Qurate Retail, Inc. (NASDAQ:QRTEA) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 18,860,000 shares, an increase of 27.2% from the September 15th total of 14,830,000 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average trading volume of 5,080,000 shares, the short-interest ratio is currently 3.7 days.
A number of analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Qurate Retail from $6.90 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. UBS Group cut their target price on shares of Qurate Retail from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. BidaskClub upgraded shares of Qurate Retail from a “hold” rating to a “buy” rating in a report on Friday, September 11th. Finally, Zacks Investment Research upgraded Qurate Retail from a “sell” rating to a “hold” rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.50.
NASDAQ:QRTEA traded down $0.16 during mid-day trading on Friday, reaching $7.55. The stock had a trading volume of 6,562,979 shares, compared to its average volume of 6,293,013. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.12 and a quick ratio of 0.77. The stock has a market cap of $3.15 billion, a P/E ratio of -7.33, a PEG ratio of 1.81 and a beta of 1.36. The business’s 50 day moving average is $8.58 and its 200 day moving average is $8.68. Qurate Retail has a fifty-two week low of $2.01 and a fifty-two week high of $8.36.
Qurate Retail (NASDAQ:QRTEA) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Qurate Retail had a positive return on equity of 15.92% and a negative net margin of 3.15%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.01 billion. Equities analysts expect that Qurate Retail will post 2.06 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the business. Clearbridge Investments LLC grew its holdings in Qurate Retail by 51.5% during the first quarter. Clearbridge Investments LLC now owns 18,887,467 shares of the company’s stock valued at $115,308,000 after purchasing an additional 6,419,245 shares during the last quarter. Lyrical Asset Management LP raised its stake in Qurate Retail by 0.7% during the 2nd quarter. Lyrical Asset Management LP now owns 12,887,361 shares of the company’s stock valued at $122,430,000 after purchasing an additional 85,383 shares during the last quarter. Abrams Bison Investments LLC raised its stake in Qurate Retail by 124.6% during the 2nd quarter. Abrams Bison Investments LLC now owns 9,949,797 shares of the company’s stock valued at $94,523,000 after purchasing an additional 5,520,699 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Qurate Retail by 6.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 8,980,683 shares of the company’s stock valued at $85,316,000 after purchasing an additional 518,901 shares during the period. Finally, State Street Corp grew its position in Qurate Retail by 2.7% in the 1st quarter. State Street Corp now owns 6,451,409 shares of the company’s stock worth $39,386,000 after purchasing an additional 167,439 shares during the last quarter. 87.80% of the stock is currently owned by hedge funds and other institutional investors.
Qurate Retail Company Profile
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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