GameStop Corp. (NYSE:GME)‘s stock had its “outperform” rating restated by Robert W. Baird in a report issued on Monday. They presently have a $40.00 price target on the stock. Robert W. Baird’s price target suggests a potential upside of 47.44% from the company’s current price.
Several other research analysts also recently issued reports on the stock. Bank of America Corp. reiterated a “buy” rating on shares of GameStop Corp. in a report on Sunday, July 17th. Wedbush set a $36.00 price target on shares of GameStop Corp. and gave the stock a “buy” rating in a report on Sunday, August 28th. Pacific Crest reiterated a “hold” rating on shares of GameStop Corp. in a report on Sunday, August 28th. Vetr upgraded shares of GameStop Corp. from a “buy” rating to a “strong-buy” rating and set a $33.63 price target for the company in a report on Tuesday, August 2nd. Finally, Macquarie started coverage on shares of GameStop Corp. in a report on Thursday, June 30th. They set an “outperform” rating and a $36.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. GameStop Corp. has a consensus rating of “Buy” and a consensus price target of $36.57.
GameStop Corp. (NYSE:GME) opened at 27.13 on Monday. GameStop Corp. has a 12-month low of $24.33 and a 12-month high of $47.62. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.15 and a beta of 1.08. The firm’s 50-day moving average price is $28.65 and its 200 day moving average price is $29.28.
GameStop Corp. (NYSE:GME) last released its earnings results on Thursday, August 25th. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The firm earned $1.63 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts expect that GameStop Corp. will post $3.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were issued 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 5.46%. GameStop Corp.’s payout ratio is currently 39.05%.
In other GameStop Corp. news, EVP Michael Mauler purchased 10,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was purchased at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the acquisition, 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 available through this link. Company insiders own 2.70% of the company’s stock.
Hedge funds 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 worth $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 worth $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 worth $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 worth $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 worth $171,000 after buying an additional 2,635 shares during the last quarter.
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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