StockNews.com downgraded shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) from a buy rating to a hold rating in a research report report published on Monday.
Several other equities analysts have also recently weighed in on CBD. JPMorgan Chase & Co. cut shares of Companhia Brasileira de Distribuição from an overweight rating to a neutral rating in a research note on Monday. Bank of America raised shares of Companhia Brasileira de Distribuição from an underperform rating to a buy rating in a research note on Wednesday, May 4th.
Companhia Brasileira de Distribuição Price Performance
NYSE:CBD opened at $2.88 on Monday. Companhia Brasileira de Distribuição has a 1-year low of $2.87 and a 1-year high of $6.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $4.12.
Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last released its earnings results 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 net margin of 4.33% and a return on equity of 4.21%. The firm had revenue of $1.93 billion during the quarter. On average, sell-side analysts expect that Companhia Brasileira de Distribuição will post 0.94 EPS for the current fiscal year.
Companhia Brasileira de Distribuição Cuts Dividend
The firm also recently declared an annual dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Monday, May 9th were issued a dividend of $0.061 per share. This represents a yield of 1.43%. The ex-dividend date was Friday, May 6th.
Institutional Investors Weigh In On Companhia Brasileira de Distribuição
Several hedge funds have recently added to or reduced their stakes in CBD. Bank of America Corp DE lifted its holdings in Companhia Brasileira de Distribuição by 2,166.0% during the 1st quarter. Bank of America Corp DE now owns 1,032,896 shares of the company’s stock valued at $5,205,000 after purchasing an additional 987,314 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Companhia Brasileira de Distribuição by 199.9% during the 1st quarter. Renaissance Technologies LLC now owns 725,500 shares of the company’s stock valued at $3,657,000 after purchasing an additional 483,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuição during the fourth quarter worth $1,094,000. UBS Group AG lifted its holdings 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 worth $2,508,000 after buying an additional 158,211 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Companhia Brasileira de Distribuição by 547.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 169,911 shares of the company’s stock worth $678,000 after buying an additional 143,667 shares in the last quarter. Institutional investors and hedge funds own 4.35% of the company’s stock.
Companhia Brasileira de Distribuição Company Profile
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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