Other analysts have also issued reports about the stock. Wedbush set a $36.00 price target on shares of GameStop Corp. and gave the stock a buy rating in a research report on Sunday, August 28th. Pacific Crest reaffirmed a hold rating on shares of GameStop Corp. in a report on Sunday, August 28th. Vetr raised 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. Robert W. Baird reaffirmed an outperform rating and set a $42.00 price objective on shares of GameStop Corp. in a report on Wednesday, August 3rd. Finally, Macquarie assumed coverage on shares of GameStop Corp. in a report on Thursday, June 30th. They set 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $36.71.
GameStop Corp. (NYSE:GME) opened at 26.05 on Friday. GameStop Corp. has a 52-week low of $24.33 and a 52-week high of $47.62. The company has a market cap of $2.71 billion, a PE ratio of 6.87 and a beta of 1.08. The firm has a 50-day moving average of $27.99 and a 200 day moving average of $29.15.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $1.63 billion for 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 business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Equities research analysts expect that GameStop Corp. will post $3.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Wednesday, September 7th. GameStop Corp.’s payout ratio is currently 39.05%.
In related news, EVP Michael Mauler purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $26.91 per share, with a total value of $269,100.00. Following the completion of the purchase, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in GME. FMR LLC raised its position in shares of GameStop Corp. by 0.4% in the second quarter. FMR LLC now owns 15,591,175 shares of the company’s stock worth $414,413,000 after buying an additional 61,629 shares during the last quarter. American International Group Inc. raised its position in shares of GameStop Corp. by 3.2% in the second quarter. American International Group Inc. now owns 7,941,026 shares of the company’s stock worth $211,072,000 after buying an additional 248,779 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of GameStop Corp. by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 4,151,805 shares of the company’s stock worth $110,355,000 after buying an additional 350,142 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of GameStop Corp. by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,911,387 shares of the company’s stock worth $103,963,000 after buying an additional 469,556 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of GameStop Corp. by 121.9% in the second quarter. BlackRock Fund Advisors now owns 3,625,827 shares of the company’s stock worth $96,374,000 after buying an additional 1,991,782 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.
Receive News & Ratings for GameStop Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop Corp. and related companies with MarketBeat.com's FREE daily email newsletter.