Shares of Gamestop Corporation (NYSE:GME) have received an average rating of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $24.17.
A number of analysts recently weighed in on the company. Telsey Advisory Group upgraded Gamestop Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 10th. Vetr downgraded Gamestop Corporation from a “sell” rating to a “strong sell” rating and set a $20.04 price target on the stock. in a research note on Monday, May 15th. Bank of America Corporation set a $27.00 price target on Gamestop Corporation and gave the company a “hold” rating in a research note on Saturday, May 13th. ValuEngine downgraded Gamestop Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop Corporation in a research note on Thursday, May 25th.
Shares of Gamestop Corporation (NYSE GME) traded down 2.09% on Friday, hitting $18.75. 4,666,019 shares of the company traded hands. The firm has a market capitalization of $1.90 billion, a P/E ratio of 5.64 and a beta of 1.20. The firm’s 50-day moving average is $21.31 and its 200 day moving average is $22.75. Gamestop Corporation has a 1-year low of $18.64 and a 1-year high of $30.51.
Gamestop Corporation (NYSE:GME) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.11%. Gamestop Corporation’s dividend payout ratio (DPR) is 45.65%.
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Several institutional investors have recently added to or reduced their stakes in the company. Cubic Asset Management LLC boosted its position in Gamestop Corporation by 0.3% in the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock worth $853,000 after buying an additional 125 shares during the period. Fairbanks Capital Management Inc. bought a new position in Gamestop Corporation during the second quarter worth $3,494,000. Raymond James Financial Services Advisors Inc. boosted its position in Gamestop Corporation by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock worth $322,000 after buying an additional 230 shares during the period. Point View Wealth Management Inc. boosted its position in Gamestop Corporation by 2.0% in the first quarter. Point View Wealth Management Inc. now owns 15,642 shares of the company’s stock worth $353,000 after buying an additional 300 shares during the period. Finally, State Treasurer State of Michigan boosted its position in Gamestop Corporation by 0.7% in the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after buying an additional 300 shares during the period.
Gamestop Corporation 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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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