Betterware de Mexico SAPI de C (NYSE:BWMX) Rating Increased to Hold at Zacks Research

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

Several other brokerages have also recently issued reports on BWMX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a report on Tuesday, September 1st. Wall Street Zen raised shares of Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Trading Down 1.4%

Shares of Betterware de Mexico SAPI de C stock opened at $16.52 on Tuesday. Betterware de Mexico SAPI de C has a twelve month low of $12.34 and a twelve month high of $19.79. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 2.96. The business has a 50-day moving average price of $16.49 and a 200-day moving average price of $17.14. The firm has a market cap of $652.18 million, a price-to-earnings ratio of 9.02 and a beta of 1.04.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its earnings results on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%.The company had revenue of $237.83 million for the quarter. Equities research analysts anticipate that Betterware de Mexico SAPI de C will post 2.5 EPS for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a $0.3252 dividend. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. This represents a $1.30 annualized dividend and a yield of 7.9%. The ex-dividend date was Thursday, August 6th. Betterware de Mexico SAPI de C’s dividend payout ratio (DPR) is 71.04%.

Insiders Place Their Bets

In related news, Chairman Luis Campos bought 35,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of $16.44 per share, with a total value of $575,400.00. Following the transaction, the chairman owned 20,358,497 shares in the company, valued at $334,693,690.68. This trade represents a 0.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andres Campos Chevallier purchased 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $16.41 per share, for a total transaction 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 trade represents a 60.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 200,762 shares of company stock valued at $3,306,350 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in Betterware de Mexico SAPI de C by 48.6% during the second quarter. NewEdge Advisors LLC now owns 19,796 shares of the company’s stock valued at $356,000 after acquiring an additional 6,475 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Betterware de Mexico SAPI de C by 17.1% in the 2nd quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock worth $218,000 after acquiring an additional 1,768 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Betterware de Mexico SAPI de C during the 1st quarter worth about $785,000. Public Employees Retirement System of Ohio bought a new position in Betterware de Mexico SAPI de C during the 1st quarter valued at about $29,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Betterware de Mexico SAPI de C by 177.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock valued at $1,224,000 after purchasing an additional 46,452 shares during the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

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, markets and distributes products designed to improve household organization and everyday living. Its product portfolio has included storage and organization solutions, kitchen and cleaning products, home accessories, personal-care items and other consumer goods.

The company primarily reaches customers through an independent sales force and catalog- and digitally supported direct-selling channels.