Gamestop Corporation (GME) Raised to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of Gamestop Corporation (NYSE:GME) from a buy rating to a strong-buy rating in a research report report published on Friday morning. Vetr currently has $33.36 price target on the stock.
Other research analysts also recently issued research reports about the company. Credit Suisse Group set a $20.00 price target on Gamestop Corporation and gave the stock a hold rating in a research note on Sunday, May 28th. BidaskClub downgraded Gamestop Corporation from a hold rating to a sell rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Gamestop Corporation in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Gamestop Corporation from a sell rating to a hold rating in a research note on Monday, May 29th. Finally, Loop Capital reiterated a buy rating and set a $28.00 price target on shares of Gamestop Corporation in a research note on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Gamestop Corporation presently has an average rating of Hold and a consensus target price of $25.53.
Shares of Gamestop Corporation (GME) opened at 20.29 on Friday. The stock’s 50 day moving average price is $20.57 and its 200-day moving average price is $22.11. The firm has a market cap of $2.06 billion, a P/E ratio of 6.11 and a beta of 1.19. Gamestop Corporation has a 12-month low of $18.47 and a 12-month high of $28.58.
Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data 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 business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. On average, analysts predict that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 7.49%. Gamestop Corporation’s dividend payout ratio (DPR) is 45.65%.
Several large investors have recently added to or reduced their stakes in GME. Russell Investments Group Ltd. raised its holdings in shares of Gamestop Corporation by 5.5% in the 1st quarter. Russell Investments Group Ltd. now owns 33,375 shares of the company’s stock valued at $754,000 after acquiring an additional 1,725 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Gamestop Corporation by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 36,936 shares of the company’s stock valued at $833,000 after acquiring an additional 500 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Gamestop Corporation by 3.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 59,099 shares of the company’s stock valued at $1,331,000 after acquiring an additional 1,714 shares in the last quarter. State Treasurer State of Michigan raised its holdings in shares of Gamestop Corporation by 1.0% in the 1st quarter. State Treasurer State of Michigan now owns 41,400 shares of the company’s stock valued at $934,000 after acquiring an additional 400 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Gamestop Corporation in the 1st quarter valued at about $511,000.
About Gamestop Corporation
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.
To view Vetr’s full report, visit Vetr’s official website.
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