GameStop Corp. (NYSE:GME) has been given a $30.00 target price by equities researchers at Wedbush in a research report issued on Saturday. The firm currently has a “buy” rating on the stock. Wedbush’s price target would indicate a potential upside of 16.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Pacific Crest reissued a “hold” rating on shares of GameStop Corp. in a research note on Sunday, August 28th. Robert W. Baird reissued an “outperform” rating and issued a $25.00 price objective (down from $40.00) on shares of GameStop Corp. in a research note on Friday, November 4th. Benchmark Co. lowered their price objective on shares of GameStop Corp. from $24.99 to $20.67 and set a “sell” rating on the stock in a research note on Wednesday, November 2nd. Telsey Advisory Group lowered their price objective on shares of GameStop Corp. from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Finally, TheStreet raised shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.90.
Shares of GameStop Corp. (NYSE:GME) traded down 0.92% during trading on Friday, reaching $25.82. 2,313,321 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $23.91 and a 200-day moving average price of $27.40. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.81 and a beta of 1.16. GameStop Corp. has a 52 week low of $20.10 and a 52 week high of $35.83.
GameStop Corp. (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business earned $1.96 billion during the quarter. GameStop Corp. had a net margin of 4.32% and a return on equity of 18.72%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts predict that GameStop Corp. will post $3.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend is Tuesday, November 29th. GameStop Corp.’s payout ratio is currently 39.47%.
In related news, EVP Michael Mauler purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was acquired at an average price of $26.91 per share, with a total value of $269,100.00. Following the completion of the transaction, the executive vice president now owns 120,922 shares of the company’s stock, valued at $3,254,011.02. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in GME. Assetmark bought a new stake in GameStop Corp. during the third quarter worth $0. WFG Advisors LP increased its stake in GameStop Corp. by 8.8% in the second quarter. WFG Advisors LP now owns 3,950 shares of the company’s stock worth $105,000 after buying an additional 320 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in GameStop Corp. by 32.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,415 shares of the company’s stock worth $108,000 after buying an additional 840 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in GameStop Corp. during the first quarter worth $117,000. Finally, SG Americas Securities LLC increased its stake in GameStop Corp. by 102.5% in the third quarter. SG Americas Securities LLC now owns 4,347 shares of the company’s stock worth $120,000 after buying an additional 180,696 shares during the last quarter.
GameStop Corp. Company Profile