Shares of GameStop Corp. (NYSE:GME) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.96.
Several brokerages have recently commented on GME. Loop Capital set a $26.00 price target on GameStop and gave the stock a “buy” rating in a research note on Friday, January 12th. ValuEngine lowered GameStop from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Wedbush set a $23.00 price target on GameStop and gave the stock a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research lowered GameStop from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Finally, Bank of America lowered GameStop from a “neutral” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research note on Thursday, March 29th.
Shares of NYSE:GME opened at $13.43 on Friday. The company has a market cap of $1,360.51, a PE ratio of 4.02, a PEG ratio of 0.29 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.33. GameStop has a 12 month low of $12.20 and a 12 month high of $25.31.
GameStop (NYSE:GME) last announced its quarterly earnings results on Wednesday, March 28th. The company reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.06. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.33 billion. GameStop had a return on equity of 14.87% and a net margin of 0.38%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 EPS. analysts expect that GameStop will post 3.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Monday, March 5th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date was Friday, March 2nd. GameStop’s payout ratio is currently 45.51%.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in GameStop by 40.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,573 shares of the company’s stock valued at $3,566,000 after buying an additional 49,041 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in GameStop by 42.5% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 59,393 shares of the company’s stock valued at $1,066,000 after buying an additional 17,710 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in GameStop by 11.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 617,798 shares of the company’s stock valued at $11,090,000 after buying an additional 61,277 shares in the last quarter. Aperio Group LLC lifted its stake in GameStop by 87.0% in the 4th quarter. Aperio Group LLC now owns 963,757 shares of the company’s stock valued at $17,299,000 after buying an additional 448,416 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in GameStop by 74.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,271 shares of the company’s stock valued at $1,163,000 after acquiring an additional 24,032 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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