GameStop Corp. (GME) Rating Reiterated by Robert W. Baird
GameStop Corp. (NYSE:GME)‘s stock had its “outperform” rating restated by Robert W. Baird in a research note issued to investors on Wednesday.
A number of other equities analysts have also commented on GME. Zacks Investment Research upgraded shares of GameStop Corp. from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, July 27th. Vetr upgraded shares of GameStop Corp. from a “buy” rating to a “strong-buy” rating and set a $33.63 price objective on the stock in a report on Tuesday, August 2nd. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $41.00 price objective on shares of GameStop Corp. in a report on Saturday, August 13th. Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a report on Wednesday, August 17th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $30.00 price objective on shares of GameStop Corp. in a report on Monday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.60.
GameStop Corp. (NYSE:GME) opened at 24.11 on Wednesday. GameStop Corp. has a 12-month low of $20.10 and a 12-month high of $38.03. The company’s 50 day moving average price is $24.05 and its 200-day moving average price is $27.44. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 6.36 and a beta of 1.16.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. The firm had revenue of $1.96 billion for the quarter. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that GameStop Corp. will post $3.71 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, November 29th. GameStop Corp.’s dividend payout ratio (DPR) is 39.05%.
In other GameStop Corp. news, EVP Michael Mauler purchased 10,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were bought at an average price of $26.91 per share, for a total transaction of $269,100.00. Following the purchase, the executive vice president now directly owns 120,922 shares in the company, valued at approximately $3,254,011.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Americafirst Capital Management LLC acquired a new position in shares of GameStop Corp. during the second quarter valued at approximately $150,000. Nisa Investment Advisors LLC raised its position in GameStop Corp. by 265.2% in the second quarter. Nisa Investment Advisors LLC now owns 66,100 shares of the company’s stock worth $1,757,000 after buying an additional 48,000 shares during the last quarter. Weaver C. Barksdale & Associates Inc. raised its position in GameStop Corp. by 8.3% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 19,820 shares of the company’s stock worth $527,000 after buying an additional 1,514 shares during the last quarter. TT International raised its position in GameStop Corp. by 26.9% in the second quarter. TT International now owns 90,157 shares of the company’s stock worth $2,396,000 after buying an additional 19,123 shares during the last quarter. Finally, Alpha Windward LLC purchased a new position in GameStop Corp. during the second quarter worth about $407,000.
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About GameStop Corp.
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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