Betterware de Mexico SAPI de C (NYSE:BWMX) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Freedom Capital upgraded shares of Betterware de Mexico SAPI de C to a “strong-buy” rating in a research note on Friday, January 2nd. Weiss Ratings upgraded shares of Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Betterware de Mexico SAPI de C Trading Down 0.2%

Shares of NYSE:BWMX opened at $17.03 on Monday. Betterware de Mexico SAPI de C has a 52-week low of $7.00 and a 52-week high of $19.79. The stock has a market cap of $635.60 million, a price-to-earnings ratio of 11.59 and a beta of 1.26. The company has a quick ratio of 0.44, a current ratio of 0.92 and a debt-to-equity ratio of 2.46. The business has a 50-day moving average price of $17.84 and a 200-day moving average price of $15.31.

Betterware de Mexico SAPI de C (NYSE:BWMX) last released its earnings results on Thursday, February 26th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). The firm had revenue of $212.26 million for the quarter. Betterware de Mexico SAPI de C had a return on equity of 87.14% and a net margin of 7.35%.

Betterware de Mexico SAPI de C Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.24 dividend on an annualized basis and a yield of 7.3%. Betterware de Mexico SAPI de C’s payout ratio is presently 76.19%.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

Hedge funds have recently modified their holdings of the company. Quattro Financial Advisors LLC grew its position in shares of Betterware de Mexico SAPI de C by 42.9% during the 4th quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock valued at $710,000 after acquiring an additional 15,000 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Betterware de Mexico SAPI de C by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock valued at $862,000 after purchasing an additional 6,274 shares in the last quarter. Finally, State Street Corp raised its holdings in Betterware de Mexico SAPI de C by 7.0% in the 4th quarter. State Street Corp now owns 90,082 shares of the company’s stock worth $1,280,000 after purchasing an additional 5,881 shares during the period. 12.72% of the stock is owned by hedge funds and other institutional investors.

About Betterware de Mexico SAPI de C

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.