Betterware de Mexico SAPI de C (NYSE:BWMX) Shares Gap Up – Time to Buy?

Betterware de Mexico SAPI de C (NYSE:BWMX)’s share price gapped up before the market opened on Monday. The stock had previously closed at $15.59, but opened at $16.61. Betterware de Mexico SAPI de C shares last traded at $16.9710, with a volume of 59,356 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Zacks Research upgraded Betterware de Mexico SAPI de C from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Betterware de Mexico SAPI de C Stock Up 1.1%

The stock has a 50 day moving average of $16.17 and a 200-day moving average of $17.21.

Betterware de Mexico SAPI de C (NYSE:BWMX) last issued its earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.17). The business had revenue of $267.27 million for the quarter. On average, equities analysts anticipate that Betterware de Mexico SAPI de C will post 2.50 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be issued a dividend of $0.3424 per share. This represents a $1.37 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, November 5th. This is a positive change from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252.

Insider Activity at Betterware de Mexico SAPI de C

In other news, Chairman Luis Campos bought 35,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were acquired at an average cost of $16.44 per share, for a total transaction of $575,400.00. Following the purchase, the chairman directly owned 20,358,497 shares of the company’s stock, valued at $334,693,690.68. This trade represents a 0.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Santiago Campos Chevallier acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of $16.46 per share, for a total transaction of $246,900.00. Following the transaction, the insider directly owned 95,000 shares of the company’s stock, valued at $1,563,700. This represents a 18.75% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 153,932 shares of company stock worth $2,537,870.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in Betterware de Mexico SAPI de C during the first quarter worth about $785,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Betterware de Mexico SAPI de C by 177.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock worth $1,224,000 after purchasing an additional 46,452 shares during the period. Sei Investments Co. purchased a new stake in Betterware de Mexico SAPI de C in the 1st quarter worth approximately $613,000. NewEdge Advisors LLC grew its position in shares of Betterware de Mexico SAPI de C by 88,706.7% in the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock worth $225,000 after buying an additional 13,306 shares during the last quarter. Finally, Quattro Financial Advisors LLC grew its position in shares of Betterware de Mexico SAPI de C by 12.1% in the 3rd quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after buying an additional 11,890 shares during the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

About Betterware de Mexico SAPI de C

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.