GameStop Corp. (GME) Receives Consensus Rating of “Buy” from Brokerages
GameStop Corp. (NYSE:GME) has earned a consensus recommendation of “Buy” from the twenty analysts that are covering the firm. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.28.
Several analysts recently weighed in on GME shares. Vetr cut shares of GameStop Corp. from a “strong-buy” rating to a “buy” rating and set a $33.63 price objective on the stock. in a research note on Monday, July 18th. Bank of America Corp. reissued a “buy” rating on shares of GameStop Corp. in a research note on Sunday, July 17th. Wedbush reissued a “buy” rating on shares of GameStop Corp. in a research note on Wednesday, August 17th. TheStreet raised shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Finally, Hilliard Lyons raised shares of GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Friday, September 9th.
In other news, EVP Michael Mauler acquired 10,000 shares of GameStop Corp. stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $26.91 per share, with a total value of $269,100.00. Following the transaction, the executive vice president now owns 120,922 shares of the company’s stock, valued at approximately $3,254,011.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company’s stock.
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Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new stake in shares of GameStop Corp. during the first quarter worth 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 worth $105,000 after buying an additional 320 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of GameStop Corp. during the first quarter worth about $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.
Shares of GameStop Corp. (NYSE:GME) traded down 1.84% during mid-day trading on Thursday, reaching $25.64. The company’s stock had a trading volume of 1,505,390 shares. The company has a 50 day moving average of $27.82 and a 200-day moving average of $29.13. GameStop Corp. has a 12 month low of $24.33 and a 12 month high of $47.62. The firm has a market capitalization of $2.67 billion, a P/E ratio of 6.76 and a beta of 1.08.
GameStop Corp. (NYSE:GME) last posted its earnings results on Thursday, August 25th. The company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.73 billion. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities research analysts forecast that GameStop Corp. will post $3.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Wednesday, September 7th. GameStop Corp.’s payout ratio is presently 39.05%.
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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