Companhia Brasileira de Distribuição (NYSE:CBD) Brief Interest Update
Companhia Brasileira de Distribuição (NYSE: CBD – Get a rating) benefited from a sharp rise in short-term interest in April. As of April 15, there was short interest totaling 1,480,000 shares, an increase of 17.5% from the March 31 total of 1,260,000 shares. Based on an average daily volume of 875,900 shares, the day-to-cover ratio is currently 1.7 days. Currently, 0.6% of the stock’s shares are sold short.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Companhia Brasileira de Distribuição in Q1 valued at approximately $171,000. Counterpoint Mutual Funds LLC increased 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 valued at $66,000 after purchasing an additional 6,614 shares during the period. BlackRock Inc. increased its stake in Companhia Brasileira de Distribuição by 89.9% in the fourth quarter. BlackRock Inc. now owns 527,304 shares of the company valued at $2,104,000 after purchasing an additional 249,653 shares during the period. Boston Private Wealth LLC acquired a new stock position in Companhia Brasileira de Distribuição in Q4, valued at approximately $74,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stock position in Companhia Brasileira de Distribuição in Q4 valued at approximately $278,000. Institutional investors hold 4.35% of the company’s shares.
A number of research companies have recently commented on CBD. Bank of America upgraded Companhia Brasileira de Distribuição from an “underperforming” rating to a “buy” rating in a research report on Wednesday. StockNews.com upgraded 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 Wednesday, March 2 research report. One financial analyst gave the stock a hold rating and four gave the stock a buy rating. Companhia Brasileira de Distribuição currently has an average rating of “Buy” and an average price target of $6.00, according to MarketBeat data.
CBD opened at $4.42 on Friday. The company has a debt 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 growth price-to-earnings ratio of 0.08 and a beta of 0.92. The company has a 50-day moving average of $4.78 and a 200-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 company also recently declared an annual dividend, which will be paid on Wednesday, June 22. Shareholders of record on Monday, May 9 will receive a dividend of $0.061. This represents a return of 1.43%. The ex-dividend date is Friday, May 6. The dividend payout ratio (DPR) of Companhia Brasileira de Distribuição is 6.25%.
Company Profile Companhia Brasileira de Distribuição (Get a rating)
Companhia Brasileira de Distribuição is engaged in the retail sale of food, clothing, household appliances, electronics and other products through its chain of hypermarkets, supermarkets, specialty stores and department stores in Brazil. It operates in the food distribution and Éxito group segments. The company sells non-perishable food, beverages, fruits, vegetables, meat, bread, deli meats, dairy products, cleaning products, disposables and personal care products; and household appliances and other non-food items, such as baby clothes and items, shoes and accessories, housewares, books, magazines, CDs and DVDs, stationery, toys, sports and camping equipment, furniture, cell phones, mattresses, pet products, and gardening equipment and tools, and electronic products, including personal computers, software, computer accessories, and sound and image systems.
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