GameStop Corp (NYSE: GME)‘s stock had its “hold” rating reaffirmed by stock analysts at TheStreet in a report issued on Wednesday, StockRatingsNetwork.com reports.
The analysts wrote, “GameStop (GME) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of GameStop Corp (NYSE: GME) traded down 1.31% during mid-day trading on Wednesday, hitting $38.50. GameStop Corp has a one year low of $15.32 and a one year high of $39.87. The stock’s 50-day moving average is currently $36.14. The company’s market cap is $4.529 billion.
GameStop Corp (NYSE: GME) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. GameStop Corp has set its Q2 guidance at $0.01-0.07 EPS and its FY14 guidance at $2.90-3.15 EPS. On average, analysts predict that GameStop Corp will post $3.13 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of GameStop Corp in a research note to investors on Wednesday, June 12th. They now have a $46.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of GameStop Corp from a “hold” rating to a “buy” rating in a research note to investors on Monday, June 3rd. Finally, analysts at National Alliance Securities downgraded shares of GameStop Corp from a “market perform” rating to a “sell” rating in a research note to investors on Friday, May 24th. They now have a $25.33 price target on the stock, up previously from $23.68. They noted that the move was a valuation call.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. GameStop Corp currently has an average rating of “Buy” and a consensus price target of $38.96.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 19th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.28 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, May 31st.
GameStop Corp. (NYSE: GME) is a holding company.