Gamestop Corporation (NYSE:GME) is expected to pay $0.37 on Dec 13, 2016. The indicated annual dividend is $1.48. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Gamestop Corporation’s current price of $25.82, the dividend is 1.43%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 23, 2016. The stock decreased 0.92% or $0.24 on November 25, hitting $25.82. GameStop Corp. (NYSE:GME) has declined 21.28% since April 25, 2016 and is downtrending. It has underperformed by 27.29% the S&P500.
GameStop Corp. is an omnichannel video game retailer. The company has a market cap of $2.66 billion. The Firm 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 has a 6.9 P/E ratio. The Firm operates its business in four Video Game Brands divisions: United States, Canada, Australia and Europe, and Technology Brands segment.
Insitutional Activity: The institutional sentiment increased to 0.86 in Q2 2016. Its up 0.22, from 0.64 in 2016Q1. The ratio increased, as 108 funds sold all GameStop Corp. shares owned while 120 reduced positions. 39 funds bought stakes while 107 increased positions. They now own 107.16 million shares or 15.47% less from 126.78 million shares in 2016Q1.
American National Insurance Communication Tx owns 18,500 shares or 0.03% of their US portfolio. Moreover, Lmm Ltd Co has 1.38% invested in GameStop Corp. (NYSE:GME) for 1.16M shares. Moreover, Valley National Advisers Incorporated has 0% invested in GameStop Corp. (NYSE:GME) for 84 shares. Creative Planning holds 2,595 shares or 0% of its portfolio. Plante Moran Fin Advsrs Limited Co, a Michigan-based fund reported 1,353 shares. Blackrock Institutional Na accumulated 0.01% or 3.30M shares. Old Mutual Customised Solutions (Proprietary) holds 5,100 shares or 0.03% of its portfolio. Amer Assets Investment Lc accumulated 64,910 shares or 0.42% of the stock. Counsel Service accumulated 0.87% or 330,645 shares. The California-based Capital Guardian Trust has invested 0% in GameStop Corp. (NYSE:GME). Delta Lloyd Nv last reported 0.01% of its portfolio in the stock. Northcoast Asset Mngmt holds 0.18% or 97,378 shares in its portfolio. New Jersey Better Educational Savings Tru holds 0.66% of its portfolio in GameStop Corp. (NYSE:GME) for 37,000 shares. Moreover, Tower Capital Limited (Trc) has 0.03% invested in GameStop Corp. (NYSE:GME) for 10,353 shares. Robeco Institutional Asset Mgmt Bv holds 0.04% or 207,517 shares in its portfolio.
GameStop Corp. (NYSE:GME) Ratings Coverage
Out of 16 analysts covering GameStop Corp. (NYSE:GME), 9 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 56% are positive. GameStop Corp. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was upgraded by Telsey Advisory Group to “Outperform” on Monday, June 27. Benchmark maintained the shares of GME in a report on Monday, March 28 with “Sell” rating. The company was downgraded on Thursday, August 6 by Zacks. SunTrust maintained the stock with “Buy” rating in Thursday, December 10 report. The firm has “Perform” rating by Oppenheimer given on Tuesday, November 24. Zacks upgraded GameStop Corp. (NYSE:GME) rating on Monday, August 17. Zacks has “Hold” rating and $53 price target. The stock has “Buy” rating given by Bank of America on Monday, July 11. Telsey Advisory Group maintained the stock with “Market Perform” rating in Wednesday, January 13 report. The stock has “Outperform” rating given by Telsey Advisory Group on Thursday, November 3. On Friday, August 28 the stock rating was maintained by Telsey Advisory Group with “Market Perform”.
More notable recent GameStop Corp. (NYSE:GME) news were published by: Fool.com which released: “GameStop Corp. Sales Trends Improve Ahead of Critical Holiday Season” on November 23, 2016, also Fool.com with their article: “3 Gaming Stocks That Are Better Bets Than Gamestop Corp.” published on November 18, 2016, Zacks.com published: “GameStop Corp (GME) in Focus: Stock Adds 8% in Session” on November 25, 2016. More interesting news about GameStop Corp. (NYSE:GME) were released by: Fool.com and their article: “Why GameStop Corp. Stock Plunged Today” published on November 02, 2016 as well as Reuters.com‘s news article titled: “GameStop’s holiday same-store sales forecast disappoints” with publication date: November 22, 2016.
GME Company Profile
GameStop Corp., incorporated on April 13, 2005, is an omnichannel video game retailer. The Firm 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 Firm operates its business in four Video Game Brands divisions: United States, Canada, Australia and Europe, and Technology Brands segment. Each of the Video Game Brands divisions consists primarily of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories, which it refers to as video game products, new and pre-owned mobile devices and related accessories. The Company’s Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software, and also sell certain mobile and consumer electronics products and collectible products. The Company’s Technology Brands segment includes its Spring Mobile and Simply Mac businesses.
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