GameStop Corp. (NYSE:GME)‘s stock had its “outperform” rating reissued by analysts at Robert W. Baird in a report released on Monday. They currently have a $40.00 target price on the stock. Robert W. Baird’s price target would suggest a potential upside of 45.83% from the stock’s current price.
GME has been the topic of several other research reports. Pacific Crest reaffirmed a “hold” rating on shares of GameStop Corp. in a research note 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 objective on the stock in a research note on Wednesday, July 27th. Piper Jaffray Cos. reissued an “outperform” rating and issued a $41.00 price objective on shares of GameStop Corp. in a research note on Friday, August 26th. Wedbush set a $36.00 price objective on GameStop Corp. and gave the stock a “buy” rating in a research note on Sunday, August 28th. Finally, Vetr raised GameStop Corp. from a “buy” rating to a “strong-buy” rating and set a $33.63 price objective on the stock in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $36.57.
GameStop Corp. (NYSE:GME) opened at 27.43 on Monday. GameStop Corp. has a 1-year low of $24.33 and a 1-year high of $47.62. The firm has a market cap of $2.85 billion, a P/E ratio of 7.23 and a beta of 1.03. The stock’s 50 day moving average is $29.13 and its 200-day moving average is $29.42.
GameStop Corp. (NYSE:GME) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.73 billion. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. GameStop Corp.’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. Analysts forecast that GameStop Corp. will post $3.98 EPS 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 $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.48 annualized dividend and a dividend yield of 5.40%. GameStop Corp.’s dividend payout ratio (DPR) is currently 39.05%.
In other GameStop Corp. news, EVP Michael Mauler purchased 10,000 shares of the stock in a transaction on Thursday, September 15th. The stock was bought at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the completion of the acquisition, the executive vice president now directly owns 120,922 shares of the company’s stock, valued at $3,254,011.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of GameStop Corp. by 32.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,415 shares of the company’s stock valued at $108,000 after buying an additional 840 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of GameStop Corp. during the first quarter valued at about $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 period. BlueMountain Capital Management LLC acquired a new stake in shares of GameStop Corp. during the first quarter valued at about $156,000. Finally, 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 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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