Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) reached a new 52-week low during trading on Thursday . The company traded as low as $2.96 and last traded at $2.97, with a volume of 10470 shares. The stock had previously closed at $3.06.
Analyst Upgrades and Downgrades
CBD has been the topic of a number of research analyst reports. Bank of America upgraded shares of Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a report on Wednesday, May 4th. StockNews.com upgraded shares of Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a report on Friday.
Companhia Brasileira de Distribuição Stock Down 1.7 %
The firm has a market capitalization of $781.19 million, a P/E ratio of 2.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.72 and a current ratio of 1.11. The business’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $4.16.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.08) earnings per share 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 firm had revenue of $1.93 billion during the quarter. Equities analysts expect that Companhia Brasileira de Distribuição will post 0.94 earnings per share for the current fiscal year.
Companhia Brasileira de Distribuição Cuts Dividend
The company also recently declared an annual dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Monday, May 9th were issued a $0.061 dividend. This represents a dividend yield of 1.43%. The ex-dividend date was Friday, May 6th.
Institutional Trading of Companhia Brasileira de Distribuição
Institutional investors have recently modified their holdings of the company. Wolverine Trading LLC bought a new stake in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at about $41,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Companhia Brasileira de Distribuição in the 1st quarter valued at approximately $53,000. 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 valued at $54,000 after purchasing an additional 9,671 shares during the last quarter. Counterpoint Mutual Funds LLC raised its position in shares of Companhia Brasileira de Distribuição by 102.4% in 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. Finally, Banco BTG Pactual S.A. purchased a new position in shares of Companhia Brasileira de Distribuição in the 1st quarter valued at approximately $69,000. 4.35% of the stock is currently owned by institutional investors.
About Companhia Brasileira de Distribuição
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.
Further Reading
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