Qurate Retail Inc Series A (NASDAQ:QRTEA) has been given an average rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.17.
A number of equities research analysts recently commented on the stock. Citigroup upgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and upped their price target for the company from $19.00 to $21.00 in a report on Friday, March 8th. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Craig Hallum reiterated a “buy” rating and set a $24.00 price target (down from $30.00) on shares of Qurate Retail Inc Series A in a report on Monday. DA Davidson lowered their price target on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, ValuEngine lowered shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th.
NASDAQ:QRTEA traded up $0.21 during midday trading on Friday, reaching $13.52. 5,379,717 shares of the stock traded hands, compared to its average volume of 3,242,582. Qurate Retail Inc Series A has a 12 month low of $11.17 and a 12 month high of $25.03. The company has a quick ratio of 0.69, a current ratio of 1.02 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $5.54 billion, a P/E ratio of 7.27 and a beta of 0.99.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts anticipate that Qurate Retail Inc Series A will post 1.68 EPS for the current year.
In related news, Director John C. Malone acquired 800,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $12.48 per share, for a total transaction of $9,984,000.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael A. George acquired 244,568 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $12.51 per share, with a total value of $3,059,545.68. The disclosure for this purchase can be found here. Insiders acquired a total of 1,144,568 shares of company stock valued at $14,292,546 over the last 90 days. Company insiders own 0.01% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. QS Investors LLC bought a new position in shares of Qurate Retail Inc Series A in the 4th quarter worth about $26,000. Essex Savings Bank bought a new position in shares of Qurate Retail Inc Series A in the 4th quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in shares of Qurate Retail Inc Series A in the 4th quarter worth about $36,000. Whittier Trust Co. increased its stake in shares of Qurate Retail Inc Series A by 797.1% in the 4th quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in shares of Qurate Retail Inc Series A in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
About Qurate Retail Inc Series A
Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.
Further Reading: How are institutional investors different from individual investors?
Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.