Qurate Retail Inc Series A (NASDAQ:QRTEA) Given New $16.00 Price Target at Craig Hallum

Qurate Retail Inc Series A (NASDAQ:QRTEA) had its target price reduced by equities researchers at Craig Hallum from $24.00 to $16.00 in a research note issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective indicates a potential upside of 50.38% from the stock’s previous close.

Several other equities analysts have also issued reports on QRTEA. Zacks Investment Research raised Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, October 18th. DA Davidson set a $16.00 price objective on Qurate Retail Inc Series A and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.71.

NASDAQ:QRTEA traded up $0.17 during trading hours on Tuesday, hitting $10.64. The company’s stock had a trading volume of 341,005 shares, compared to its average volume of 4,049,456. The stock has a market capitalization of $3.93 billion, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 0.42 and a beta of 1.16. The stock has a fifty day moving average of $9.78 and a 200-day moving average of $12.18. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.11. Qurate Retail Inc Series A has a 52-week low of $9.11 and a 52-week high of $24.62.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.12 billion. Qurate Retail Inc Series A had a return on equity of 14.15% and a net margin of 3.75%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. On average, sell-side analysts forecast that Qurate Retail Inc Series A will post 1.88 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QRTEA. Systematic Financial Management LP acquired a new stake in Qurate Retail Inc Series A in the third quarter valued at about $565,000. SG Americas Securities LLC lifted its position in Qurate Retail Inc Series A by 554.3% in the third quarter. SG Americas Securities LLC now owns 81,664 shares of the company’s stock valued at $842,000 after purchasing an additional 69,182 shares during the period. First Trust Advisors LP lifted its position in Qurate Retail Inc Series A by 20.0% in the third quarter. First Trust Advisors LP now owns 1,757,950 shares of the company’s stock valued at $18,133,000 after purchasing an additional 293,323 shares during the period. Gabelli Funds LLC lifted its position in Qurate Retail Inc Series A by 12.4% in the third quarter. Gabelli Funds LLC now owns 756,600 shares of the company’s stock valued at $7,804,000 after purchasing an additional 83,735 shares during the period. Finally, Citizens Financial Group Inc RI lifted its position in Qurate Retail Inc Series A by 150.9% in the third quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock valued at $26,000 after purchasing an additional 1,509 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Qurate Retail Inc Series A 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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Analyst Recommendations for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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