GameStop Corp. (NYSE:GME)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.81 and last traded at $8.92, with a volume of 171404 shares changing hands. The stock had previously closed at $9.32.
GME has been the topic of several research reports. Wedbush set a $15.00 price target on GameStop and gave the company a “buy” rating in a research note on Tuesday, January 29th. ValuEngine downgraded GameStop from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Robert W. Baird upped their price objective on GameStop from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, January 18th. Loop Capital dropped their price objective on GameStop from $15.00 to $12.00 in a report on Tuesday, January 29th. Finally, Credit Suisse Group downgraded GameStop from a “neutral” rating to an “underperform” rating and set a $11.00 price objective for the company. in a report on Tuesday, January 29th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.22.
The firm has a market cap of $914.27 million, a P/E ratio of 4.24 and a beta of 0.65. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 0.35.
GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, April 2nd. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.14). The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.28 billion. GameStop had a negative net margin of 7.71% and a positive return on equity of 14.49%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.02 EPS. Equities analysts expect that GameStop Corp. will post 1.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 16.74%. GameStop’s dividend payout ratio is presently 71.03%.
Several institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of GameStop by 4.5% in the fourth quarter. FMR LLC now owns 15,201,886 shares of the company’s stock worth $191,848,000 after acquiring an additional 657,020 shares in the last quarter. BlackRock Inc. increased its holdings in shares of GameStop by 2.3% in the fourth quarter. BlackRock Inc. now owns 15,143,071 shares of the company’s stock worth $191,107,000 after acquiring an additional 342,916 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of GameStop by 2.1% in the third quarter. Vanguard Group Inc. now owns 10,061,311 shares of the company’s stock worth $153,636,000 after acquiring an additional 206,731 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of GameStop by 2.1% in the third quarter. Vanguard Group Inc now owns 10,061,311 shares of the company’s stock worth $153,636,000 after acquiring an additional 206,731 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of GameStop by 5.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,190,184 shares of the company’s stock worth $40,260,000 after acquiring an additional 157,322 shares in the last quarter. Institutional investors own 98.74% of the company’s stock.
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About GameStop (NYSE:GME)
GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. 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 for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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