Shares of GameStop Corp. (NYSE:GME) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.06.
GME has been the topic of several research reports. Wedbush set a $23.00 price target on GameStop and gave the company a “buy” rating in a research note on Monday, February 12th. Credit Suisse Group set a $20.00 price target on GameStop and gave the company a “hold” rating in a research note on Saturday, November 25th. Loop Capital set a $26.00 price target on GameStop and gave the company a “buy” rating in a research note on Friday, January 12th. ValuEngine raised GameStop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Vetr lowered GameStop from a “strong-buy” rating to a “hold” rating and set a $16.58 price target on the stock. in a research note on Friday, November 17th.
Shares of GameStop (GME) traded up $0.11 during mid-day trading on Wednesday, hitting $15.42. The stock had a trading volume of 5,082,996 shares, compared to its average volume of 2,996,075. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1,550.97, a PE ratio of 4.50, a PEG ratio of 0.31 and a beta of 1.26. GameStop has a 12 month low of $15.10 and a 12 month high of $25.31.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.86%. The ex-dividend date is Friday, March 2nd. GameStop’s payout ratio is 44.31%.
A number of large investors have recently added to or reduced their stakes in GME. Crossmark Global Holdings Inc. acquired a new position in GameStop in the third quarter valued at about $456,000. Victory Capital Management Inc. raised its position in shares of GameStop by 40.7% during the third quarter. Victory Capital Management Inc. now owns 24,982 shares of the company’s stock worth $516,000 after purchasing an additional 7,226 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of GameStop by 31.9% during the third quarter. BNP Paribas Arbitrage SA now owns 386,829 shares of the company’s stock worth $7,992,000 after purchasing an additional 93,619 shares during the period. New York State Common Retirement Fund raised its position in shares of GameStop by 26.3% during the third quarter. New York State Common Retirement Fund now owns 278,400 shares of the company’s stock worth $5,752,000 after purchasing an additional 57,900 shares during the period. Finally, Rhumbline Advisers raised its position in shares of GameStop by 2.4% during the third quarter. Rhumbline Advisers now owns 182,001 shares of the company’s stock worth $3,760,000 after purchasing an additional 4,301 shares during the period.
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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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