Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) reached a new 52-week low on Thursday . The stock traded as low as $3.37 and last traded at $3.43, with a volume of 10967 shares changing hands. The stock had previously closed at $3.58.
Several equities research analysts recently weighed in on the company. Citigroup raised Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a report on Wednesday, March 2nd. Bank of America raised Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a report on Wednesday, May 4th. Finally, StockNews.com downgraded Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a report on Monday, May 16th.
The company has a 50-day moving average price of $4.37 and a two-hundred day moving average price of $4.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.72.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $1.56 by ($1.64). Companhia Brasileira de Distribuição had a return on equity of 4.21% and a net margin of 4.33%. The business had revenue of $1.93 billion during the quarter. On average, research analysts predict that Companhia Brasileira de Distribuição will post 0.94 earnings per share for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Monday, May 9th will be given a $0.061 dividend. This represents a dividend yield of 1.43%. The ex-dividend date is Friday, May 6th.
Several hedge funds have recently bought and sold shares of CBD. Amundi Pioneer Asset Management Inc. raised its position in shares of Companhia Brasileira de Distribuição by 1.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock worth $7,966,000 after acquiring an additional 5,300 shares in the last quarter. Invesco Ltd. increased its position in Companhia Brasileira de Distribuição by 32.0% in the 2nd quarter. Invesco Ltd. now owns 46,191 shares of the company’s stock valued at $360,000 after buying an additional 11,209 shares in the last quarter. Morgan Stanley increased its position in Companhia Brasileira de Distribuição by 448.4% in the 2nd quarter. Morgan Stanley now owns 706,004 shares of the company’s stock valued at $5,500,000 after buying an additional 577,271 shares in the last quarter. BlackRock Inc. increased its position in Companhia Brasileira de Distribuição by 32.4% in the 3rd quarter. BlackRock Inc. now owns 277,651 shares of the company’s stock valued at $1,308,000 after buying an additional 67,966 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Companhia Brasileira de Distribuição in the 3rd quarter valued at about $341,000. 4.35% of the stock is owned by hedge funds and other institutional investors.
About Companhia Brasileira de Distribuição (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.
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