Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) shares fell 2.2% during trading on Friday . The stock traded as low as $3.09 and last traded at $3.12. 12,214 shares were traded during mid-day trading, a decline of 99% from the average session volume of 1,006,451 shares. The stock had previously closed at $3.19.
Several equities analysts recently weighed in on CBD shares. Citigroup raised Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 2nd. Bank of America raised 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 stock has a market capitalization of $840.47 million, a PE ratio of 2.61 and a beta of 0.91. The firm has a 50 day moving average of $4.10 and a two-hundred day moving average of $4.24. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.39.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last released 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). The firm 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 research analysts forecast that Companhia Brasileira de Distribuição will post 0.94 EPS for the current year.
The business also recently declared an annual dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Monday, May 9th were given a dividend of $0.061 per share. This represents a yield of 1.43%. The ex-dividend date of this dividend was Friday, May 6th.
A number of institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at $41,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Companhia Brasileira de Distribuição in the first quarter valued at $53,000. Atlas Capital Advisors LLC grew its position 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 valued at $54,000 after purchasing an additional 9,671 shares during the period. Counterpoint Mutual Funds LLC grew its position in shares of 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 purchasing an additional 6,614 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in Companhia Brasileira de Distribuição in the first quarter valued at $69,000. 4.35% of the stock is owned by 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.
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