Shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.37 and last traded at $3.43, with a volume of 10967 shares trading hands. The stock had previously closed at $3.58.
A number of equities analysts have recently weighed in on CBD shares. Citigroup upgraded Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 2nd. Bank of America upgraded Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 4th. Finally, StockNews.com downgraded Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research note on Monday, May 16th.
The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $4.37 and a 200 day moving average of $4.28.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($1.64). Companhia Brasileira de Distribuição had a net margin of 4.33% and a return on equity of 4.21%. The business had revenue of $1.93 billion for the quarter. As a group, equities analysts expect that Companhia Brasileira de Distribuição will post 0.94 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Monday, May 9th will be issued a dividend of $0.061 per share. The ex-dividend date is Friday, May 6th. This represents a yield of 1.43%.
Institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC bought a new position in shares of Companhia Brasileira de Distribuição in the fourth quarter worth $41,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Companhia Brasileira de Distribuição in the first quarter worth $53,000. Atlas Capital Advisors LLC increased its holdings in shares of Companhia Brasileira de Distribuição by 872.8% in the first quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after purchasing an additional 9,671 shares during the period. Counterpoint Mutual Funds LLC increased its stake in Companhia Brasileira de Distribuição by 102.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock valued at $66,000 after acquiring an additional 6,614 shares during the last quarter. Finally, Banco BTG Pactual S.A. bought a new position in Companhia Brasileira de Distribuição in the first quarter valued at $69,000. 4.35% of the stock is currently owned by hedge funds and other institutional investors.
Companhia Brasileira de Distribuição Company Profile (NYSE:CBD)
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
Featured Articles
Receive News & Ratings for Companhia Brasileira de Distribuição Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Companhia Brasileira de Distribuição and related companies with MarketBeat.com’s FREE daily email newsletter.
Recent Comments