Vanguard Group Inc. Acquires 9,885 Shares of Gamestop Corporation (GME)
Vanguard Group Inc. increased its holdings in shares of Gamestop Corporation (NYSE:GME) by 0.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,468,363 shares of the company’s stock after purchasing an additional 9,885 shares during the period. Vanguard Group Inc. owned 8.36% of Gamestop Corporation worth $183,001,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairbanks Capital Management Inc. bought a new position in shares of Gamestop Corporation during the second quarter valued at approximately $3,494,000. Camarda Financial Advisors LLC boosted its stake in shares of Gamestop Corporation by 9.4% during the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock valued at $112,000 after purchasing an additional 447 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Gamestop Corporation during the second quarter valued at approximately $162,000. LS Investment Advisors LLC boosted its stake in shares of Gamestop Corporation by 17.3% during 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 in the last quarter. Finally, National Planning Corp bought a new position in shares of Gamestop Corporation during the second quarter valued at approximately $204,000.
Gamestop Corporation (NYSE:GME) opened at 19.66 on Wednesday. The stock has a market cap of $1.99 billion, a PE ratio of 5.92 and a beta of 1.19. The firm has a 50 day moving average of $19.81 and a 200-day moving average of $21.54. Gamestop Corporation has a 12-month low of $18.47 and a 12-month high of $26.85.
Gamestop Corporation (NYSE:GME) last issued its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts expect that Gamestop Corporation will post $3.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 8th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend was Thursday, September 7th. Gamestop Corporation’s payout ratio is 45.65%.
A number of research firms have recently issued reports on GME. BidaskClub downgraded shares of Gamestop Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research note on Tuesday, June 20th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $25.00 price objective on shares of Gamestop Corporation in a research note on Tuesday. Telsey Advisory Group downgraded shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Gamestop Corporation currently has a consensus rating of “Hold” and an average target price of $25.49.
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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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