GameStop Corp. (NYSE:GME) was downgraded by equities research analysts at Vetr from a “buy” rating to a “sell” rating in a research report issued on Thursday. They presently have a $25.08 price objective on the stock. Vetr‘s price objective indicates a potential downside of 2.87% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a research report on Wednesday, August 17th. TheStreet raised GameStop Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Hilliard Lyons raised GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Friday, September 9th. Bank of America Corp. set a $37.00 price objective on GameStop Corp. and gave the company a “buy” rating in a research note on Friday, October 7th. Finally, SunTrust Banks Inc. reissued a “buy” rating on shares of GameStop Corp. in a research note on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. GameStop Corp. currently has a consensus rating of “Hold” and a consensus price target of $30.90.
GameStop Corp. (NYSE:GME) opened at 25.82 on Thursday. The company has a market capitalization 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. The company’s 50 day moving average price is $23.91 and its 200-day moving average price is $27.40.
GameStop Corp. (NYSE:GME) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The firm had revenue of $1.96 billion for the quarter. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that GameStop Corp. will post $3.71 earnings per share for the current fiscal 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.73%. The ex-dividend date is Tuesday, November 29th. GameStop Corp.’s dividend payout ratio (DPR) is 39.47%.
In other news, EVP Michael Mauler acquired 10,000 shares of GameStop Corp. stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $26.91 per share, with a total value of $269,100.00. Following the completion of the acquisition, the executive vice president now owns 120,922 shares in the company, valued at $3,254,011.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in GME. Dalton Greiner Hartman Maher & Co. bought a new position in GameStop Corp. during the third quarter worth approximately $23,569,000. State of New Jersey Common Pension Fund D raised its position in 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 during the last quarter. Oregon Public Employees Retirement Fund raised its position in GameStop Corp. by 86.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 84,878 shares of the company’s stock worth $2,256,000 after buying an additional 39,442 shares during the last quarter. Genesee Valley Trust Co. raised its position in GameStop Corp. by 18.4% in the second quarter. Genesee Valley Trust Co. now owns 34,586 shares of the company’s stock worth $919,000 after buying an additional 5,380 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in GameStop Corp. by 157.5% in the second quarter. Retirement Systems of Alabama now owns 134,091 shares of the company’s stock worth $3,564,000 after buying an additional 82,016 shares during the last quarter.
GameStop Corp. Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.