Other research analysts have also issued research reports about the stock. Bank of America Corp. reiterated a buy rating on shares of GameStop Corp. in a report on Sunday, July 17th. Wedbush set a $36.00 price objective on shares of GameStop Corp. and gave the company a buy rating in a report on Sunday, August 28th. Pacific Crest reiterated a hold rating on shares of GameStop Corp. in a report on Sunday, August 28th. Vetr upgraded shares of GameStop Corp. from a buy rating to a strong-buy rating and set a $33.63 price objective for the company in a report on Tuesday, August 2nd. Finally, Macquarie began coverage on shares of GameStop Corp. in a report on Thursday, June 30th. They issued an outperform rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $36.57.
GameStop Corp. (NYSE:GME) opened at 26.68 on Monday. The stock has a 50 day moving average of $28.41 and a 200 day moving average of $29.25. The firm has a market cap of $2.77 billion, a PE ratio of 7.03 and a beta of 1.08. GameStop Corp. has a 12-month low of $24.33 and a 12-month high of $47.62.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business earned $1.63 billion during the quarter, compared to analyst estimates of $1.73 billion. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. On average, equities research analysts anticipate that GameStop Corp. will post $3.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, September 7th. GameStop Corp.’s dividend payout ratio is 39.05%.
In other news, EVP Michael Mauler acquired 10,000 shares of the business’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 acquisition, the executive vice president now directly owns 120,922 shares of the company’s stock, valued at $3,254,011.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. WFG Advisors LP increased its position in GameStop Corp. by 8.8% in the second quarter. WFG Advisors LP now owns 3,950 shares of the company’s stock worth $105,000 after buying an additional 320 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of GameStop Corp. during the first quarter worth $117,000. Penserra Capital Management LLC increased 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 worth $131,000 after buying an additional 542 shares during the period. Americafirst Capital Management LLC bought a new position in shares of GameStop Corp. during the second quarter worth $150,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of GameStop Corp. during the first quarter worth $156,000.
GameStop Corp. Company Profile
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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