Qurate Retail, Inc. (NASDAQ:QRTEA – Get Rating) shares traded down 2.3% on Thursday after Citigroup lowered their price target on the stock from $4.00 to $3.00. Citigroup currently has a neutral rating on the stock. Qurate Retail traded as low as $2.58 and last traded at $2.58. 40,816 shares traded hands during trading, a decline of 100% from the average session volume of 8,537,842 shares. The stock had previously closed at $2.64.
A number of other research firms have also weighed in on QRTEA. Evercore ISI reduced their price objective on shares of Qurate Retail to $3.00 in a research note on Monday. StockNews.com lowered shares of Qurate Retail from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th.
Institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new stake in Qurate Retail in the first quarter worth $59,000. Verition Fund Management LLC bought a new stake in Qurate Retail in the first quarter worth $229,000. Mirae Asset Global Investments Co. Ltd. increased its position in Qurate Retail by 44.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 579,315 shares of the company’s stock worth $2,757,000 after purchasing an additional 177,730 shares during the last quarter. Toroso Investments LLC increased its position in Qurate Retail by 204.5% during the first quarter. Toroso Investments LLC now owns 78,984 shares of the company’s stock valued at $376,000 after acquiring an additional 53,048 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Qurate Retail by 120.6% during the first quarter. BNP Paribas Arbitrage SA now owns 103,187 shares of the company’s stock valued at $491,000 after acquiring an additional 56,421 shares during the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.
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 firm has a market cap of $997.05 million, a P/E ratio of 9.10 and a beta of 1.84. The stock’s 50-day simple moving average is $3.55 and its two-hundred day simple moving average is $5.24.
Qurate Retail (NASDAQ:QRTEA – Get Rating) last issued its earnings results on Friday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). The company had revenue of $2.88 billion for the quarter. Qurate Retail had a net margin of 0.99% and a return on equity of 15.84%. As a group, sell-side analysts expect that Qurate Retail, Inc. will post 0.85 earnings per share for the current year.
About Qurate Retail (NASDAQ:QRTEA)
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.
