Gamestop Corporation (NYSE:GME) has been given a consensus rating of “Hold” by the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.66.
A number of research analysts have recently commented on GME shares. ValuEngine cut shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of Gamestop Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Vetr upgraded shares of Gamestop Corporation from a “buy” rating to a “strong-buy” rating and set a $33.36 price target on the stock in a report on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop Corporation in a report on Thursday, May 25th.
Shares of Gamestop Corporation (GME) opened at 20.19 on Wednesday. Gamestop Corporation has a 52 week low of $18.47 and a 52 week high of $28.58. The stock’s 50 day moving average is $20.49 and its 200-day moving average is $22.00. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 6.08 and a beta of 1.19.
Gamestop Corporation (NYSE:GME) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Gamestop Corporation will post $3.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.53%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s payout ratio is 45.65%.
Several hedge funds have recently added to or reduced their stakes in the business. Cubic Asset Management LLC lifted its position in shares of Gamestop Corporation by 0.3% during the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock valued at $853,000 after buying an additional 125 shares during the last quarter. Fairbanks Capital Management Inc. purchased a new stake in shares of Gamestop Corporation during the second quarter valued at about $3,494,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Gamestop Corporation by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock valued at $322,000 after buying an additional 230 shares during the last quarter. State Treasurer State of Michigan lifted its position in shares of Gamestop Corporation by 0.7% during the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock valued at $901,000 after buying an additional 300 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Gamestop Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock valued at $923,000 after buying an additional 300 shares during the last quarter.
About Gamestop Corporation
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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