Gamestop Corporation (GME) Position Lifted by Comerica Bank

Comerica Bank boosted its holdings in shares of Gamestop Corporation (NYSE:GME) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,400 shares of the company’s stock after buying an additional 423 shares during the period. Comerica Bank owned approximately 0.08% of Gamestop Corporation worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GME. Louisiana State Employees Retirement System raised its position in Gamestop Corporation by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the company’s stock valued at $580,000 after buying an additional 500 shares during the period. Russell Investments Group Ltd. raised its position in Gamestop Corporation by 5.5% during the first quarter. Russell Investments Group Ltd. now owns 33,375 shares of the company’s stock valued at $754,000 after buying an additional 1,725 shares during the period. Oregon Public Employees Retirement Fund raised its position in Gamestop Corporation by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 36,936 shares of the company’s stock valued at $833,000 after buying an additional 500 shares during the period. Great West Life Assurance Co. Can raised its position in Gamestop Corporation by 3.0% during the first quarter. Great West Life Assurance Co. Can now owns 59,099 shares of the company’s stock valued at $1,331,000 after buying an additional 1,714 shares during the period. Finally, State Treasurer State of Michigan raised its position in Gamestop Corporation by 1.0% during the first quarter. State Treasurer State of Michigan now owns 41,400 shares of the company’s stock valued at $934,000 after buying an additional 400 shares during the period.

Shares of Gamestop Corporation (NYSE:GME) opened at 19.20 on Tuesday. The company has a market cap of $1.95 billion, a P/E ratio of 5.78 and a beta of 1.19. The stock’s 50 day moving average price is $20.75 and its 200 day moving average price is $22.25. Gamestop Corporation has a 1-year low of $18.47 and a 1-year high of $28.58.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. Gamestop Corporation’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. Equities research analysts forecast that Gamestop Corporation will post $3.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 45.65%.

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Several research analysts have weighed in on GME shares. Vetr lowered Gamestop Corporation from a “sell” rating to a “strong sell” rating and set a $20.04 target price on the stock. in a research report on Monday, May 15th. ValuEngine lowered Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop Corporation in a research report on Thursday, May 25th. Credit Suisse Group set a $20.00 target price on Gamestop Corporation and gave the stock a “hold” rating in a research report on Sunday, May 28th. Finally, Zacks Investment Research raised Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.16.

Gamestop Corporation Company Profile

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.

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

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