Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.42, but opened at $3.23. Companhia Brasileira de Distribuição shares last traded at $3.19, with a volume of 15,595 shares traded.
Several research firms have recently issued reports on CBD. StockNews.com cut shares of Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Bank of America raised shares of Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, Citigroup raised shares of Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 2nd.
The business has a 50-day simple moving average of $4.26 and a two-hundred day simple moving average of $4.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.72 and a current ratio of 1.11.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($1.64). The business had revenue of $1.93 billion during the quarter. Companhia Brasileira de Distribuição had a net margin of 4.33% and a return on equity of 4.21%. Equities analysts predict that Companhia Brasileira de Distribuição will post 0.94 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Monday, May 9th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a dividend yield of 1.43%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Companhia Brasileira de Distribuição by 2,166.0% in the first quarter. Bank of America Corp DE now owns 1,032,896 shares of the company’s stock valued at $5,205,000 after acquiring an additional 987,314 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Companhia Brasileira de Distribuição by 199.9% in the 1st quarter. Renaissance Technologies LLC now owns 725,500 shares of the company’s stock worth $3,657,000 after purchasing an additional 483,600 shares during 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 worth $5,500,000 after buying an additional 577,271 shares during the period. BlackRock Inc. increased its position in shares of Companhia Brasileira de Distribuição by 89.9% during the fourth quarter. BlackRock Inc. now owns 527,304 shares of the company’s stock valued at $2,104,000 after purchasing an additional 249,653 shares during the period. Finally, UBS Group AG increased its position in shares of Companhia Brasileira de Distribuição by 46.6% during the first quarter. UBS Group AG now owns 497,635 shares of the company’s stock valued at $2,508,000 after purchasing an additional 158,211 shares during the period. Hedge funds and other institutional investors own 4.35% of the company’s stock.
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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