127.74 million at the time of writing.

    Stitch Fix Inc. (NASDAQ: SFIX)

    Stitch Fix Inc. (NASDAQ: SFIX) last closed at $28.29, in a 52-week range of $10.90 to $31.60. Analysts have a consensus price target of $29.00. Stitch Fix Inc. (SFIX) has traded up 159.54% from its 52-weeks low and traded down -10.47% from its 52-weeks high. This company market capitalization has remained high, hitting $7.29 billion at the time of writing.

     

  • 20 Trending Stocks In Specialty Retail Industry To Watch

    20 Trending Stocks In Specialty Retail Industry To Watch

    If we take a quick look at the marketplace there are many types of retail stores that exist across the globe. Those retail stores are engaged in providing a wide variety of products to consumers but the specialty retail industry is different. It focused on specific products. The global specialty Retail Market is expected to witness modest growth in the coming years with the increase in demands. But there are also immense challenges for the retail industry in the coming years.

    The retail industry is known for its flexibility and adaptability. There are various trends the retail the industry is following to keep pace with the fast-growing marketplace. The use of technology makes it easier for retailers to operate. Technologies such as 5G will enable retailers to move faster and operate leaner. Changing consumer preferences, shifting retail models, and enhanced technical capabilities will drive change in global retailing in 2020.

    Let see the 20 leading companies in the specialty retail industry which are following new trends to grow their business.

    Blink Charging Co. (NASDAQ: BLNK)

    Blink Charging Co. (NASDAQ: BLNK) shares were trading up 13.33% at $9.01 at the time of writing on Tuesday. Blink Charging Co. (NASDAQ: BLNK) share price went from a low point around $1.25 to briefly over $14.58 in the past 52 weeks, though shares have since pulled back to $9.01. BLNK market cap has remained high, hitting $258.50M at the time of writing, giving it a price-to-sales ratio of more than 60.

    Blink Charging Co. has revealed that it has sold or installed 539 EV charging stations in the US and internationally during the summer Covid-19 lockdowns of June, July, and August 2020. If we look at the recent analyst rating BLNK, H.C. Wainwright downgraded coverage on BLNK shares with a Neutral rating and a $6.50 price target, which implies room for -2.51% downside momentum this year.

    GameStop Corp. (NYSE: GME)

    GameStop Corp. (NYSE: GME) last closed at $10.56, in a 52-week range of $2.57 to $9.77. Analysts have a consensus price target of $6.20. GameStop Corp. (GME) has revealed that it has decided to take pre-orders for the Sony PlayStation5 and Sony PlayStation5 Digital Edition consoles. Pre-orders for the Xbox Series X and Xbox Series S started on Sept. This company market capitalization has remained high, hitting $668.55 million at the time of writing.

    Bed Bath & Beyond Inc. (NASDAQ: BBBY)

    Bed Bath & Beyond Inc. (NASDAQ: BBBY) stock soar by 12.36% to $13.90. The most recent rating by Odeon, on May 26, 2020, is at a Buy. Bed Bath & Beyond Inc. (BBBY) has named Scott Lindblom as Chief Technology Officer of Bed Bath & Beyond. This decision is effective on September 28, 2020. Mr. Lindblom will be responsible for the company’s enterprise technology transformation. If we look at its liquidity, it has a current ratio of $1.78 billion at the time of writing.

    Party City Holdco Inc. (NYSE: PRTY)

    Party City Holdco Inc. (NYSE: PRTY) Shares headed rising, higher as much as 5.92%. The most recent rating by Telsey Advisory Group, on March 13, 2020, is at a Market perform. Party City Holdco Inc. (PRTY) has disclosed that it has decided to hire approximately 20,000 temporary employees and open approximately 25 Halloween City pop-up stores for the Halloween season to fulfill consumers’ needs however they choose to celebrate and shop this year.

    Stitch Fix Inc. (NASDAQ: SFIX)

    Stitch Fix Inc. (NASDAQ: SFIX) rose 7.98% after gaining more than $2.32 on Tuesday. Stitch Fix has announced the fourth quarter and full Fiscal Year 2020 financial results. Stitch Fix Inc. (SFIX) has reported the net revenue of $443.4 million and its active clients of 3.5 million. Stitch Fix Inc has reported the net revenue per active client of $486. This company’s net loss was $44.5 million.

    The Michaels Companies Inc. (NASDAQ: MIK)

    The Michaels Companies Inc. (NASDAQ: MIK) last closed at $10.73, in a 52-week range of $1.00 to $11.70. Analysts have a consensus price target of $4.96. Michaels Companies Inc. (MIK) earlier revealed that its indirect, wholly-owned subsidiary, Michaels Stores, Inc. has priced its offering of $375 million in aggregate principal amount of Senior Secured Notes due 2027. The Michaels Companies Inc. has a market capitalization of $1.59 billion at the time of writing.

    Advance Auto Parts Inc. (NYSE: AAP)

    Advance Auto Parts Inc. (NYSE: AAP) Shares headed rising, higher as much as 1.13%. The most recent rating by DA Davidson, on August 14, 2020, is at a Neutral. Advance Auto Parts Inc. (AAP) has revealed that it has started a cash tender offer for any and all of its outstanding 4.50% senior unsecured notes due December 1, 2023. This company market capitalization has remained high, hitting $10.44 billion at the time of writing.

    The RealReal Inc. (NASDAQ: REAL)

    The RealReal Inc. (NASDAQ: REAL) shares headed rising, higher as much as 4.10%. The most recent rating by BTIG Research, on June 09, 2020, is at a Buy. Shuman Glenn & Stecker has revealed that it has started an investigation against The RealReal Inc. Shuman Glenn & Stecker is investigating the potential shareholder claims against certain officers and directors of The RealReal, Inc. RealReal purports to work as an online marketplace for consigned luxury goods.

