The GameStop Corp. (GME) to Issue Quarterly Dividend of $0.37 on December 13th

The GameStop Corp. (GME) to Issue Quarterly Dividend of $0.37 on  December 13th

GameStop Corp. (NYSE:GME) declared a quarterly dividend on Monday, November 21st. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.37 per share on Tuesday, December 13th. 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. (NYSE:GME) opened at 25.82 on Monday. The firm has a 50 day moving average of $23.91 and a 200-day moving average of $27.40. The firm has a market cap of $2.68 billion, a P/E ratio of 6.81 and a beta of 1.16. GameStop Corp. has a 12 month low of $20.10 and a 12 month high of $35.83.

GameStop Corp. (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. GameStop Corp. had a net margin of 4.32% and a return on equity of 18.72%. The firm had revenue of $1.96 billion for the quarter. During the same quarter in the prior year, the business earned $0.54 earnings per share. GameStop Corp.’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that GameStop Corp. will post $3.71 earnings per share for the current year.

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 stock was bought at an average price of $26.91 per share, for a total transaction of $269,100.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Investment Management LLC boosted its position in shares of GameStop Corp. by 33.0% in the second quarter. BlackRock Investment Management LLC now owns 307,336 shares of the company’s stock worth $8,169,000 after buying an additional 76,273 shares during the last quarter. BlackRock Fund Advisors raised its position in 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. BlackRock Institutional Trust Company N.A. raised its position in GameStop Corp. by 10.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,304,775 shares of the company’s stock worth $87,841,000 after buying an additional 306,344 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in GameStop Corp. by 41.7% in the second quarter. Ameritas Investment Partners Inc. now owns 16,436 shares of the company’s stock worth $437,000 after buying an additional 4,836 shares in the last quarter. Finally, Advantus Capital Management Inc raised its position in GameStop Corp. by 27.5% in the second quarter. Advantus Capital Management Inc now owns 12,589 shares of the company’s stock worth $335,000 after buying an additional 2,713 shares in the last quarter.

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of GameStop Corp. from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Piper Jaffray Cos. reissued an “outperform” rating and set a $41.00 price objective on shares of GameStop Corp. in a research report on Friday, August 26th. TheStreet raised shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 23rd. Pacific Crest reissued a “hold” rating on shares of GameStop Corp. in a research report on Monday, August 22nd. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $30.00 price objective on shares of GameStop Corp. in a research report on Monday, August 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.90.

About GameStop Corp.

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