Qurate Retail (NASDAQ:QRTEA - Get Rating) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Monday.
Separately, Bank of America lowered Qurate Retail from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $4.00 to $1.20 in a research note on Friday, November 4th.
Qurate Retail Stock Up 5.2 %
Shares of NASDAQ:QRTEA traded up $0.08 on Monday, reaching $1.62. The company had a trading volume of 277,922 shares, compared to its average volume of 6,280,206. Qurate Retail has a twelve month low of $1.47 and a twelve month high of $8.16. The stock has a 50-day moving average price of $2.05 and a 200 day moving average price of $2.58. The stock has a market capitalization of $619.18 million, a P/E ratio of -0.22 and a beta of 1.76. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 15.24.
Qurate Retail (NASDAQ:QRTEA - Get Rating) last posted its quarterly earnings data on Friday, November 4th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.20). The business had revenue of $2.74 billion during the quarter. Qurate Retail had a positive return on equity of 9.86% and a negative net margin of 21.82%. On average, equities analysts expect that Qurate Retail will post 0.33 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Qurate Retail during the 2nd quarter worth $318,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Qurate Retail during the 2nd quarter valued at $63,000. AE Wealth Management LLC raised its position in shares of Qurate Retail by 201.7% during the 2nd quarter. AE Wealth Management LLC now owns 236,581 shares of the company's stock valued at $679,000 after acquiring an additional 158,164 shares during the last quarter. TownSquare Capital LLC raised its position in shares of Qurate Retail by 6.2% during the 2nd quarter. TownSquare Capital LLC now owns 294,983 shares of the company's stock valued at $847,000 after acquiring an additional 17,158 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Qurate Retail by 220.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 296,368 shares of the company's stock valued at $1,411,000 after acquiring an additional 203,857 shares during the last quarter. Institutional investors and hedge funds own 82.06% of the company's stock.
Qurate Retail Company Profile
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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