Robert W. Baird reiterated their outperform rating on shares of GameStop Corp. (NYSE:GME) in a research report sent to investors on Wednesday morning. They currently have a $25.00 target price on the stock.
Several other equities analysts have also recently weighed in on GME. Zacks Investment Research upgraded GameStop Corp. from a hold rating to a strong-buy rating and set a $36.00 price objective for the company in a report on Wednesday, July 27th. Vetr upgraded GameStop Corp. from a buy rating to a strong-buy rating and set a $33.63 price objective for the company in a report on Tuesday, August 2nd. Piper Jaffray Cos. reiterated an overweight rating and set a $41.00 price target on shares of GameStop Corp. in a report on Saturday, August 13th. Wedbush reiterated a buy rating on shares of GameStop Corp. in a report on Wednesday, August 17th. Finally, Credit Suisse Group AG reiterated a hold rating and set a $30.00 price target on shares of GameStop Corp. in a report on Monday, August 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $30.90.
GameStop Corp. (NYSE:GME) opened at 25.82 on Wednesday. The stock 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 52 week low of $20.10 and a 52 week high of $35.83. The firm has a 50-day moving average price of $23.91 and a 200-day moving average price of $27.40.
GameStop Corp. (NYSE:GME) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company earned $1.96 billion during the quarter. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. GameStop Corp.’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities research analysts predict that GameStop Corp. will post $3.71 EPS for the current year.
The company also recently disclosed 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 annualized dividend and a yield of 5.73%. GameStop Corp.’s dividend payout ratio is currently 39.47%.
In related news, EVP Michael Mauler bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $26.91 per share, with a total value of $269,100.00. Following the completion of the purchase, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Americafirst Capital Management LLC bought a new stake in GameStop Corp. during the second quarter worth $150,000. Nisa Investment Advisors LLC boosted its stake in shares of GameStop Corp. by 265.2% in the second quarter. Nisa Investment Advisors LLC now owns 66,100 shares of the company’s stock valued at $1,757,000 after buying an additional 48,000 shares in the last quarter. Weaver C. Barksdale & Associates Inc. boosted its stake in shares of GameStop Corp. by 8.3% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 19,820 shares of the company’s stock valued at $527,000 after buying an additional 1,514 shares in the last quarter. TT International boosted its stake in shares of GameStop Corp. by 26.9% in the second quarter. TT International now owns 90,157 shares of the company’s stock valued at $2,396,000 after buying an additional 19,123 shares in the last quarter. Finally, Alpha Windward LLC acquired a new stake in shares of GameStop Corp. during the second quarter valued at $407,000.
About GameStop Corp.