Robert W. Baird reaffirmed their outperform rating on shares of GameStop Corp. (NYSE:GME) in a report published on Wednesday. They currently have a $25.00 price target on the stock.
Several other equities analysts have also recently commented on GME. Zacks Investment Research upgraded shares of GameStop Corp. from a hold rating to a strong-buy rating and set a $36.00 target price for the company in a research note on Wednesday, July 27th. Vetr upgraded shares of GameStop Corp. from a buy rating to a strong-buy rating and set a $33.63 target price for the company in a research note on Tuesday, August 2nd. Piper Jaffray Cos. reiterated an overweight rating and set a $41.00 target price on shares of GameStop Corp. in a research note on Saturday, August 13th. Wedbush reiterated a buy rating on shares of GameStop Corp. in a research note on Wednesday, August 17th. Finally, Credit Suisse Group AG reiterated a hold rating and set a $30.00 target price on shares of GameStop Corp. in a research note on Monday, August 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $30.90.
Shares of GameStop Corp. (NYSE:GME) opened at 24.78 on Wednesday. GameStop Corp. has a 52-week low of $20.10 and a 52-week high of $35.17. The firm’s 50 day moving average is $23.86 and its 200-day moving average is $27.33. The company has a market capitalization of $2.58 billion, a P/E ratio of 6.53 and a beta of 1.16.
GameStop Corp. (NYSE:GME) last released its earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm earned $1.96 billion during the quarter. GameStop Corp. had a net margin of 4.32% and a return on equity of 18.72%. GameStop Corp.’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Equities research analysts anticipate that GameStop Corp. will post $3.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, November 29th. This represents a $1.48 dividend on an annualized basis and a yield of 5.88%. GameStop Corp.’s payout ratio is presently 39.47%.
In other GameStop Corp. news, EVP Michael Mauler bought 10,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were bought at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the transaction, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GME. BlackRock Fund Advisors increased its stake in shares of GameStop Corp. by 121.9% in the second quarter. BlackRock Fund Advisors now owns 3,625,827 shares of the company’s stock worth $96,374,000 after buying an additional 1,991,782 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of GameStop Corp. by 403.8% in the second quarter. JPMorgan Chase & Co. now owns 1,162,782 shares of the company’s stock worth $30,906,000 after buying an additional 931,985 shares in the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of GameStop Corp. during the third quarter worth $23,569,000. State of New Jersey Common Pension Fund D increased its stake in shares of GameStop Corp. by 114.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock worth $39,870,000 after buying an additional 800,000 shares in the last quarter. Finally, Chartwell Investment Partners LLC increased its stake in shares of GameStop Corp. by 3,534.9% in the third quarter. Chartwell Investment Partners LLC now owns 694,815 shares of the company’s stock worth $19,170,000 after buying an additional 675,700 shares in the last quarter.
About GameStop Corp.