An issue of Gamestop Corporation (NYSE:GME) bonds rose 1.6% as a percentage of their face value during trading on Thursday. The debt issue has a 6.75% coupon and is set to mature on March 15, 2021. The bonds in the issue are now trading at $104.00 and were trading at $103.38 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

A number of research firms have recently commented on GME. Telsey Advisory Group raised Gamestop Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 10th. Mizuho reiterated a “buy” rating and set a $27.00 target price on shares of Gamestop Corporation in a research report on Tuesday, April 18th. Loop Capital reissued a “buy” rating and set a $28.00 price target on shares of Gamestop Corporation in a research note on Sunday, May 28th. Vetr lowered Gamestop Corporation from a “sell” rating to a “strong sell” rating and set a $20.04 target price for the company. in a research report on Monday, May 15th. Finally, Bank of America Corporation downgraded Gamestop Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $28.00 to $24.00 in a report on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.64.

Gamestop Corporation (GME) traded up 0.54% during trading on Friday, hitting $20.65. The company had a trading volume of 1,747,801 shares. The company’s 50 day moving average price is $22.90 and its 200-day moving average price is $23.93. Gamestop Corporation has a 12 month low of $20.10 and a 12 month high of $32.67. The company has a market cap of $2.09 billion, a PE ratio of 6.15 and a beta of 1.14.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Gamestop Corporation will post $3.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend was Monday, June 5th. Gamestop Corporation’s dividend payout ratio (DPR) is 44.97%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in Gamestop Corporation by 95.9% in the fourth quarter. Guggenheim Capital LLC now owns 294,864 shares of the company’s stock valued at $7,449,000 after buying an additional 144,312 shares during the period. Ellington Management Group LLC purchased a new position in Gamestop Corporation during the fourth quarter valued at approximately $296,000. Tudor Investment Corp Et Al purchased a new position in Gamestop Corporation during the fourth quarter valued at approximately $323,000. Two Sigma Investments LP boosted its position in Gamestop Corporation by 15,333.6% in the fourth quarter. Two Sigma Investments LP now owns 571,042 shares of the company’s stock valued at $14,425,000 after buying an additional 567,342 shares during the period. Finally, GSA Capital Partners LLP boosted its position in Gamestop Corporation by 8.4% in the fourth quarter. GSA Capital Partners LLP now owns 58,039 shares of the company’s stock valued at $1,466,000 after buying an additional 4,477 shares during the period. Hedge funds and other institutional investors own 99.62% of the company’s stock.

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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.

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