Edmond DE Rothschild Holding S.A. cut its stake in shares of Gamestop Corporation (NYSE:GME) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,477 shares of the company’s stock after selling 6,232 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Gamestop Corporation were worth $1,071,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Gamestop Corporation by 3.4% in the first quarter. Vanguard Group Inc. now owns 8,458,478 shares of the company’s stock worth $190,739,000 after buying an additional 274,910 shares in the last quarter. BlackRock Inc. raised its position in Gamestop Corporation by 11,239.8% in the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock worth $186,314,000 after buying an additional 8,189,420 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Gamestop Corporation by 33.8% in the first quarter. Dimensional Fund Advisors LP now owns 6,147,841 shares of the company’s stock worth $138,633,000 after buying an additional 1,552,076 shares in the last quarter. Bank of New York Mellon Corp raised its position in Gamestop Corporation by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 2,353,604 shares of the company’s stock worth $53,075,000 after buying an additional 104,938 shares in the last quarter. Finally, Morgan Stanley raised its position in Gamestop Corporation by 51.6% in the first quarter. Morgan Stanley now owns 1,234,663 shares of the company’s stock worth $27,841,000 after buying an additional 420,120 shares in the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.
Shares of Gamestop Corporation (NYSE:GME) traded down 2.97% during mid-day trading on Friday, reaching $20.59. 3,682,655 shares of the company’s stock traded hands. The stock has a market cap of $2.09 billion, a PE ratio of 6.13 and a beta of 1.14. The firm has a 50 day moving average price of $23.09 and a 200-day moving average price of $24.03. Gamestop Corporation has a 12 month low of $20.10 and a 12 month high of $32.67.
Gamestop Corporation (NYSE:GME) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. On average, analysts predict that Gamestop Corporation will post $3.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Wednesday, June 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.38%. The ex-dividend date is Monday, June 5th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 44.97%.
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GME has been the subject of a number of research analyst reports. Wedbush set a $25.00 target price on shares of Gamestop Corporation and gave the stock a “buy” rating in a research report on Saturday, March 25th. Mizuho reissued a “buy” rating and set a $27.00 target price on shares of Gamestop Corporation in a research report on Tuesday, April 18th. Vetr lowered shares of Gamestop Corporation from a “strong-buy” rating to a “buy” rating and set a $26.42 target price for the company. in a research report on Wednesday, April 26th. Telsey Advisory Group lowered shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Monday, March 13th. Finally, Robert W. Baird reissued an “outperform” rating and set a $24.00 target price on shares of Gamestop Corporation in a research report on Sunday, May 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Gamestop Corporation currently has an average rating of “Hold” and an average price target of $25.64.
About Gamestop Corporation
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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