Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 1,480,000 shares, an increase of 17.5% from the March 31st total of 1,260,000 shares. Based on an average daily volume of 875,900 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.6% of the shares of the stock are sold short.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Companhia Brasileira de Distribuição in the 1st quarter valued at about $171,000. Counterpoint Mutual Funds LLC grew its holdings in 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 buying an additional 6,614 shares during the period. BlackRock Inc. grew its holdings in Companhia Brasileira de Distribuição by 89.9% in the 4th quarter. BlackRock Inc. now owns 527,304 shares of the company’s stock valued at $2,104,000 after buying an additional 249,653 shares during the period. Boston Private Wealth LLC acquired a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at about $74,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Companhia Brasileira de Distribuição in the 4th quarter valued at about $278,000. Institutional investors own 4.35% of the company’s stock.
A number of research firms recently commented on CBD. Bank of America upgraded Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research report on Wednesday. StockNews.com cut Companhia Brasileira de Distribuição from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Citigroup upgraded Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Companhia Brasileira de Distribuição presently has an average rating of “Buy” and an average price target of $6.00.
CBD opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 0.76. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 3.07, a price-to-earnings-growth ratio of 0.08 and a beta of 0.92. The business has a 50-day moving average of $4.78 and a two-hundred day moving average of $4.35. Companhia Brasileira de Distribuição has a 12 month low of $3.37 and a 12 month high of $8.41.
The firm also recently declared an annual dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Monday, May 9th will be issued a $0.061 dividend. This represents a yield of 1.43%. The ex-dividend date of this dividend is Friday, May 6th. Companhia Brasileira de Distribuição’s dividend payout ratio (DPR) is 6.25%.
Companhia Brasileira de Distribuição Company Profile (Get Rating)
Companhia Brasileira de Distribuição 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. It operates in Food Retail, and Éxito Group 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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