GameStop Corp. (NYSE:GME) traded down 6.1% during trading on Monday . The company traded as low as $15.49 and last traded at $15.52. 3,577,600 shares changed hands during trading, a decline of 19% from the average session volume of 4,410,924 shares. The stock had previously closed at $16.52.

Several brokerages have issued reports on GME. Jefferies Financial Group began coverage on shares of GameStop in a research note on Monday, July 9th. They issued a “buy” rating and a $18.00 price target on the stock. Robert W. Baird lowered their price target on shares of GameStop from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, June 1st. Credit Suisse Group set a $15.00 price target on shares of GameStop and gave the company a “hold” rating in a research note on Friday, June 1st. Telsey Advisory Group lowered their price target on shares of GameStop from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Friday, June 1st. Finally, Wedbush reiterated a “buy” rating and issued a $19.00 price target on shares of GameStop in a research note on Tuesday, May 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. GameStop has an average rating of “Hold” and an average target price of $16.42.

The company has a market cap of $1.58 billion, a PE ratio of 4.80 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 1.45.

GameStop (NYSE:GME) last announced its quarterly earnings data on Thursday, September 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). GameStop had a negative net margin of 0.48% and a positive return on equity of 13.78%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business earned $0.15 EPS. The business’s revenue was down 2.4% on a year-over-year basis. equities research analysts expect that GameStop Corp. will post 3.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 18th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Monday, September 17th. GameStop’s dividend payout ratio (DPR) is presently 45.51%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of GameStop by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 443,813 shares of the company’s stock valued at $5,601,000 after acquiring an additional 7,986 shares during the period. Comerica Bank grew its position in shares of GameStop by 35.1% in the 2nd quarter. Comerica Bank now owns 111,504 shares of the company’s stock valued at $1,626,000 after acquiring an additional 28,957 shares during the period. Royal Bank of Canada grew its position in shares of GameStop by 151.5% in the 1st quarter. Royal Bank of Canada now owns 267,505 shares of the company’s stock valued at $3,375,000 after acquiring an additional 161,145 shares during the period. Eqis Capital Management Inc. grew its position in shares of GameStop by 20.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 35,097 shares of the company’s stock valued at $511,000 after acquiring an additional 5,844 shares during the period. Finally, OppenheimerFunds Inc. grew its position in shares of GameStop by 27.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,325,627 shares of the company’s stock valued at $19,314,000 after acquiring an additional 288,549 shares during the period.

About GameStop (NYSE:GME)

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

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