Other equities research analysts also recently issued research reports about the company. Loop Capital restated a buy rating and set a $28.00 target price on shares of Gamestop in a research report on Wednesday. Zacks Investment Research downgraded Gamestop from a buy rating to a hold rating in a research report on Tuesday, November 7th. BidaskClub upgraded Gamestop from a sell rating to a hold rating in a research report on Friday, August 4th. Bank of America Corporation restated a hold rating and set a $23.00 target price on shares of Gamestop in a research report on Wednesday. Finally, Telsey Advisory Group downgraded Gamestop from an outperform rating to a market perform rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $23.47.
Gamestop (NYSE:GME) opened at $17.42 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.49. Gamestop has a 52-week low of $15.85 and a 52-week high of $26.84. The stock has a market capitalization of $1,764.77, a price-to-earnings ratio of 4.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.24.
Gamestop (NYSE:GME) last released its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Gamestop had a return on equity of 16.50% and a net margin of 3.98%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. equities research analysts expect that Gamestop will post 3.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.52 dividend on an annualized basis and a yield of 8.73%. Gamestop’s dividend payout ratio is presently 44.31%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its holdings in Gamestop by 74.5% in the third quarter. Public Employees Retirement System of Ohio now owns 56,271 shares of the company’s stock valued at $1,163,000 after purchasing an additional 24,032 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Gamestop by 197.5% in the third quarter. GSA Capital Partners LLP now owns 29,388 shares of the company’s stock valued at $607,000 after purchasing an additional 19,510 shares during the last quarter. Coastline Trust Co increased its holdings in Gamestop by 59.5% in the third quarter. Coastline Trust Co now owns 22,360 shares of the company’s stock valued at $462,000 after purchasing an additional 8,340 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in Gamestop by 15.9% in the third quarter. First Heartland Consultants Inc. now owns 84,896 shares of the company’s stock valued at $1,754,000 after purchasing an additional 11,650 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Gamestop by 11.3% in the third quarter. California Public Employees Retirement System now owns 538,821 shares of the company’s stock valued at $11,132,000 after purchasing an additional 54,518 shares during the last quarter.
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Gamestop 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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