GameStop Corp. (GME) Trading Up 7.5%
GameStop Corp. (NYSE:GME) shares were up 7.5% during trading on Monday . The company traded as high as $30.22 and last traded at $30.10, with a volume of 4,328,175 shares trading hands. The stock had previously closed at $27.99.
A number of research analysts have recently commented on GME shares. BB&T Corp. reaffirmed a “buy” rating on shares of GameStop Corp. in a research note on Sunday, March 27th. Wedbush reissued a “buy” rating on shares of GameStop Corp. in a research report on Sunday, March 27th. Robert W. Baird reissued a “buy” rating on shares of GameStop Corp. in a research report on Monday, March 28th. Ascendiant Capital Markets dropped their target price on shares of GameStop Corp. from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Sunday, March 27th. Finally, Vetr downgraded shares of GameStop Corp. from a “strong-buy” rating to a “buy” rating and set a $33.04 target price for the company. in a research report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.83.
The company has a market cap of $3.14 billion and a P/E ratio of 8.07. The stock’s 50 day moving average price is $27.30 and its 200-day moving average price is $28.93.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. The company earned $1.97 billion during the quarter, compared to the consensus estimate of $1.97 billion. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Wednesday, June 8th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Monday, June 6th.
Several hedge funds and institutional investors recently modified their holdings of the stock. BHF Kleinwort Benson Group S.A. increased its position in shares of GameStop Corp. by 6.8% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 583,738 shares of the company’s stock worth $16,368,000 after buying an additional 37,321 shares during the last quarter. Morgan Stanley increased its position in shares of GameStop Corp. by 23.7% in the fourth quarter. Morgan Stanley now owns 838,401 shares of the company’s stock valued at $23,510,000 after buying an additional 160,419 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of GameStop Corp. during the fourth quarter valued at approximately $1,165,000. Vanguard Group Inc. increased its position in shares of GameStop Corp. by 16.5% in the fourth quarter. Vanguard Group Inc. now owns 10,201,922 shares of the company’s stock valued at $286,063,000 after buying an additional 1,447,297 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of GameStop Corp. by 133.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 217,266 shares of the company’s stock valued at $6,090,000 after buying an additional 124,317 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.
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