GameStop Corp. (GME) Given Buy Rating at SunTrust Banks Inc.
Other equities analysts have also issued research reports about the company. Vetr lowered GameStop Corp. from a strong-buy rating to a buy rating and set a $33.63 price objective on the stock. in a report on Monday, July 18th. Bank of America Corp. reaffirmed a buy rating on shares of GameStop Corp. in a report on Sunday, July 17th. Wedbush reissued a buy rating on shares of GameStop Corp. in a report on Wednesday, August 17th. TheStreet raised GameStop Corp. from a hold rating to a buy rating in a report on Tuesday, August 23rd. Finally, Hilliard Lyons raised GameStop Corp. from a neutral rating to a buy rating and set a $33.00 price target on the stock in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. GameStop Corp. presently has a consensus rating of Buy and an average price target of $36.71.
GameStop Corp. (NYSE:GME) traded down 1.76% during trading on Wednesday, reaching $25.66. The company had a trading volume of 1,746,008 shares. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 6.77 and a beta of 1.08. GameStop Corp. has a 1-year low of $24.33 and a 1-year high of $47.62. The firm has a 50-day moving average of $27.82 and a 200-day moving average of $29.13.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.73 billion. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. On average, analysts anticipate that GameStop Corp. will post $3.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Wednesday, September 7th. GameStop Corp.’s dividend payout ratio is currently 39.05%.
In other GameStop Corp. news, EVP Michael Mauler bought 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, the executive vice president now directly owns 120,922 shares in the company, valued at $3,254,011.02. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in GME. Dalton Greiner Hartman Maher & Co. acquired a new stake in GameStop Corp. during the third quarter valued at approximately $23,569,000. Dynamic Advisors Solutions LLC acquired a new stake in GameStop Corp. during the third quarter valued at approximately $1,571,000. Advisory Services Network LLC raised its stake in GameStop Corp. by 47.1% in the third quarter. Advisory Services Network LLC now owns 11,772 shares of the company’s stock valued at $325,000 after buying an additional 3,767 shares in the last quarter. Macquarie Group Ltd. raised its stake in GameStop Corp. by 30.9% in the second quarter. Macquarie Group Ltd. now owns 12,700 shares of the company’s stock valued at $338,000 after buying an additional 3,000 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in GameStop Corp. by 349.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock valued at $477,000 after buying an additional 13,952 shares in the last quarter.
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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