Companhia Brasileira de Distribuição (NYSE:CBD) Hits New 1-Year Low at $3.12

Shares of Companhia Brasileira de Distribuição (NYSE:CBDGet Rating) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.12 and last traded at $3.16, with a volume of 4962 shares traded. The stock had previously closed at $3.16.

Several brokerages have recently issued reports on CBD. Bank of America raised Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a report 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 cut Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research note on Monday, May 16th.

The company has a 50-day simple moving average of $4.14 and a 200-day simple moving average of $4.25. The firm has a market cap of $859.31 million, a PE ratio of 2.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.72.

Companhia Brasileira de Distribuição (NYSE:CBDGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.08) earnings per share (EPS) 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 business had revenue of $1.93 billion for the quarter. As a group, equities research analysts predict that Companhia Brasileira de Distribuição will post 0.94 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date was Friday, May 6th. This represents a dividend yield of 1.43%.

Several large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at approximately $1,094,000. Wolverine Trading LLC purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at approximately $41,000. Credit Agricole S A purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at approximately $100,000. Qube Research & Technologies Ltd boosted its holdings in shares of Companhia Brasileira de Distribuição by 34.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock valued at $1,810,000 after purchasing an additional 116,146 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter valued at approximately $486,000. Institutional investors and hedge funds 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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