Robert W. Baird restated their outperform rating on shares of GameStop Corp. (NYSE:GME) in a research report report published on Saturday morning. They currently have a $24.00 price target on the stock.
Other research analysts also recently issued research reports about the company. Wedbush set a $30.00 target price on GameStop Corp. and gave the stock a buy rating in a research note on Saturday, November 26th. Bank of America Corp reissued a buy rating on shares of GameStop Corp. in a research note on Saturday, March 11th. Piper Jaffray Companies reaffirmed a neutral rating and issued a $23.00 price objective on shares of GameStop Corp. in a research note on Wednesday, December 28th. Zacks Investment Research raised GameStop Corp. from a sell rating to a hold rating in a research note on Friday, March 24th. Finally, Telsey Advisory Group downgraded GameStop Corp. from an outperform rating to a market perform rating and lowered their price objective for the company from $28.00 to $27.00 in a research note on Monday, March 13th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $26.18.
Shares of GameStop Corp. (NYSE:GME) remained flat at $23.19 during midday trading on Friday. 1,766,850 shares of the stock traded hands. GameStop Corp. has a one year low of $20.10 and a one year high of $33.72. The company has a market capitalization of $2.35 billion, a PE ratio of 6.82 and a beta of 1.18. The company’s 50 day moving average is $23.17 and its 200-day moving average is $24.31.
GameStop Corp. (NYSE:GME) last issued its earnings results on Thursday, March 23rd. The company reported $2.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.09. The firm earned $3.05 billion during the quarter, compared to the consensus estimate of $3.06 billion. GameStop Corp. had a return on equity of 18.74% and a net margin of 4.32%. The business’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.40 earnings per share. Analysts forecast that GameStop Corp. will post $3.29 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 28th. Shareholders of record on Tuesday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.55%. This is a boost from GameStop Corp.’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, March 10th. GameStop Corp.’s dividend payout ratio is presently 39.47%.
Institutional investors have recently bought and sold shares of the company. Premier Asset Managment LLC boosted its position in shares of GameStop Corp. by 2.7% in the third quarter. Premier Asset Managment LLC now owns 46,250 shares of the company’s stock worth $1,276,000 after buying an additional 1,200 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new position in shares of GameStop Corp. during the third quarter worth about $284,000. Rothschild Investment Corp IL purchased a new position in shares of GameStop Corp. during the third quarter worth about $290,000. First Western Capital Management Co purchased a new position in shares of GameStop Corp. during the third quarter worth about $1,192,000. Finally, Coastline Trust Co boosted its position in shares of GameStop Corp. by 16.9% in the third quarter. Coastline Trust Co now owns 29,940 shares of the company’s stock worth $827,000 after buying an additional 4,320 shares in the last quarter.
About GameStop Corp.
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. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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