Brokerages Set Gamestop Corporation (GME) PT at $24.17
Gamestop Corporation (NYSE:GME) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.17.
Several equities analysts have recently issued reports on the company. Credit Suisse Group set a $20.00 target price on Gamestop Corporation and gave the stock a “hold” rating in a research report on Sunday, May 28th. Bank of America Corporation set a $27.00 target price on Gamestop Corporation and gave the stock a “hold” rating in a research report on Saturday, May 13th. BidaskClub lowered Gamestop Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop Corporation in a research report on Tuesday, June 20th. Finally, Vetr lowered Gamestop Corporation from a “sell” rating to a “strong sell” rating and set a $20.04 target price for the company. in a research report on Monday, May 15th.
Gamestop Corporation (NYSE GME) traded down 1.54% during mid-day trading on Friday, hitting $18.50. 2,629,557 shares of the stock were exchanged. The stock has a market capitalization of $1.88 billion, a P/E ratio of 5.57 and a beta of 1.20. The firm has a 50-day moving average price of $21.07 and a 200-day moving average price of $22.57. Gamestop Corporation has a 12-month low of $18.47 and a 12-month high of $30.51.
Gamestop Corporation (NYSE:GME) last posted its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. Gamestop Corporation’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities analysts predict that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio is currently 45.65%.
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Large investors have recently made changes to their positions in the company. James Investment Research Inc. boosted its stake in shares of Gamestop Corporation by 21.0% in the first quarter. James Investment Research Inc. now owns 4,630 shares of the company’s stock worth $104,000 after buying an additional 805 shares in the last quarter. Camarda Financial Advisors LLC boosted its stake in shares of Gamestop Corporation by 9.4% in the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock worth $112,000 after buying an additional 447 shares in the last quarter. Westpac Banking Corp bought a new stake in shares of Gamestop Corporation during the first quarter worth about $134,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock worth $149,000 after buying an additional 3,700 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Gamestop Corporation during the second quarter worth about $162,000.
About Gamestop Corporation
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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