TheStreet Lowers GameStop (GME) to D+

TheStreet cut shares of GameStop (NYSE:GME) from a c rating to a d+ rating in a research report released on Friday morning.

Other analysts also recently issued research reports about the company. Loop Capital set a $16.00 price objective on GameStop and gave the stock a hold rating in a research report on Friday, November 23rd. Wedbush reiterated a buy rating and issued a $19.00 price objective on shares of GameStop in a research report on Monday, November 26th. Bank of America upgraded GameStop from an underperform rating to a neutral rating and set a $16.00 price objective for the company in a research report on Monday, November 26th. Credit Suisse Group set a $15.00 price objective on GameStop and gave the stock a hold rating in a research report on Friday, September 7th. Finally, Zacks Investment Research downgraded GameStop from a hold rating to a sell rating in a research report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. GameStop presently has a consensus rating of Hold and a consensus price target of $15.13.

Shares of GME stock opened at $13.87 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.10 and a debt-to-equity ratio of 0.30. GameStop has a 12 month low of $12.14 and a 12 month high of $20.31. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 4.15 and a beta of 1.17.

GameStop (NYSE:GME) last announced its quarterly earnings data on Thursday, November 29th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. GameStop had a positive return on equity of 15.72% and a negative net margin of 6.45%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $0.54 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that GameStop will post 2.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Tuesday, December 11th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, December 10th. This represents a $1.52 annualized dividend and a dividend yield of 10.96%. GameStop’s dividend payout ratio (DPR) is presently 45.51%.

Several institutional investors have recently bought and sold shares of GME. Principal Financial Group Inc. lifted its position in shares of GameStop by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 443,813 shares of the company’s stock worth $5,601,000 after buying an additional 7,986 shares during the period. Bank of Montreal Can bought a new position in shares of GameStop during the 2nd quarter worth approximately $473,000. Alps Advisors Inc. bought a new position in shares of GameStop during the 2nd quarter worth approximately $285,000. Eqis Capital Management Inc. lifted its position in shares of GameStop by 20.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 35,097 shares of the company’s stock worth $511,000 after buying an additional 5,844 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in shares of GameStop during the 2nd quarter worth approximately $345,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

About GameStop

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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