Wall Street Zen cut shares of Betterware de Mexico SAPI de C (NYSE:BWMX – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.
Several other equities research analysts have also recently weighed in on BWMX. 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 raised Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Betterware de Mexico SAPI de C presently has a consensus rating of “Hold”.
Betterware de Mexico SAPI de C Price Performance
Betterware de Mexico SAPI de C (NYSE:BWMX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. On average, equities research analysts predict 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. Stockholders of record on Thursday, August 6th were paid a $0.3252 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Thursday, August 6th. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. Betterware de Mexico SAPI de C’s dividend payout ratio is 71.04%.
Insider Activity
In related news, Chairman Luis Campos purchased 21,829 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $17.00 per share, with a total value of $371,093.00. Following the acquisition, the chairman owned 20,278,497 shares of the company’s stock, valued at $344,734,449. This trade represents a 0.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 75,762 shares of company stock worth $1,260,050.
Institutional Trading of Betterware de Mexico SAPI de C
A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Betterware de Mexico SAPI de C during the first quarter worth $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 acquiring an additional 1,768 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Betterware de Mexico SAPI de C by 88,706.7% during the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock valued at $225,000 after acquiring an additional 13,306 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter valued at $613,000. Finally, Lazard Asset Management LLC bought a new stake in Betterware de Mexico SAPI de C during the 1st quarter worth $785,000. Institutional investors and hedge funds own 12.72% of the company’s stock.
Betterware de Mexico SAPI de C Company Profile
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.
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