Columbia Management Investment Ad.. recently announced the acquisition of new stake in Qurate Retail Inc. (NASDAQ:QRTEA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 7.61% to 14.4 million shares with purchase of 1.02 million shares. This fresh investment now brings its stake to 3.72% valued currently at $157.12 million. In addition, Lyrical Asset Management LP raised its holdings by 85383.0 to 12.89 million shares. And Dimensional Fund Advisors LP has lifted its position by 21.49% or 2.26 million shares – to 12.77 million shares.
With over 4.73 million Qurate Retail Inc. (QRTEA) shares trading Tuesday and a closing price of $10.48 on the day, the dollar volume was approximately $49.61 million. The shares have shown a positive weekly performance of 15.10% and its price on 09/01/20 lost nearly -5.16%. Currently, there are 417.00M common shares owned by the public and among those 379.42M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for QRTEA have a consensus price objective of $12.99. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $7.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Qurate Retail Inc. stock is 2.60 for the next 12 months. The average price target is 18.32% above its last price level and an upside to the estimated low will see the stock lose -49.71% over that period. But an upside of 47.6% will see the stock hit the forecast high price target while mean target price for the stock is $12.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Qurate Retail Inc. are Dodge & Cox Funds – Stock Fund, Oakmark Fund, and Vanguard Total Stock Market Index. Dodge & Cox Funds – Stock Fund owns 36.58 million shares of the company’s stock, all valued at over $399.09 million. Vanguard Total Stock Market Index sold 8566.0 shares to bring its total holdings to over 11.02 million shares at a value of $120.24 million. Vanguard Total Stock Market Index now owns shares totaling to 2.85% of the shares outstanding.
Shares of Qurate Retail Inc. (NASDAQ: QRTEA) opened at $10.84, down -$0.21 from a prior closing price of $11.05. However, the script later closed the day at $10.48, down -5.16%. The company’s stock has a 5-day price change of 15.10% and 37.70% over the past three months. QRTEA shares are trading 43.91% year to date (YTD), with the 12-month market performance up to 19.76% higher. It has a 12-month low price of $2.60 and touched a high of $11.11 over the same period. Currently, 4.73 million shares have been traded, compared to an average intraday trading volume of 4.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.88%, 19.05%, and 43.53% respectively.
Institutional ownership of Qurate Retail Inc. (NASDAQ: QRTEA) shares accounts for 97.10% of the company’s 417.00M shares outstanding. Mutual fund holders own 47.30%, while other institutional holders and individual stakeholders account for 48.84% and 2.32% respectively.
It has a market capitalization of $4.41B and a beta (3y monthly) value of 1.37. The earnings-per-share (ttm) stands at -$1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.72% over the week and 4.83% over the month.
Analysts forecast that Qurate Retail Inc. (QRTEA) will achieve an EPS of $0.44 for the current quarter, $0.76 for the next quarter and $2.04 for 2021. The lowest estimate earnings-per-share for the quarter is $0.39 while analysts give the company a high EPS estimate of $0.48. Comparatively, EPS for the current quarter was $0.42 a year ago. Earnings per share for the fiscal year are expected to decrease by -164.50%, and 5.76% over the next financial year. EPS should grow at an annualized rate of 2.90% over the next five years, compared to -24.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Qurate Retail Inc. (QRTEA) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the QRTEA, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on April 21, 2020, with the firm’s price target at $10-$9. Evercore ISI coverage for the Qurate Retail Inc. (QRTEA) stock in a research note released on March 20, 2019 offered a In-line rating with a price target of $20. Citigroup was of a view on March 08, 2019 that the stock is Buy, while BofA/Merrill gave the stock Underperform rating on March 01, 2019, issuing a price target of. KeyBanc Capital Mkts on their part issued Sector Weight rating on January 04, 2019.