Qurate Retail Inc Series A (NASDAQ:QRTEA) saw a large growth in short interest during the month of September. As of September 14th, there was short interest totalling 14,330,426 shares, a growth of 24.9% from the August 31st total of 11,469,148 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average trading volume of 2,748,999 shares, the short-interest ratio is presently 5.2 days.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Aegis reissued a “buy” rating and issued a $30.00 price target on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. ValuEngine raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, Citigroup reduced their target price on shares of Qurate Retail Inc Series A from $25.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, June 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.60.
Shares of NASDAQ QRTEA opened at $22.09 on Friday. The firm has a market capitalization of $10.30 billion, a P/E ratio of 6.80, a P/E/G ratio of 2.13 and a beta of 1.29. 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 has a 1-year low of $20.00 and a 1-year high of $29.11.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.23 billion. Qurate Retail Inc Series A had a return on equity of 21.05% and a net margin of 10.97%. sell-side analysts expect that Qurate Retail Inc Series A will post 2.03 earnings per share for the current year.
In other news, Director Mark C. Vadon sold 122,574 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael A. George purchased 220,600 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was purchased at an average cost of $20.40 per share, with a total value of $4,500,240.00. The disclosure for this purchase can be found here. Insiders own 0.01% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC acquired a new position in Qurate Retail Inc Series A in the 2nd quarter worth $106,000. FTB Advisors Inc. boosted its stake in shares of Qurate Retail Inc Series A by 1,192.2% during the 2nd quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock worth $111,000 after buying an additional 4,900 shares during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Qurate Retail Inc Series A during the 2nd quarter worth about $159,000. Icon Wealth Partners LLC acquired a new position in shares of Qurate Retail Inc Series A during the 2nd quarter worth about $161,000. Finally, LS Investment Advisors LLC acquired a new position in shares of Qurate Retail Inc Series A during the 2nd quarter worth about $165,000. 85.13% of the stock is owned by hedge funds and other institutional investors.
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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