Gamestop Corporation (GME) Receives $25.66 Average Price Target from Analysts
Gamestop Corporation (NYSE:GME) has received a consensus rating of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $25.61.
A number of research firms have weighed in on GME. Zacks Investment Research raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Telsey Advisory Group cut shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Gamestop Corporation in a research report on Friday, August 25th. Finally, Loop Capital reissued a “buy” rating and issued a $28.00 price objective on shares of Gamestop Corporation in a research report on Wednesday, August 23rd.
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Shares of Gamestop Corporation (GME) traded up 1.98% on Friday, reaching $20.05. 1,912,207 shares of the company traded hands. The stock has a 50 day moving average of $19.81 and a 200 day moving average of $21.54. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 6.03 and a beta of 1.19. Gamestop Corporation has a 52-week low of $18.47 and a 52-week high of $26.85.
Gamestop Corporation (NYSE:GME) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts expect that Gamestop Corporation will post $3.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 8th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 7.58%. Gamestop Corporation’s payout ratio is 45.65%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GME. Russell Investments Group Ltd. raised its stake in Gamestop Corporation by 5.5% during the first quarter. Russell Investments Group Ltd. now owns 33,375 shares of the company’s stock worth $754,000 after acquiring an additional 1,725 shares during the period. UBS Asset Management Americas Inc. raised its stake in Gamestop Corporation by 15.2% during the first quarter. UBS Asset Management Americas Inc. now owns 93,790 shares of the company’s stock worth $2,115,000 after acquiring an additional 12,366 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Gamestop Corporation by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock worth $322,000 after acquiring an additional 230 shares during the period. Victory Capital Management Inc. raised its stake in Gamestop Corporation by 30.8% during the first quarter. Victory Capital Management Inc. now owns 16,429 shares of the company’s stock worth $370,000 after acquiring an additional 3,868 shares during the period. Finally, Westpac Banking Corp acquired a new stake in Gamestop Corporation during the first quarter worth about $134,000.
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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