Several other analysts also recently weighed in on the company. Bank of America Corp. set a $37.00 price objective on GameStop Corp. and gave the company a buy rating in a report on Friday, October 7th. Robert W. Baird restated an outperform rating and issued a $40.00 price objective on shares of GameStop Corp. in a report on Monday, October 3rd. TheStreet downgraded GameStop Corp. from a buy rating to a hold rating in a report on Tuesday, September 13th. Hilliard Lyons upgraded GameStop Corp. from a neutral rating to a buy rating and set a $33.00 price objective for the company in a report on Friday, September 9th. Finally, Pacific Crest restated a hold rating on shares of GameStop Corp. in a report on Sunday, August 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $36.71.
Shares of GameStop Corp. (NYSE:GME) opened at 25.38 on Wednesday. The stock has a market cap of $2.64 billion, a P/E ratio of 6.69 and a beta of 1.08. GameStop Corp. has a one year low of $24.33 and a one year high of $47.62. The stock’s 50 day moving average is $27.45 and its 200-day moving average is $29.07.
GameStop Corp. (NYSE:GME) last issued its earnings results on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm 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 business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, equities analysts forecast that GameStop Corp. will post $3.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were given a $0.37 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.48 annualized dividend and a yield of 5.83%. GameStop Corp.’s dividend payout ratio is presently 39.05%.
In related news, EVP Michael Mauler acquired 10,000 shares of the stock in a transaction on Thursday, September 15th. The shares were acquired at an average price of $26.91 per share, for a total transaction of $269,100.00. Following the transaction, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. bought a new stake in GameStop Corp. during the third quarter valued at approximately $23,569,000. Geode Capital Management LLC increased its position in shares of GameStop Corp. by 4.4% in the first quarter. Geode Capital Management LLC now owns 917,726 shares of the company’s stock valued at $29,065,000 after buying an additional 39,043 shares during the last quarter. Credit Agricole S A increased its position in shares of GameStop Corp. by 87.9% in the first quarter. Credit Agricole S A now owns 33,162 shares of the company’s stock valued at $1,051,000 after buying an additional 15,509 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of GameStop Corp. by 86.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 84,878 shares of the company’s stock valued at $2,256,000 after buying an additional 39,442 shares during the last quarter. Finally, Prudential PLC increased its position in shares of GameStop Corp. by 10.0% in the first quarter. Prudential PLC now owns 275,000 shares of the company’s stock valued at $8,726,000 after buying an additional 25,000 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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