GameStop Corp. (NYSE:GME) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 16,573 put options on the company. This represents an increase of 1,025% compared to the typical daily volume of 1,473 put options.
A number of equities research analysts have issued reports on GME shares. Bank of America set a $10.00 price objective on shares of GameStop and gave the stock a “sell” rating in a research note on Saturday, October 20th. Zacks Investment Research reiterated a “sell” rating on shares of GameStop in a research note on Tuesday, November 13th. Wedbush reduced their price objective on shares of GameStop from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 30th. TheStreet downgraded shares of GameStop from a “c” rating to a “d+” rating in a research note on Friday, November 30th. Finally, Loop Capital set a $16.00 price objective on shares of GameStop and gave the stock a “hold” rating in a research note on Friday, November 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.13.
Shares of GameStop stock opened at $15.96 on Friday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 4.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 1.10. GameStop has a 12-month low of $11.56 and a 12-month high of $20.31.
The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Tuesday, December 11th were paid a $0.38 dividend. The ex-dividend date was Monday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.52%. GameStop’s payout ratio is currently 45.51%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of GameStop by 3.9% in the 3rd quarter. BlackRock Inc. now owns 14,800,155 shares of the company’s stock valued at $225,998,000 after purchasing an additional 550,779 shares in the last quarter. FMR LLC boosted its stake in shares of GameStop by 2.2% in the 3rd quarter. FMR LLC now owns 14,544,866 shares of the company’s stock valued at $222,100,000 after purchasing an additional 319,831 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of GameStop by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 10,061,311 shares of the company’s stock valued at $153,636,000 after purchasing an additional 206,731 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of GameStop by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 10,061,311 shares of the company’s stock valued at $153,636,000 after purchasing an additional 206,731 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of GameStop by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,032,862 shares of the company’s stock valued at $46,313,000 after purchasing an additional 99,147 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.
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GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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