A number of research firms have changed their ratings and price targets for Gamestop Corporation (NYSE: GME):

  • 9/1/2017 – Gamestop Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/29/2017 – Gamestop Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $24.00 price target on the stock.
  • 8/25/2017 – Gamestop Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 8/23/2017 – Gamestop Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $28.00 price target on the stock.
  • 8/11/2017 – Gamestop Corporation was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating.
  • 8/8/2017 – Gamestop Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “GameStop has underperformed the industry in the past three months. Dismal stock performance can primarily be attributed to the delay in launch of "Red Dead Redemption: 2" and less visibility for the demand of Nintendo Switch for the entire year, which forced management to keep its view intact despite reporting better-than-expected results in first-quarter fiscal 2017. Moreover, we noted that although the top line grew year over year, the bottom line continues to decline. The company continues to expect fiscal 2017 comps to be in the range of flat to down 5% and forecasts earnings in the range of $3.10–$3.40 per share. Meanwhile, management expects sturdy performance of Technology Brands and Collectibles to continue in fiscal 2017. Further, it expects to enhance collectibles business to approximately $650–$700 million during fiscal 2017 and anticipates becoming a $1 billion business by the end of fiscal 2019.”
  • 8/4/2017 – Gamestop Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/27/2017 – Gamestop Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “GameStop has underperformed the industry in the past three months. Dismal stock performance can primarily be attributed to the delay in launch of "Red Dead Redemption: 2" and less visibility for the demand of Nintendo Switch for the entire year, which forced management to keep its view intact despite reporting better-than-expected results in first-quarter fiscal 2017. Moreover, we noted that although the top line grew year over year, the bottom line continues to decline. The company continues to expect fiscal 2017 comps to be in the range of flat to down 5% and forecasts earnings in the range of $3.10–$3.40 per share. Meanwhile, management expects sturdy performance of Technology Brands and Collectibles to continue in fiscal 2017. Further, it expects to enhance collectibles business to approximately $650–$700 million during fiscal 2017 and anticipates becoming a $1 billion business by the end of fiscal 2019.”
  • 7/25/2017 – Gamestop Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Gamestop Corporation (GME) traded up 1.38% during midday trading on Friday, reaching $19.11. The company had a trading volume of 1,877,705 shares. The stock has a market capitalization of $1.94 billion, a PE ratio of 5.75 and a beta of 1.19. Gamestop Corporation has a 52-week low of $18.47 and a 52-week high of $28.58. The company’s 50 day moving average price is $20.81 and its 200 day moving average price is $22.36.

Gamestop Corporation (NYSE:GME) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Equities research analysts expect 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. Investors of record on Friday, September 8th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 8.06%. Gamestop Corporation’s dividend payout ratio is presently 45.65%.

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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