    Tractor Supply Company (NASDAQ: TSCO)

    Tractor Supply Company (NASDAQ: TSCO) rose 2.95% after gaining more than $4.06 on Tuesday. Tractor Supply Company (TSCO) has earlier revealed that it has been included on Forbes’ 2020 “America’s Best Employers for New Graduates” list. This is Tractor Supply’s first time to be named to the annual list.

    Genuine Parts Company (NYSE: GPC)

    Genuine Parts Company (GPC) last closed at $96.43, in a 52-week range of $49.68 to $108.58. Analysts have a consensus price target of $97.13. Genuine Parts Company (GPC) has announced   that it has decided to release Third Quarter Earnings on October 22, 2020.  Management will also conduct a conference call on this date at 11:00 a.m. Eastern time.

    Sally Beauty Holdings Inc. (NYSE: SBH)

    Sally Beauty Holdings Inc. (NYSE: SBH) stock drop by -2.80% to $10.07. The most recent rating by Oppenheimer, on June 04, 2020, is at an Outperform. Sally Beauty Holdings Inc. (SBH) has earlier gave an update on its liquidity. If we look at its liquidity, it has a current ratio of 1.90. This company market capitalization has remained high, hitting $1.17 billion at the time of writing.

    DICK’S Sporting Goods Inc. (NYSE: DKS)

    DICK’S Sporting Goods Inc. (NYSE: DKS) shares headed falling, lower as much as -2.09%. The most recent rating by Morgan Stanley, on August 27, 2020, is at an Overweight. DICK’S Sporting Goods Inc. (DKS) share price went from a low point around $13.46 to briefly over $59.67 in the past 52 weeks, though shares have since pulled back to $56.13. DKS market cap has remained high, hitting $5.01 billion at the time of writing.

    The Container Store Group Inc. (NYSE: TCS)

    The Container Store Group Inc. (NYSE: TCS) rose 7.75% after gaining more than $0.51 on Tuesday. In the past 52-weeks of trading, this company’s stock fluctuated between the low range of $1.80 and a high range of $6.85. It has moved up 293.89% and 3.50% from its 52-weeks low and high, respectively. Looking at its liquidity it has a current ratio of 1.20. This company’s market capitalization has remained high, hitting $365.28 million at the time of writing.

    Best Buy Co. Inc. (BBY)

    Best Buy Co. Inc. (BBY) last closed at $107.63, in a 52-week range of $48.10 to $119.48. Analysts have a consensus price target of $118.02. Best Buy Co. Inc. (BBY) has moved up 123.74% from its 52-weeks low and moved down -9.92% from its 52-weeks high. Looking at its liquidity it has a current ratio of 1.10. This company’s market capitalization has remained high, hitting $27.87 billion at the time of writing.

    At Home Group Inc. (NYSE: HOME)

    At Home Group Inc. (NYSE: HOME) stock soar by 3.41% to $15.15. The most recent rating by Monness Crespi & Hardt, on September 08, 2020, is at a Buy. At Home Group Inc. (HOME) share price went from a low point around $1.20 to briefly over $23.92 in the past 52 weeks, though shares have since pulled back to $15.15. At Home Group Inc. market cap has remained high, hitting $994.60 Million at the time of writing.

    Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

    Big 5 Sporting Goods Corporation (NASDAQ: BGFV) fall -3.76% after losing more than -$0.24 on Tuesday. In the past 52-weeks of trading, this company’s stock fluctuated between the low range of $0.65 and a high range of $8.47. It has moved up 844.62% from its 52-weeks low and moved down -27.51% from its 52-weeks high. Looking at its liquidity it has a current ratio of 1.50. This company’s market capitalization has remained high, hitting $124.70 million at the time of writing.

    KAR Auction Services Inc. (NYSE: KAR)

    KAR Auction Services Inc. (NYSE: KAR) last closed at $15.18, in a 52-week range of $9.41 to $26.63. Analysts have a consensus price target of $22.13. KAR Auction Services Inc. (KAR) has moved up 61.32% from its 52-weeks low and moved down -42.99% from its 52-weeks high. Looking at its liquidity it has a current ratio of 1.60. This company’s market capitalization has remained high, hitting $1.98 billion at the time of writing.

    Kirkland’s Inc. (NASDAQ: KIRK)

    Kirkland’s Inc. (NASDAQ: KIRK) stock soar by 1.82% to $8.40. The most recent rating by B. Riley FBR, on May 15, 2019, is at a Neutral. In the past 52-weeks of trading, this company’s stock fluctuated between the low range of $0.56  and a high range of $13.58. It has moved up 1400.00% from its 52-weeks low and moved down -38.14% from its 52-weeks high. Looking at its liquidity it has a current ratio of 1.00. This company’s market capitalization has remained high, hitting $117.26 million at the time of writing.

    Williams-Sonoma Inc. (NYSE: WSM)

    Williams-Sonoma Inc. (WSM) stock soar by 2.06% to $87.88. The most recent rating by Telsey Advisory Group, on August 27, 2020, is at an Outperform. Looking at its liquidity it has a current ratio of 1.40. This company’s market capitalization has remained high, hitting $7.03 Billion at the time of writing.

    Ulta Beauty Inc. (NASDAQ: ULTA)

    Ulta Beauty Inc. (NASDAQ: ULTA) Shares headed falling, lower as much as -0.85%. The most recent rating by UBS, on August 28, 2020, is at a Buy. Ulta Beauty Inc. (ULTA) market capitalization has remained high, hitting $12.78 Billion at the time of writing.