GME has been the subject of a number of other research reports. Robert W. Baird reissued an outperform rating and set a $42.00 price target on shares of GameStop Corp. in a report on Wednesday, August 3rd. Pacific Crest reissued a hold rating on shares of GameStop Corp. in a report on Monday, August 22nd. Zacks Investment Research raised GameStop Corp. from a hold rating to a strong-buy rating and set a $36.00 price target for the company in a report on Wednesday, July 27th. Piper Jaffray Cos. reissued an outperform rating and set a $41.00 price target on shares of GameStop Corp. in a report on Friday, August 26th. Finally, Wedbush set a $36.00 price target on GameStop Corp. and gave the stock a buy rating in a report on Sunday, August 28th. One 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. GameStop Corp. currently has a consensus rating of Buy and an average price target of $36.71.
GameStop Corp. (NYSE:GME) opened at 24.70 on Wednesday. GameStop Corp. has a one year low of $24.33 and a one year high of $47.62. The company has a market cap of $2.57 billion, a PE ratio of 6.51 and a beta of 1.08. The firm’s 50-day moving average price is $27.33 and its 200-day moving average price is $28.99.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The company earned $1.63 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. GameStop Corp.’s revenue was down 7.4% on a year-over-year basis. On average, equities research analysts forecast that GameStop Corp. will post $3.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Friday, September 9th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend was Wednesday, September 7th. GameStop Corp.’s dividend payout ratio (DPR) is currently 39.05%.
In other news, EVP Michael Mauler purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average cost of $26.91 per share, with a total value of $269,100.00. Following the purchase, the executive vice president now owns 120,922 shares in the company, valued at $3,254,011.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GME. Acrospire Investment Management LLC purchased a new position in GameStop Corp. during the first quarter worth $117,000. 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 during the period. BlueMountain Capital Management LLC purchased a new position in GameStop Corp. during the first quarter worth $156,000. Penserra Capital Management LLC increased its position in 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. Finally, Seven Eight Capital LLC increased its position in GameStop Corp. by 95.3% in the first quarter. Seven Eight Capital LLC now owns 5,401 shares of the company’s stock worth $171,000 after buying an additional 2,635 shares during the period.
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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