Pacer Advisors Inc. lowered its position in Gamestop Corporation (NYSE:GME) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,253 shares of the company’s stock after selling 26 shares during the period. Pacer Advisors Inc.’s holdings in Gamestop Corporation were worth $244,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GME. BlackRock Inc. increased its holdings in shares of Gamestop Corporation by 11,239.8% in the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock valued at $186,314,000 after purchasing an additional 8,189,420 shares in the last quarter. State Street Corp increased its holdings in shares of Gamestop Corporation by 1.1% in the first quarter. State Street Corp now owns 2,973,980 shares of the company’s stock valued at $67,071,000 after purchasing an additional 32,494 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Gamestop Corporation by 80.1% in the first quarter. Oppenheimer & Co. Inc. now owns 15,346 shares of the company’s stock valued at $347,000 after purchasing an additional 6,826 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in shares of Gamestop Corporation by 6.3% in the second quarter. Eqis Capital Management Inc. now owns 21,859 shares of the company’s stock valued at $472,000 after purchasing an additional 1,286 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Gamestop Corporation in the first quarter valued at approximately $2,660,000.
A number of analysts recently weighed in on GME shares. ValuEngine lowered shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Loop Capital reissued a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Gamestop Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Gamestop Corporation in a report on Thursday, May 25th. Finally, Mizuho reissued a “buy” rating and issued a $27.00 price target on shares of Gamestop Corporation in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.53.
Gamestop Corporation (NYSE:GME) opened at 20.08 on Friday. The company has a market capitalization of $2.03 billion, a PE ratio of 6.04 and a beta of 1.19. Gamestop Corporation has a 12 month low of $18.47 and a 12 month high of $28.58. The stock’s 50 day moving average is $20.61 and its 200-day moving average is $22.15.
Gamestop Corporation (NYSE:GME) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that Gamestop Corporation will post $3.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.57%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 45.65%.
About Gamestop Corporation
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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