Betterware de Mexico SAPI de C (NYSE:BWMX) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a strong-buy rating to a buy rating in a research note published on Saturday.

BWMX has been the subject of several other research reports. Zacks Research cut Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Betterware de Mexico SAPI de C currently has an average rating of “Hold”.

Betterware de Mexico SAPI de C Stock Down 0.5%

Shares of Betterware de Mexico SAPI de C stock opened at $15.97 on Friday. The company has a 50-day simple moving average of $17.33 and a two-hundred day simple moving average of $17.49. The stock has a market capitalization of $596.19 million, a PE ratio of 8.73 and a beta of 1.05. Betterware de Mexico SAPI de C has a 52-week low of $12.34 and a 52-week high of $19.79. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.57 and a current ratio of 1.11.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. The firm had revenue of $237.83 million for the quarter. On average, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.3252 per share. This is a boost from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. This represents a $1.30 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Thursday, August 6th. Betterware de Mexico SAPI de C’s payout ratio is 71.04%.

Insider Activity at Betterware de Mexico SAPI de C

In other Betterware de Mexico SAPI de C news, Chairman Luis Campos acquired 46,830 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was purchased at an average price of $16.41 per share, with a total value of $768,480.30. Following the completion of the purchase, the chairman directly owned 20,249,565 shares in the company, valued at approximately $332,295,361.65. The trade was a 0.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 75,762 shares of company stock valued at $1,260,050 in the last quarter.

Hedge Funds Weigh In On Betterware de Mexico SAPI de C

Several hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Betterware de Mexico SAPI de C during the first quarter valued at $29,000. Confluence Investment Management LLC boosted its holdings in shares of Betterware de Mexico SAPI de C by 17.1% during the 2nd quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock valued at $218,000 after purchasing an additional 1,768 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Betterware de Mexico SAPI de C by 88,706.7% during the first quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock valued at $225,000 after purchasing an additional 13,306 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Betterware de Mexico SAPI de C during the first quarter valued at about $613,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Betterware de Mexico SAPI de C in the first quarter worth about $785,000. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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.