Separately, Zacks Investment Research cut Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, September 18th.
Shares of Companhia Brasileira de Distribuição stock opened at $14.12 on Tuesday. Companhia Brasileira de Distribuição has a 12-month low of $9.39 and a 12-month high of $22.64. The stock has a market cap of $3.77 billion, a P/E ratio of 32.09, a P/E/G ratio of 0.86 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $12.66 and its 200-day moving average is $12.73.
Companhia Brasileira de Distribuição (NYSE:CBD) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Companhia Brasileira de Distribuição had a return on equity of 3.36% and a net margin of 0.68%. The company had revenue of $3.96 billion for the quarter. On average, sell-side analysts expect that Companhia Brasileira de Distribuição will post 0.78 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Companhia Brasileira de Distribuição during the 2nd quarter worth approximately $452,000. Bank of America Corp DE increased its holdings in shares of Companhia Brasileira de Distribuição by 4,820.2% during the 2nd quarter. Bank of America Corp DE now owns 406,902 shares of the company’s stock worth $5,318,000 after acquiring an additional 398,632 shares during the last quarter. UBS Group AG increased its holdings in shares of Companhia Brasileira de Distribuição by 5.4% during the 2nd quarter. UBS Group AG now owns 270,608 shares of the company’s stock worth $3,537,000 after acquiring an additional 13,844 shares during the last quarter. CWM Advisors LLC increased its holdings in shares of Companhia Brasileira de Distribuição by 2,602.8% during the 2nd quarter. CWM Advisors LLC now owns 27,217 shares of the company’s stock worth $356,000 after acquiring an additional 26,210 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of Companhia Brasileira de Distribuição during the 2nd quarter worth approximately $142,000. 6.68% of the stock is currently owned by institutional investors and hedge funds.
About Companhia Brasileira de Distribuição
Companhia Brasileira de DistribuiÃ§Ã£o engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates in Food Retail, and Cash and Carry segments. The Food Retail segment 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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