Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group set a $18.00 price objective on shares of GameStop and gave the stock a buy rating in a research report on Wednesday. Zacks Investment Research raised shares of GameStop from a sell rating to a hold rating in a research report on Wednesday, August 22nd. Credit Suisse Group set a $15.00 price objective on shares of GameStop and gave the stock a hold rating in a research report on Friday, June 1st. Telsey Advisory Group cut their price objective on shares of GameStop from $15.00 to $14.00 and set a market perform rating on the stock in a research report on Friday, June 1st. Finally, Robert W. Baird cut their price objective on shares of GameStop from $18.00 to $14.00 and set an outperform rating on the stock in a research report on Friday, June 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $16.23.
Shares of GME stock traded down $0.01 on Friday, reaching $16.13. 6,795,584 shares of the company were exchanged, compared to its average volume of 4,944,777. The stock has a market capitalization of $1.64 billion, a PE ratio of 4.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.52 and a quick ratio of 0.45. GameStop has a one year low of $12.20 and a one year high of $20.97.
GameStop (NYSE:GME) last released its quarterly earnings data on Thursday, September 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. GameStop had a positive return on equity of 13.58% and a negative net margin of 0.48%. GameStop’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. analysts anticipate that GameStop will post 3.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 18th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.42%. GameStop’s payout ratio is 45.51%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in GameStop by 51.4% in the 2nd quarter. BlackRock Inc. now owns 14,249,376 shares of the company’s stock valued at $207,613,000 after acquiring an additional 4,840,340 shares in the last quarter. Bank of New York Mellon Corp lifted its position in GameStop by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,933,715 shares of the company’s stock valued at $42,744,000 after acquiring an additional 176,410 shares in the last quarter. Towle & Co. lifted its position in GameStop by 2.5% in the 1st quarter. Towle & Co. now owns 1,887,370 shares of the company’s stock valued at $23,819,000 after acquiring an additional 45,960 shares in the last quarter. Wells Fargo & Company MN lifted its position in GameStop by 93.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,691,999 shares of the company’s stock valued at $24,653,000 after acquiring an additional 816,080 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in GameStop by 9.2% in the 2nd quarter. First Trust Advisors LP now owns 1,386,229 shares of the company’s stock valued at $20,197,000 after acquiring an additional 116,940 shares in the last quarter.
GameStop Company Profile
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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