Loop Capital reaffirmed their buy rating on shares of Gamestop Corporation (NYSE:GME) in a report issued on Wednesday. Loop Capital currently has a $28.00 price target on the stock.

Several other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Gamestop Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Gamestop Corporation from a hold rating to a buy rating and set a $22.00 price target for the company in a research note on Wednesday, October 25th. Wedbush set a $25.00 price target on shares of Gamestop Corporation and gave the company a buy rating in a research note on Thursday, November 16th. Vetr downgraded shares of Gamestop Corporation from a strong-buy rating to a hold rating and set a $16.58 price target for the company. in a research note on Friday, November 17th. Finally, Robert W. Baird reissued a buy rating and issued a $24.00 price objective on shares of Gamestop Corporation in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Gamestop Corporation presently has an average rating of Hold and a consensus target price of $23.83.

Gamestop Corporation (NYSE:GME) opened at $17.37 on Wednesday. Gamestop Corporation has a 12-month low of $15.85 and a 12-month high of $26.84. The stock has a market capitalization of $1,694.87, a P/E ratio of 4.52, a price-to-earnings-growth ratio of 0.34 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.34.

Gamestop Corporation (NYSE:GME) last announced its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Gamestop Corporation had a return on equity of 16.57% and a net margin of 3.98%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts forecast that Gamestop Corporation will post 3.3 EPS for the current fiscal year.

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The business also recently disclosed 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Thursday, November 30th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 44.31%.

A number of large investors have recently bought and sold shares of GME. Capstone Asset Management Co. boosted its holdings in Gamestop Corporation by 2.7% in the second quarter. Capstone Asset Management Co. now owns 20,721 shares of the company’s stock valued at $448,000 after purchasing an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Gamestop Corporation by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,626 shares of the company’s stock valued at $813,000 after purchasing an additional 690 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Gamestop Corporation by 17.3% in the second quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after purchasing an additional 1,213 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Gamestop Corporation by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock valued at $571,000 after purchasing an additional 700 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in Gamestop Corporation by 23.7% in the second quarter. Aperio Group LLC now owns 402,469 shares of the company’s stock valued at $8,697,000 after purchasing an additional 77,091 shares during the last quarter.

Gamestop Corporation Company Profile

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.

Analyst Recommendations for Gamestop Corporation (NYSE:GME)

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