Gamestop Corporation’s (GME) “Outperform” Rating Reaffirmed at Robert W. Baird
Robert W. Baird reiterated their outperform rating on shares of Gamestop Corporation (NYSE:GME) in a research note released on Tuesday morning. Robert W. Baird currently has a $24.00 price objective on the stock.
GME has been the subject of a number of other reports. Telsey Advisory Group raised shares of Gamestop Corporation from a market perform rating to an outperform rating in a research report on Wednesday, May 10th. Vetr lowered shares of Gamestop Corporation from a strong-buy rating to a sell rating and set a $22.69 price target on the stock. in a research report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Gamestop Corporation from a hold rating to a sell rating in a research report on Thursday, July 27th. Loop Capital reissued a buy rating and set a $28.00 price target on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reissued a hold rating on shares of Gamestop Corporation in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $24.84.
Shares of Gamestop Corporation (NYSE GME) opened at 18.75 on Tuesday. The stock has a 50 day moving average price of $21.31 and a 200 day moving average price of $22.75. Gamestop Corporation has a 12-month low of $18.64 and a 12-month high of $30.51. The firm has a market capitalization of $1.90 billion, a PE ratio of 5.64 and a beta of 1.20.
Gamestop Corporation (NYSE:GME) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. Analysts predict that Gamestop Corporation will post $3.30 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.11%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio is 45.65%.
Several hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Gamestop Corporation by 11.2% in the second quarter. Advisory Services Network LLC now owns 14,907 shares of the company’s stock valued at $322,000 after buying an additional 1,503 shares during the period. Public Employees Retirement System of Ohio raised its stake in Gamestop Corporation by 35.2% in the second quarter. Public Employees Retirement System of Ohio now owns 32,239 shares of the company’s stock valued at $697,000 after buying an additional 8,394 shares during the period. The Manufacturers Life Insurance Company raised its stake in Gamestop Corporation by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 150,266 shares of the company’s stock valued at $3,247,000 after buying an additional 1,762 shares during the period. Caxton Associates LP acquired a new stake in Gamestop Corporation during the second quarter valued at about $313,000. Finally, Cubist Systematic Strategies LLC raised its stake in Gamestop Corporation by 153.6% in the second quarter. Cubist Systematic Strategies LLC now owns 126,376 shares of the company’s stock valued at $2,731,000 after buying an additional 76,545 shares during the period.
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.
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