ValuEngine lowered shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) from a sell rating to a strong sell rating in a research report released on Thursday, August 23rd.
QRTEA has been the topic of several other reports. Zacks Investment Research upgraded shares of Qurate Retail Inc Series A from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Tuesday, May 1st. B. Riley decreased their target price on shares of Qurate Retail Inc Series A from $33.00 to $30.00 and set a buy rating on the stock in a research report on Tuesday, May 22nd. Aegis reissued a buy rating and issued a $30.00 target price on shares of Qurate Retail Inc Series A in a research note on Monday, May 28th. Finally, Citigroup upped their price objective on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a sell rating in a research note on Friday, August 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $30.60.
Shares of Qurate Retail Inc Series A stock traded up $0.67 during trading on Thursday, reaching $22.16. The company’s stock had a trading volume of 2,987,906 shares, compared to its average volume of 2,328,483. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 2.02 and a beta of 1.29. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.57.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Wednesday, August 8th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.23 billion. analysts anticipate that Qurate Retail Inc Series A will post 2.03 earnings per share for the current year.
In related news, CEO Michael A. George purchased 220,600 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was purchased at an average price of $20.40 per share, for a total transaction of $4,500,240.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.01% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wallace Capital Management Inc. purchased a new position in Qurate Retail Inc Series A in the 2nd quarter worth approximately $26,131,000. Bank of New York Mellon Corp purchased a new position in Qurate Retail Inc Series A in the 2nd quarter worth approximately $43,883,000. Laurel Wealth Advisors Inc. purchased a new position in Qurate Retail Inc Series A in the 2nd quarter worth approximately $279,000. Andra AP fonden boosted its holdings in Qurate Retail Inc Series A by 1.2% in the 2nd quarter. Andra AP fonden now owns 270,300 shares of the company’s stock worth $5,736,000 after acquiring an additional 3,200 shares during the period. Finally, Global X Management Co LLC purchased a new position in Qurate Retail Inc Series A in the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 85.14% of the company’s stock.
About Qurate Retail Inc Series A
Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company's Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women's, children's, and men's apparel, and children's merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.
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