Shares of Gamestop Corporation (NYSE:GME) have been assigned an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.66.

A number of research firms have issued reports on GME. Zacks Investment Research upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Telsey Advisory Group lowered shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a report on Friday, August 25th. Finally, Loop Capital reiterated a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a report on Wednesday, August 23rd.

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Large investors have recently modified their holdings of the stock. Fairbanks Capital Management Inc. acquired a new stake in Gamestop Corporation during the 2nd quarter worth $3,494,000. Westpac Banking Corp acquired a new stake in Gamestop Corporation during the 1st quarter worth $134,000. Camarda Financial Advisors LLC boosted its stake in Gamestop Corporation by 9.4% during the 2nd quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock worth $112,000 after purchasing an additional 447 shares during the period. BlueMountain Capital Management LLC acquired a new stake in Gamestop Corporation during the 2nd quarter worth $162,000. Finally, LS Investment Advisors LLC boosted its stake in Gamestop Corporation by 17.3% during the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after purchasing an additional 1,213 shares during the period.

Gamestop Corporation (NYSE:GME) opened at 19.71 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 5.93 and a beta of 1.19. The stock’s 50 day moving average is $19.81 and its 200-day moving average is $21.54. Gamestop Corporation has a 12 month low of $18.47 and a 12 month high of $26.85.

Gamestop Corporation (NYSE:GME) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Gamestop Corporation will post $3.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend was Thursday, September 7th. Gamestop Corporation’s dividend payout ratio is currently 45.65%.

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.

Analyst Recommendations for Gamestop Corporation (NYSE:GME)

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