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.
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