Stephanie M. Shern Sells 4,000 Shares of Gamestop Corporation (GME) Stock
Gamestop Corporation (NYSE:GME) Director Stephanie M. Shern sold 4,000 shares of Gamestop stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the sale, the director now directly owns 13,474 shares in the company, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Gamestop Corporation (NYSE:GME) traded up $0.50 during midday trading on Thursday, hitting $19.52. The stock had a trading volume of 6,476,800 shares, compared to its average volume of 2,852,496. Gamestop Corporation has a fifty-two week low of $15.85 and a fifty-two week high of $26.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. The stock has a market cap of $1,926.86, a price-to-earnings ratio of 5.14, a PEG ratio of 0.38 and a beta of 1.24.
Gamestop (NYSE:GME) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. Gamestop had a return on equity of 16.50% and a net margin of 3.98%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. equities research analysts expect that Gamestop Corporation will post 3.3 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 7.79%. Gamestop’s dividend payout ratio is presently 44.31%.
GME has been the topic of several recent research reports. ValuEngine cut shares of Gamestop from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group set a $20.00 target price on shares of Gamestop and gave the stock a “hold” rating in a research note on Saturday, November 25th. Loop Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of Gamestop in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Gamestop from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, October 25th. Finally, Wedbush set a $25.00 target price on shares of Gamestop and gave the stock a “buy” rating in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Gamestop currently has a consensus rating of “Hold” and an average target price of $23.47.
Several hedge funds and other institutional investors have recently bought and sold shares of GME. Dimensional Fund Advisors LP raised its holdings in shares of Gamestop by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock worth $183,720,000 after acquiring an additional 2,353,774 shares during the period. Numeric Investors LLC purchased a new stake in Gamestop in the 2nd quarter valued at about $34,679,000. Balyasny Asset Management LLC raised its holdings in Gamestop by 1,459.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock valued at $15,663,000 after buying an additional 678,335 shares during the period. OxFORD Asset Management LLP raised its holdings in Gamestop by 3,009.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock valued at $8,318,000 after buying an additional 390,127 shares during the period. Finally, Towle & Co. raised its holdings in Gamestop by 26.2% in the 3rd quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after buying an additional 309,790 shares during the period.
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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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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