Oppenheimer reiterated their hold rating on shares of Gamestop (NYSE:GME) in a research note published on Wednesday, November 22nd. Oppenheimer also issued estimates for Gamestop’s Q4 2018 earnings at $2.03 EPS and FY2018 earnings at $3.35 EPS.
A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Gamestop from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Wednesday, October 25th. Robert W. Baird reiterated an outperform rating and set a $24.00 price objective on shares of Gamestop in a research note on Tuesday, August 29th. Vetr upgraded shares of Gamestop from a buy rating to a strong-buy rating and set a $33.36 price objective on the stock in a research note on Friday, September 15th. Wedbush set a $25.00 price objective on shares of Gamestop and gave the stock a buy rating in a research note on Thursday, November 16th. Finally, BidaskClub downgraded shares of Gamestop from a hold rating to a sell rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Gamestop currently has a consensus rating of Hold and a consensus target price of $23.47.
Gamestop (GME) opened at $18.63 on Wednesday. The firm has a market cap of $1,910.00, a PE ratio of 5.21, a PEG ratio of 0.39 and a beta of 1.26. Gamestop has a 1 year low of $15.85 and a 1 year high of $26.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38.
Gamestop (NYSE:GME) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Gamestop had a net margin of 3.98% and a return on equity of 16.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.49 earnings per share. Gamestop’s revenue for the quarter was up 1.5% compared to the same quarter last year. sell-side analysts predict that Gamestop will post 3.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.52 dividend on an annualized basis and a yield of 8.16%. Gamestop’s dividend payout ratio (DPR) is presently 44.44%.
In related news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the transaction, the director now owns 13,474 shares in the company, valued at approximately $241,319.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. raised its holdings in Gamestop by 2.7% during the 2nd quarter. Capstone Asset Management Co. now owns 20,721 shares of the company’s stock worth $448,000 after purchasing an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Gamestop by 1.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,626 shares of the company’s stock worth $813,000 after purchasing an additional 690 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Gamestop by 17.3% during the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after purchasing an additional 1,213 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Gamestop by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock worth $571,000 after purchasing an additional 700 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in Gamestop by 23.7% during the 2nd quarter. Aperio Group LLC now owns 402,469 shares of the company’s stock worth $8,697,000 after purchasing an additional 77,091 shares during the last quarter.
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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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