Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as $3.12 and last traded at $3.16, with a volume of 4962 shares changing hands. The stock had previously closed at $3.16.
CBD has been the subject of a number of recent research reports. Bank of America raised Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 4th. Citigroup raised Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 2nd. Finally, StockNews.com lowered Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research note on Monday, May 16th.
The business has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $4.26. The firm has a market cap of $853.93 million, a P/E ratio of 2.80 and a beta of 0.91. 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 released its quarterly earnings results 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 for the quarter. Companhia Brasileira de Distribuição had a net margin of 4.33% and a return on equity of 4.21%. On average, research analysts expect that Companhia Brasileira de Distribuição will post 0.94 EPS for the current year.
The firm also recently declared an annual dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Monday, May 9th will be given a dividend of $0.061 per share. This represents a yield of 1.43%. The ex-dividend date is Friday, May 6th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC raised its position in Companhia Brasileira de Distribuição by 102.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock valued at $66,000 after purchasing an additional 6,614 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of Companhia Brasileira de Distribuição by 84.3% in the 4th quarter. Arkadios Wealth Advisors now owns 17,829 shares of the company’s stock worth $71,000 after acquiring an additional 8,153 shares in the last quarter. Atlas Capital Advisors LLC raised its position in shares of Companhia Brasileira de Distribuição by 872.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after acquiring an additional 9,671 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter worth approximately $41,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Companhia Brasileira de Distribuição in the 1st quarter worth approximately $53,000. 4.35% of the stock is owned by institutional investors and hedge funds.
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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