GameStop (NYSE:GME) General Counsel Sells $122,703.42 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 4,449 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total value of $122,703.42. Following the sale, the general counsel owned 112,302 shares of the company’s stock, valued at approximately $3,097,289.16. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Mark Haymond Robinson also recently made the following trade(s):

• On Thursday, July 24th, Mark Haymond Robinson sold 30 shares of GameStop stock. The stock was sold at an average price of $23.81, for a total value of $714.30.
• On Wednesday, July 23rd, Mark Haymond Robinson sold 11,055 shares of GameStop stock. The stock was sold at an average price of $24.18, for a total value of $267,309.90.

GameStop Price Performance

Shares of NYSE:GME opened at $25.40 on Friday. The company has a current ratio of 11.37, a quick ratio of 10.79 and a debt-to-equity ratio of 0.80. GameStop Corp. has a 1 year low of $20.30 and a 1 year high of $35.81. The business has a fifty day simple moving average of $23.95 and a 200 day simple moving average of $25.21. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 34.79 and a beta of -0.86.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, September 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.06. GameStop had a return on equity of 7.72% and a net margin of 9.41%.The company had revenue of $972.20 million for the quarter, compared to analyst estimates of $823.25 million. During the same period last year, the company earned $0.04 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts predict that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GameStop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in GameStop by 0.5% during the second quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company’s stock valued at $2,357,000 after acquiring an additional 511 shares during the period. Wealthfront Advisers LLC increased its stake in GameStop by 1.9% during the second quarter. Wealthfront Advisers LLC now owns 30,761 shares of the company’s stock valued at $750,000 after acquiring an additional 576 shares during the period. Fifth Third Bancorp increased its stake in GameStop by 10.3% during the first quarter. Fifth Third Bancorp now owns 6,227 shares of the company’s stock valued at $139,000 after acquiring an additional 579 shares during the period. Louisiana State Employees Retirement System increased its stake in GameStop by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 114,500 shares of the company’s stock valued at $2,793,000 after acquiring an additional 600 shares during the period. Finally, State of Michigan Retirement System increased its stake in GameStop by 0.6% during the second quarter. State of Michigan Retirement System now owns 97,900 shares of the company’s stock valued at $2,388,000 after acquiring an additional 600 shares during the period. 29.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wedbush upgraded GameStop to a “strong sell” rating in a report on Tuesday, July 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, GameStop has a consensus rating of “Reduce” and an average target price of $13.50.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.