Qurate Retail (NASDAQ:QRTEA) Hits New 12-Month High at $11.82


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Qurate Retail, Inc. (NASDAQ:QRTEA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.82 and last traded at $11.68, with a volume of 38407 shares traded. The stock had previously closed at $11.32.

Several equities research analysts have recently weighed in on the stock. Smith Barney Citigroup lowered shares of Qurate Retail from a “buy” rating to a “neutral” rating in a report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded Qurate Retail from a “buy” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $11.00 in a research note on Tuesday, December 15th. Bank of America raised Qurate Retail from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $9.00 in a research note on Friday, November 6th. Citigroup boosted their target price on Qurate Retail from $6.90 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Finally, UBS Group cut their target price on Qurate Retail from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Qurate Retail has an average rating of “Hold” and a consensus target price of $9.40.

The company has a quick ratio of 0.77, a current ratio of 1.12 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -11.03, a P/E/G ratio of 1.23 and a beta of 1.44. The stock’s fifty day moving average price is $10.78 and its 200-day moving average price is $9.49.

Qurate Retail (NASDAQ:QRTEA) last issued its earnings results on Wednesday, November 4th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.14. Qurate Retail had a negative net margin of 3.15% and a positive return on equity of 15.92%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $4.32 billion. Qurate Retail’s revenue was up 9.5% on a year-over-year basis. Analysts anticipate that Qurate Retail, Inc. will post 2.06 EPS for the current year.

In other news, CEO Michael A. George sold 100,000 shares of Qurate Retail stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $10.67, for a total transaction of $1,067,000.00. Following the sale, the chief executive officer now owns 2,505,676 shares of the company’s stock, valued at approximately $26,735,562.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 9.79% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QRTEA. Jeppson Wealth Management LLC purchased a new position in shares of Qurate Retail in the 3rd quarter valued at $37,000. IFP Advisors Inc grew its holdings in Qurate Retail by 22.7% during the 3rd quarter. IFP Advisors Inc now owns 9,490 shares of the company’s stock worth $68,000 after acquiring an additional 1,753 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Qurate Retail during the 3rd quarter worth $77,000. Diversified Trust Co bought a new position in shares of Qurate Retail in the 3rd quarter worth about $85,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Qurate Retail in the 3rd quarter worth about $85,000. Institutional investors and hedge funds own 87.80% of the company’s stock.

About Qurate Retail (NASDAQ:QRTEA)

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 television, programs, Websites, and mobile applications to approximately 380 million households worldwide.

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