Betterware de Mexico SAPI de C (NYSE:BWMX) Stock Moved Down to Strong Sell by Zacks Research

Zacks Research cut shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks reports.

A number of other research analysts also recently issued reports on BWMX. Weiss Ratings upgraded Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen raised Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Betterware de Mexico SAPI de C currently has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Price Performance

Shares of NYSE BWMX opened at $17.08 on Wednesday. The firm has a market cap of $674.57 million, a PE ratio of 8.76 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 0.47 and a debt-to-equity ratio of 2.51. Betterware de Mexico SAPI de C has a 1-year low of $13.41 and a 1-year high of $19.79. The company has a fifty day moving average price of $16.20 and a 200 day moving average price of $17.22.

Betterware de Mexico SAPI de C (NYSE:BWMX) last released its earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.17). The firm had revenue of $267.27 million for the quarter. Betterware de Mexico SAPI de C had a return on equity of 70.20% and a net margin of 8.08%. Research analysts predict that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be paid a $0.3424 dividend. This represents a $1.37 annualized dividend and a yield of 8.0%. The ex-dividend date is Thursday, November 5th. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252. Betterware de Mexico SAPI de C’s dividend payout ratio (DPR) is presently 66.67%.

Insiders Place Their Bets

In related news, Chairman Luis Campos acquired 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of $16.44 per share, for a total transaction of $575,400.00. Following the acquisition, the chairman directly owned 20,358,497 shares of the company’s stock, valued at approximately $334,693,690.68. The trade was a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andres Campos Chevallier acquired 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $16.41 per share, with a total value of $492,300.00. Following the acquisition, the chief executive officer directly owned 80,000 shares in the company, valued at $1,312,800. This represents a 60.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 150,015 shares of company stock valued at $2,471,555 in the last three months.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BWMX. Quattro Financial Advisors LLC increased its position in shares of Betterware de Mexico SAPI de C by 12.1% during the 3rd quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after purchasing an additional 11,890 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Betterware de Mexico SAPI de C by 177.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock valued at $1,224,000 after buying an additional 46,452 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Betterware de Mexico SAPI de C in the 1st quarter valued at approximately $785,000. Sei Investments Co. bought a new position in shares of Betterware de Mexico SAPI de C in the first quarter valued at $613,000. Finally, NewEdge Advisors LLC grew its stake in shares of Betterware de Mexico SAPI de C by 48.6% in the second quarter. NewEdge Advisors LLC now owns 19,796 shares of the company’s stock valued at $356,000 after buying an additional 6,475 shares in the last quarter. 12.72% of the stock is owned by institutional investors and hedge funds.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, distributes and sells products for the home, personal care and beauty markets. Its Betterware brand is known primarily for home-organization, kitchen, cleaning, storage and lifestyle products.

The company sells through a network of independent distributors and representatives, supported by product catalogs, digital commerce and other direct-selling channels. This model allows Betterware to reach consumers across Mexico and provides distributors with product, ordering and promotional support.

In 2022, Betterware de México expanded its business through the acquisition of JAFRA, an international direct-selling beauty company.