Stock In Focus: GameStop Corp. (NYSE:GME)

[BusinessWire] GameStop Corp. (NYSE:GME) a family of specialty retail brands that makes the most popular technologies affordable and simple, announced today that it will expand its 2014 holiday layaway program to include more products than ever before.Beginning today, and continuing through Sunday, December 14, customers will have the option to reserve many of this year’s top holiday products including video game consoles, tablets, accessories, and headsets through GameStop’s expanded layaway program.Stock PerformanceTaking a look at the company’s recent performance, GameStop Corp reported Second quarter earnings for fiscal 2014 on August 21^st. The company reported actual earnings per share of $0.22 against the consensus Street estimate of $0.18. This represents year over year growth of 59.09%. GameStop Corp posted revenue of $1.73 billion against estimates of $1.64 billion.GameStop Corp. (GME) is currently valued at $4.57 billion and closed the last trading session at $40.60. The stock has a 50-day moving average of $42.64 and a 200-day moving average of $40.69.

Is this a Buying Opportunity?There are currently thirteen analysts that we track that cover the stock. Of those thirteen, eight have a Buy rating, one has strong buy rating, three have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.69 and a Buy. The combined price objective of these covering analysts is $50.50, which represents a 24.81% upside difference to the last closing price.The most recent analyst activity consisted of Zacks Investment Research reiterated their Neutral stance on the company. Zacks has a price target of $45.0 which represents an upside of 10.07% from the last closing price. On the date of the report, the stock closed at $42.41.Another research firm weighing in recently was Telsey Advisory Group who also reiterated their rating on the stock. On August 22^nd Telsey Advisory Group boosted their price target on the stock from $49.00 to $51.00, or a 24.75% upside to the current price. On the day of the report, GME shares closed at $42.90.Company ProfileGameStop Corp (NYSE:GME) operates as a multichannel video game, consumer electronics, and wireless services retailer. The company sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; personal computer (PC) entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; digital products, including downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; strategy guides, magazines, and gaming-related toys; and mobile and consumer electronics, including new smartphones, tablets, headphones, and accessories, as well as pre-owned smartphones, tablets, and MP3 players.