GameStop Corp. (GME) Given Consensus Rating of “Hold” by Brokerages
GameStop Corp. (NYSE:GME) has been given a consensus rating of “Hold” by the fifteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $22.29.
GME has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 price target on shares of GameStop in a research report on Tuesday, September 26th. ValuEngine raised GameStop from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price target on shares of GameStop in a research report on Tuesday, October 17th. Zacks Investment Research raised GameStop from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, October 25th. Finally, Wedbush set a $25.00 price target on GameStop and gave the company a “buy” rating in a research report on Thursday, November 16th.
GameStop (NYSE:GME) opened at $17.55 on Tuesday. The stock has a market capitalization of $1,836.65, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 0.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38. GameStop has a 12 month low of $15.85 and a 12 month high of $26.68.
In related news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the sale, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Balasa Dinverno & Foltz LLC lifted its holdings in GameStop by 112.1% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 37,689 shares of the company’s stock worth $779,000 after purchasing an additional 19,921 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in GameStop by 40.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,573 shares of the company’s stock worth $3,566,000 after purchasing an additional 49,041 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in GameStop by 74.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,271 shares of the company’s stock worth $1,163,000 after purchasing an additional 24,032 shares in the last quarter. Legal & General Group Plc lifted its holdings in GameStop by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 217,835 shares of the company’s stock worth $4,501,000 after purchasing an additional 13,821 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in GameStop during the 3rd quarter worth about $1,185,000.
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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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