BB&T Securities LLC grew its holdings in Gamestop Corporation (NYSE:GME) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,655 shares of the company’s stock after buying an additional 15,336 shares during the period. BB&T Securities LLC owned 0.06% of Gamestop worth $1,294,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Gamestop by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after buying an additional 2,353,774 shares during the last quarter. State Street Corp lifted its holdings in Gamestop by 1.6% during the 2nd quarter. State Street Corp now owns 3,020,149 shares of the company’s stock worth $65,265,000 after purchasing an additional 46,169 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Gamestop by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,378,388 shares of the company’s stock worth $51,398,000 after purchasing an additional 24,784 shares during the last quarter. Numeric Investors LLC acquired a new stake in Gamestop during the 2nd quarter worth approximately $34,679,000. Finally, Prudential Financial Inc. lifted its holdings in Gamestop by 10.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,570,422 shares of the company’s stock worth $33,936,000 after purchasing an additional 154,861 shares during the last quarter.
In other news, Director Stephanie M. Shern sold 4,000 shares of Gamestop stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the transaction, the director now owns 13,474 shares in the company, valued at approximately $241,319.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.
Shares of Gamestop Corporation (NYSE GME) traded down $0.38 on Friday, hitting $18.63. The stock had a trading volume of 3,277,500 shares, compared to its average volume of 2,873,225. Gamestop Corporation has a one year low of $15.85 and a one year high of $26.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. The company has a market cap of $1,925.80, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 0.38 and a beta of 1.26.
Gamestop (NYSE:GME) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Gamestop had a return on equity of 16.50% and a net margin of 3.98%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities analysts expect that Gamestop Corporation will post 3.3 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a $0.38 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 8.16%. Gamestop’s payout ratio is 44.31%.
Several research firms recently weighed in on GME. Oppenheimer reissued a “hold” rating on shares of Gamestop in a report on Friday, August 25th. Loop Capital reissued a “buy” rating and set a $28.00 price target on shares of Gamestop in a report on Wednesday, August 23rd. Robert W. Baird reissued an “outperform” rating and set a $24.00 price target on shares of Gamestop in a report on Tuesday, August 29th. Zacks Investment Research cut Gamestop from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, ValuEngine cut Gamestop from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.47.
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Gamestop 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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