Chicago Partners Investment Group LLC Trims Position in Qurate Retail by 76.8%
July 20, 2023
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Qurate Retail ($NASDAQ:QRTEA), Inc. (NASDAQ:QRTEA) is a leading global interactive video and commerce company. It operates through its subsidiaries, including QVC, HSN, Zulily, Ballard Designs, Frontgate, Garnet Hill, Grandin Road, and Improvements, as well as in international markets. Recently, the Chicago Partners Investment Group LLC significantly decreased its holdings of Qurate Retail, Inc. by 76.8% during the first quarter. Other institutional investors have also recently made changes to their positions in the company.
Analysis
GoodWhale has conducted an analysis of QURATE RETAIL‘s wellbeing. From our analysis, we can conclude that QURATE RETAIL is strong in profitability, but weak in asset, dividend, growth. Considering its cashflows and debt, QURATE RETAIL has an intermediate health score of 6/10, which indicates that it is likely to pay off debt and fund future operations. Based on this information, investors who are focused on profitability may be interested in investing in QURATE RETAIL. However, investors who are looking for companies with strong asset, dividend and growth may want to look elsewhere for suitable investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qurate Retail. More…
| Total Revenues | Net Income | Net Margin |
| 11.87k | -2.58k | -6.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qurate Retail. More…
| Operations | Investing | Financing |
| 389 | 729 | -423 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qurate Retail. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.2k | 11.51k | 1.49 |
Key Ratios Snapshot
Some of the financial key ratios for Qurate Retail are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.7% | -7.8% | -15.9% |
| FCF Margin | ROE | ROA |
| 0.2% | -237.5% | -9.6% |
Peers
Its competitors are Redbubble Ltd, ASOS PLC, THG PLC.
– Redbubble Ltd ($ASX:RBL)
Redbubble Ltd is a publicly traded company with a market capitalization of 129.86 million as of 2022. The company has a return on equity of -12.32%. Redbubble is an online marketplace for independent artists and designers to sell their artwork and designs. The company was founded in 2006 and is headquartered in Melbourne, Australia.
– ASOS PLC ($LSE:ASC)
ASOS PLC is a UK-based online fashion retailer. The company has a market capitalization of 517.19 million as of 2022 and a return on equity of 4.58%. ASOS PLC sells clothing, footwear, and accessories for men and women. The company offers free delivery and returns on all orders. ASOS PLC was founded in 2000 and is headquartered in London, England.
– THG PLC ($LSE:THG)
STHG PLC is a real estate investment trust that focuses on the acquisition, development, and management of residential and commercial properties in the United Kingdom. As of 2022, the company had a market capitalization of 657.88 million pounds and a negative return on equity of 7.46%.
Summary
Qurate Retail, Inc. recently saw a 76.8% decrease in holdings by Chicago Partners Investment Group LLC in the first quarter. Following the news, the stock price dropped as well. The decline in investment and stock price indicates that investors have lost confidence in the company’s performance.
Investors may want to take a closer look at the company’s financials and analyze whether it is still a worthwhile investment for the long-term. It is important to consider industry trends, competitive landscape, and potential catalysts for growth before making any decisions.
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