GameStop Corp. (NYSE:GME) was down 2.2% during trading on Friday . The stock traded as low as $27.98 and last traded at $27.99, with a volume of 2,464,740 shares changing hands. The stock had previously closed at $28.62.

Several equities research analysts recently commented on GME shares. Zacks Investment Research raised GameStop Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $38.00 target price on shares of GameStop Corp. in a research report on Tuesday, March 22nd. Robert W. Baird reaffirmed a “buy” rating on shares of GameStop Corp. in a research report on Sunday, May 29th. Bank of America Corp. reaffirmed a “hold” rating on shares of GameStop Corp. in a research report on Sunday, May 29th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of GameStop Corp. in a research report on Saturday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.79.

The firm’s 50 day moving average price is $27.17 and its 200 day moving average price is $28.90. The company has a market cap of $2.91 billion and a PE ratio of 7.48.

GameStop Corp. (NYSE:GME) last issued its earnings results on Thursday, May 26th. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.97 billion. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, equities analysts anticipate that GameStop Corp. will post $4.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Wednesday, June 8th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, June 6th. This represents a $1.48 annualized dividend and a dividend yield of 5.29%.

Several hedge funds and institutional investors have modified their holdings of the company. Nationwide Fund Advisors increased its position in shares of GameStop Corp. by 168.7% in the fourth quarter. Nationwide Fund Advisors now owns 264,358 shares of the company’s stock valued at $7,413,000 after buying an additional 165,962 shares in the last quarter. California State Teachers Retirement System increased its position in shares of GameStop Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 204,945 shares of the company’s stock valued at $5,747,000 after buying an additional 3,176 shares in the last quarter. Swiss National Bank increased its position in shares of GameStop Corp. by 1.3% in the fourth quarter. Swiss National Bank now owns 193,336 shares of the company’s stock valued at $5,421,000 after buying an additional 2,500 shares in the last quarter. Sei Investments Co. increased its position in shares of GameStop Corp. by 520.4% in the fourth quarter. Sei Investments Co. now owns 43,711 shares of the company’s stock valued at $1,225,000 after buying an additional 36,665 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in shares of GameStop Corp. by 1.1% in the fourth quarter. TD Asset Management Inc. now owns 47,690 shares of the company’s stock valued at $1,337,000 after buying an additional 500 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.