Shares of GameStop Corp. (NYSE:GME) have been given an average recommendation of “Buy” by the twenty research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.47.
A number of research firms recently commented on GME. Robert W. Baird reiterated an “outperform” rating and set a $42.00 price objective on shares of GameStop Corp. in a research report on Wednesday, August 3rd. Pacific Crest reiterated a “hold” rating on shares of GameStop Corp. in a research report on Monday, August 22nd. Zacks Investment Research upgraded GameStop Corp. from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, July 27th. Piper Jaffray Cos. reiterated an “outperform” rating and set a $41.00 price objective on shares of GameStop Corp. in a research report on Friday, August 26th. Finally, Wedbush set a $36.00 price objective on GameStop Corp. and gave the company a “buy” rating in a research report on Sunday, August 28th.
In related news, EVP Michael Mauler acquired 10,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the completion of the transaction, the executive vice president now directly owns 120,922 shares in the company, valued at approximately $3,254,011.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of GameStop Corp. during the first quarter valued at $117,000. WFG Advisors LP increased its stake 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 acquired a new stake in shares of GameStop Corp. during the first quarter valued at $156,000. Penserra Capital Management LLC increased its stake 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. Finally, Seven Eight Capital LLC increased its stake in shares of GameStop Corp. by 95.3% in the first quarter. Seven Eight Capital LLC now owns 5,401 shares of the company’s stock valued at $171,000 after buying an additional 2,635 shares during the last quarter.
Shares of GameStop Corp. (NYSE:GME) opened at 24.70 on Thursday. GameStop Corp. has a 12-month low of $24.33 and a 12-month high of $47.62. The firm has a 50 day moving average price of $27.33 and a 200 day moving average price of $28.99. The stock has a market cap of $2.57 billion, a PE ratio of 6.51 and a beta of 1.08.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company earned $1.63 billion during the quarter, compared to analysts’ expectations of $1.73 billion. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. GameStop Corp.’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, equities analysts expect 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 dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a yield of 5.99%. GameStop Corp.’s dividend payout ratio (DPR) is presently 39.05%.
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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