Qurate Retail (NASDAQ:QRTEA) Price target lowered to $3.00 at Citigroup


Qurate Retail (NASDAQ:QRTEA – Get Rating) had its target price lowered by Citigroup equity researchers from $4.00 to $3.00 in a research note released Thursday to investors, reports The Fly. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates upside potential of 22.95% from the current share price.

A number of other equity research analysts have also recently commented on QRTEA. Evercore ISI lowered its price target on Qurate Retail shares to $3.00 in a Monday, July 4 report. StockNews.com downgraded Qurate Retail’s shares from a “hold” rating to a “sell” rating in a Tuesday, April 26 report.

Shares of NASDAQ QRTEA opened at $2.44 on Thursday. The company has a market capitalization of $932.10 million, a PE ratio of 8.41 and a beta of 1.84. Qurate Retail has a 12-month low of $2.42 and a 12-month high of $12.82. The company has a debt ratio of 1.73, a current ratio of 0.97 and a quick ratio of 0.56. The company has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $5.17.

Qurate Retail (NASDAQ:QRTEA – Get Rating) last released its quarterly results on Friday, May 6. The company reported EPS of $0.15 for the quarter, missing analyst consensus estimates of $0.28 per ($0.13). The company posted revenue of $2.88 billion for the quarter. Qurate Retail achieved a return on equity of 15.84% and a net margin of 0.99%. On average, analysts expect Qurate Retail to post EPS of 0.85 for the current year.

A number of institutional investors have recently increased or reduced their stake in the stock. Brighton Jones LLC increased its position in Qurate Retail by 12.1% during the fourth quarter. Brighton Jones LLC now owns 13,275 shares of the company valued at $101,000 after buying an additional 1,430 shares last quarter. Lincoln National Corp increased its position in Qurate Retail by 18.1% during the fourth quarter. Lincoln National Corp now owns 11,918 shares of the company valued at $91,000 after buying an additional 1,830 shares in the last quarter. Islay Capital Management LLC increased its position in Qurate Retail by 20.8% during the fourth quarter. Islay Capital Management LLC now owns 11,215 shares of the company valued at $85,000 after purchasing an additional 1,931 shares last quarter. CIBC Asset Management Inc. increased its position in Qurate Retail by 13.0% during the fourth quarter. CIBC Asset Management Inc. now owns 18,631 shares of the company valued at $142,000 after purchasing an additional 2,142 shares last quarter. Finally, Edge Wealth Management LLC increased its position in Qurate Retail by 44.3% during the fourth quarter. Edge Wealth Management LLC now owns 8,144 shares of the company valued at $62,000 after purchasing an additional 2,500 shares last quarter. Hedge funds and other institutional investors hold 84.62% of the company’s shares.

Company Profile Qurate Retail (Get an assessment)

Qurate Retail, Inc, together with its subsidiaries, is active in the video and e-commerce sectors in North America, Europe and Asia. The Company markets and sells various consumer products primarily through merchandise-oriented teleshopping, the Internet and mobile applications. It also operates as an online retailer offering clothing for women, children and men; and other products, such as home, accessories and beauty products through its apps, mobile and desktop.

Read more

The Fly logo



Get news and reviews for Qurate Retail Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Qurate Retail and related companies with MarketBeat.com’s free daily email newsletter.

About Timothy Cheatham

Check Also

Apple Store Time Machine: Revisit the opening days of iconic retail stores in an immersive 3D experience

The Apple Store Time Machine is an application that users can freely download. It’s an …