GameStop Corp. (NYSE:GME) shares shot up 7.5% on Monday . The stock traded as high as $30.22 and last traded at $30.10, with a volume of 4,328,175 shares. The stock had previously closed at $27.99.

Several research firms have weighed in on GME. Wedbush reaffirmed a “buy” rating on shares of GameStop Corp. in a research report on Sunday, March 27th. BB&T Corp. reissued a “buy” rating on shares of GameStop Corp. in a report on Sunday, March 27th. Telsey Advisory Group reissued a “hold” rating on shares of GameStop Corp. in a report on Sunday, April 17th. Bank of America Corp. reissued a “hold” rating on shares of GameStop Corp. in a report on Sunday, April 17th. Finally, Piper Jaffray Cos. reissued a “buy” rating on shares of GameStop Corp. in a report on Saturday, May 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.79.

The company’s 50-day moving average is $27.17 and its 200-day moving average is $28.90. The stock has a market capitalization of $3.15 billion and a PE ratio of 8.09.

GameStop Corp. (NYSE:GME) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The company earned $1.97 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the firm posted $0.68 earnings per share. GameStop Corp.’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts anticipate that GameStop Corp. will post $4.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Wednesday, June 8th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Monday, June 6th.

Several institutional investors recently made changes to their positions in GME. Swiss National Bank boosted 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 during the period. Sei Investments Co. boosted 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 during the period. TD Asset Management Inc. boosted 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 during the period. California Public Employees Retirement System boosted its position in shares of GameStop Corp. by 10.8% in the fourth quarter. California Public Employees Retirement System now owns 475,703 shares of the company’s stock valued at $13,339,000 after buying an additional 46,300 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of GameStop Corp. by 19.4% in the fourth quarter. ProShare Advisors LLC now owns 46,026 shares of the company’s stock valued at $1,291,000 after buying an additional 7,493 shares during the period.

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.

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