GameStop Corp. (GME) Trading Up 4.4%
GameStop Corp. (NYSE:GME) was up 4.4% during trading on Monday . The stock traded as high as $28.79 and last traded at $28.57, with a volume of 2,033,470 shares. The stock had previously closed at $27.37.
Several equities research analysts recently commented on GME shares. Wedbush reissued an “outperform” rating and set a $36.00 target price (down previously from $38.00) on shares of GameStop Corp. in a report on Monday, March 21st. Robert W. Baird reissued an “outperform” rating and set a $46.00 target price on shares of GameStop Corp. in a report on Monday, March 21st. Credit Suisse Group AG reissued a “neutral” rating and set a $38.00 target price on shares of GameStop Corp. in a report on Tuesday, March 22nd. Ascendiant Capital Markets dropped their target price on GameStop Corp. from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Sunday, March 27th. Finally, Benchmark Co. reissued a “sell” rating and set a $26.33 target price (down previously from $27.36) on shares of GameStop Corp. in a report on Monday, March 28th. 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. GameStop Corp. has an average rating of “Hold” and an average target price of $37.79.
The company’s 50-day moving average is $27.26 and its 200-day moving average is $28.91. The company has a market cap of $2.99 billion and a price-to-earnings ratio of 7.69.
GameStop Corp. (NYSE:GME) last released its quarterly earnings results on Thursday, May 26th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.97 billion. GameStop Corp.’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. On average, equities analysts predict that GameStop Corp. will post $4.01 earnings per share for the current year.
The business also recently declared 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 5.15%.
Several hedge funds recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in GameStop Corp. during the fourth quarter valued at approximately $1,165,000. Sei Investments Co. boosted its stake in 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. ProShare Advisors LLC boosted its stake in 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. Oregon Public Employees Retirement Fund boosted its stake in GameStop Corp. by 7.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,477 shares of the company’s stock valued at $1,331,000 after buying an additional 3,400 shares during the period. Finally, TD Asset Management Inc. boosted its stake in 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.
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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