Teachers Retirement System of The State of Kentucky continued to hold its position in GameStop Corp. (NYSE:GME) during the fourth quarter, Holdings Channel reports. The fund owned 26,600 shares of the company’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky’s holdings in GameStop Corp. were worth $672,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GME. BlackRock Advisors LLC raised its position in GameStop Corp. by 0.9% in the third quarter. BlackRock Advisors LLC now owns 57,938 shares of the company’s stock valued at $1,599,000 after buying an additional 499 shares during the last quarter. ARGI Investment Services LLC raised its position in GameStop Corp. by 6.8% in the third quarter. ARGI Investment Services LLC now owns 71,854 shares of the company’s stock valued at $1,982,000 after buying an additional 4,567 shares during the last quarter. Rhumbline Advisers raised its position in GameStop Corp. by 2.6% in the third quarter. Rhumbline Advisers now owns 174,629 shares of the company’s stock valued at $4,818,000 after buying an additional 4,461 shares during the last quarter. Mutual of America Capital Management LLC raised its position in GameStop Corp. by 0.6% in the third quarter. Mutual of America Capital Management LLC now owns 79,358 shares of the company’s stock valued at $2,189,000 after buying an additional 508 shares during the last quarter. Finally, Meritage Portfolio Management raised its position in GameStop Corp. by 28.0% in the third quarter. Meritage Portfolio Management now owns 172,595 shares of the company’s stock valued at $4,762,000 after buying an additional 37,735 shares during the last quarter.
Shares of GameStop Corp. (NYSE:GME) opened at 20.70 on Friday. GameStop Corp. has a 52-week low of $20.10 and a 52-week high of $33.72. The company has a 50-day moving average of $24.90 and a 200 day moving average of $25.07. The firm has a market cap of $2.11 billion, a P/E ratio of 5.51 and a beta of 1.18.
GameStop Corp. (NYSE:GME) last announced its quarterly earnings data on Thursday, March 23rd. The company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.09. GameStop Corp. had a return on equity of 18.74% and a net margin of 4.32%. The firm earned $3.05 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. The business’s revenue was down 13.6% on a year-over-year basis. On average, equities analysts expect that GameStop Corp. will post $3.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Shareholders of record on Tuesday, March 14th will be given a $0.38 dividend. The ex-dividend date is Friday, March 10th. This represents a $1.52 annualized dividend and a yield of 7.34%. This is an increase from GameStop Corp.’s previous quarterly dividend of $0.37. GameStop Corp.’s payout ratio is presently 39.47%.
Several research analysts have issued reports on GME shares. Zacks Investment Research lowered shares of GameStop Corp. from a “hold” rating to a “sell” rating in a report on Thursday, February 2nd. Vetr lowered shares of GameStop Corp. from a “hold” rating to a “sell” rating and set a $22.84 price target for the company. in a report on Thursday, December 1st. Robert W. Baird restated an “outperform” rating and set a $24.00 price target on shares of GameStop Corp. in a report on Wednesday, March 1st. Benchmark Co. restated a “sell” rating and set a $20.11 price target (down previously from $20.67) on shares of GameStop Corp. in a report on Tuesday, November 29th. Finally, Mizuho started coverage on shares of GameStop Corp. in a report on Thursday, December 22nd. They set a “buy” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.96.
In other GameStop Corp. news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $22.58, for a total value of $90,320.00. Following the completion of the sale, the director now owns 10,925 shares in the company, valued at $246,686.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
About GameStop Corp.
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. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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