Betterware de Mexico SAPI de C (NYSE:BWMX – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.
BWMX has been the topic of a number of other reports. Wall Street Zen upgraded Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Betterware de Mexico SAPI de C
Betterware de Mexico SAPI de C Stock Up 2.7%
Shares of Betterware de Mexico SAPI de C stock opened at $17.08 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.47 and a debt-to-equity ratio of 2.51. The business’s 50 day simple moving average is $16.20 and its 200-day simple moving average is $17.22. The stock has a market capitalization of $674.57 million, a price-to-earnings ratio of 8.76 and a beta of 0.99. Betterware de Mexico SAPI de C has a twelve month low of $13.41 and a twelve month high of $19.79.
Betterware de Mexico SAPI de C (NYSE:BWMX – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.17). Betterware de Mexico SAPI de C had a return on equity of 70.20% and a net margin of 8.08%. The company had revenue of $267.27 million during the quarter. Equities research analysts forecast that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Santiago Campos Chevallier purchased 15,000 shares of Betterware de Mexico SAPI de C stock in a transaction dated Wednesday, September 16th. The stock was bought at an average cost of $16.46 per share, with a total value of $246,900.00. Following the purchase, the insider owned 95,000 shares in the company, valued at approximately $1,563,700. The trade was a 18.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andres Campos Chevallier acquired 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $16.41 per share, with a total value of $492,300.00. Following the completion of the acquisition, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at approximately $1,312,800. This represents a 60.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 150,015 shares of company stock worth $2,471,555.
Hedge Funds Weigh In On Betterware de Mexico SAPI de C
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Betterware de Mexico SAPI de C in the 1st quarter worth $29,000. Confluence Investment Management LLC lifted its holdings in shares of Betterware de Mexico SAPI de C by 17.1% in the second quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock valued at $218,000 after buying an additional 1,768 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Betterware de Mexico SAPI de C by 88,706.7% in the first quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock valued at $225,000 after buying an additional 13,306 shares during the period. Sei Investments Co. bought a new position in Betterware de Mexico SAPI de C during the first quarter valued at about $613,000. Finally, Lazard Asset Management LLC bought a new position in Betterware de Mexico SAPI de C during the first quarter valued at about $785,000. 12.72% of the stock is owned by 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.
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