Qurate Retail (NASDAQ:QRTEA – Get Rating) had its target price lowered by equities researchers at Citigroup from $4.00 to $3.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 22.95% from the stock’s current price.
A number of other equities research analysts also recently commented on QRTEA. Evercore ISI lowered their price target on shares of Qurate Retail to $3.00 in a report on Monday, July 4th. StockNews.com downgraded shares of Qurate Retail from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th.
Shares of NASDAQ QRTEA opened at $2.44 on Thursday. The company has a market cap 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-to-equity 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 issued its quarterly earnings results on Friday, May 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). The firm had revenue of $2.88 billion for the quarter. Qurate Retail had a return on equity of 15.84% and a net margin of 0.99%. On average, analysts anticipate that Qurate Retail will post 0.85 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Qurate Retail by 12.1% during the fourth quarter. Brighton Jones LLC now owns 13,275 shares of the company’s stock valued at $101,000 after buying an additional 1,430 shares in the last quarter. Lincoln National Corp lifted its position in Qurate Retail by 18.1% during the fourth quarter. Lincoln National Corp now owns 11,918 shares of the company’s stock valued at $91,000 after buying an additional 1,830 shares in the last quarter. Islay Capital Management LLC lifted its position in Qurate Retail by 20.8% during the fourth quarter. Islay Capital Management LLC now owns 11,215 shares of the company’s stock valued at $85,000 after buying an additional 1,931 shares in the last quarter. CIBC Asset Management Inc lifted its position in Qurate Retail by 13.0% during the fourth quarter. CIBC Asset Management Inc now owns 18,631 shares of the company’s stock valued at $142,000 after buying an additional 2,142 shares in the last quarter. Finally, Edge Wealth Management LLC lifted its position in Qurate Retail by 44.3% during the fourth quarter. Edge Wealth Management LLC now owns 8,144 shares of the company’s stock valued at $62,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.
Qurate Retail Company Profile (Get Rating)
Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women’s, children’s, and men’s apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.
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Source: defenseworld.net
