Qurate Retail (NASDAQ:QRTEA) Price Target Lowered to $3.00 at Evercore ISI | MarketBeat

2022-07-04 22:00:30 By : Ms. Nicole Wu

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Qurate Retail (NASDAQ:QRTEA - Get Rating) had its target price reduced by stock analysts at Evercore ISI to $3.00 in a research note issued on Monday, Stock Target Advisor reports. Evercore ISI's target price indicates a potential upside of 3.45% from the company's previous close.

Separately, StockNews.com cut Qurate Retail from a "hold" rating to a "sell" rating in a research report on Tuesday, April 26th.

Shares of QRTEA traded up $0.03 during trading hours on Monday, reaching $2.90. The company's stock had a trading volume of 329,610 shares, compared to its average volume of 6,161,421. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 10.00 and a beta of 1.84. Qurate Retail has a 1-year low of $2.74 and a 1-year high of $13.01. The company has a quick ratio of 0.56, a current ratio of 0.97 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $3.64 and a two-hundred day moving average of $5.30.

Qurate Retail (NASDAQ:QRTEA - Get Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.13). The firm had revenue of $2.88 billion during the quarter. Qurate Retail had a net margin of 0.99% and a return on equity of 15.84%. As a group, analysts forecast that Qurate Retail will post 0.85 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Qurate Retail by 12.1% in the fourth quarter. Brighton Jones LLC now owns 13,275 shares of the company's stock valued at $101,000 after purchasing an additional 1,430 shares in the last quarter. Lincoln National Corp raised its stake in shares of Qurate Retail by 18.1% in the fourth quarter. Lincoln National Corp now owns 11,918 shares of the company's stock valued at $91,000 after purchasing an additional 1,830 shares in the last quarter. Islay Capital Management LLC raised its stake in Qurate Retail by 20.8% during the fourth quarter. Islay Capital Management LLC now owns 11,215 shares of the company's stock worth $85,000 after acquiring an additional 1,931 shares in the last quarter. CIBC Asset Management Inc raised its stake in Qurate Retail by 13.0% during the fourth quarter. CIBC Asset Management Inc now owns 18,631 shares of the company's stock worth $142,000 after acquiring an additional 2,142 shares in the last quarter. Finally, Edge Wealth Management LLC raised its stake in Qurate Retail by 44.3% during the fourth quarter. Edge Wealth Management LLC now owns 8,144 shares of the company's stock worth $62,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 84.62% of the company's stock.

About Qurate Retail (Get Rating)

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.

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