A number of other equities research analysts also recently weighed in on GME. Pacific Crest reissued a hold rating on shares of GameStop Corp. in a research note on Sunday, May 29th. Bank of America Corp. reissued a hold rating on shares of GameStop Corp. in a research note on Sunday, May 29th. Zacks Investment Research raised shares of GameStop Corp. from a sell rating to a hold rating in a research note on Wednesday, June 1st. Oppenheimer Holdings Inc. reissued a hold rating on shares of GameStop Corp. in a research note on Wednesday, June 15th. Finally, Piper Jaffray Cos. reissued an overweight rating and set a $41.00 price target on shares of GameStop Corp. in a research note on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $36.57.
GameStop Corp. (NYSE:GME) opened at 27.49 on Monday. The stock’s 50 day moving average is $29.07 and its 200 day moving average is $29.41. GameStop Corp. has a 12 month low of $24.33 and a 12 month high of $47.62. The company has a market cap of $2.86 billion, a PE ratio of 7.25 and a beta of 1.03.
GameStop Corp. (NYSE:GME) last announced its earnings results on Thursday, August 25th. The company reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. The company earned $1.63 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. Equities analysts predict that GameStop Corp. will post $3.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Wednesday, September 7th. GameStop Corp.’s dividend payout ratio (DPR) is currently 39.05%.
In other news, EVP Michael Mauler purchased 10,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average cost of $26.91 per share, with a total value of $269,100.00. Following the completion of the transaction, the executive vice president now owns 120,922 shares of the company’s stock, valued at approximately $3,254,011.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in GameStop Corp. by 32.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,415 shares of the company’s stock valued at $108,000 after buying an additional 840 shares during the period. Acrospire Investment Management LLC bought a new position in shares of GameStop Corp. during the first quarter valued at $117,000. WFG Advisors LP raised its position in shares of GameStop Corp. by 8.8% in the second quarter. WFG Advisors LP now owns 3,950 shares of the company’s stock valued at $105,000 after buying an additional 320 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of GameStop Corp. during the first quarter valued at $156,000. Finally, Penserra Capital Management LLC raised its position in shares of GameStop Corp. by 12.3% in the second quarter. Penserra Capital Management LLC now owns 4,938 shares of the company’s stock valued at $131,000 after buying an additional 542 shares during the last quarter.
About GameStop Corp.
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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