Betterware de Mexico SAPI de C (NYSE:BWMX) Stock Rating Cut to Strong Sell at Zacks Research

Betterware de Mexico SAPI de C (NYSE:BWMX) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

Several other research analysts have also recently issued reports on BWMX. Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen raised Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. One investment 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Stock Up 2.7%

NYSE BWMX opened at $17.08 on Wednesday. Betterware de Mexico SAPI de C has a 12 month low of $13.41 and a 12 month high of $19.79. The company has a market capitalization of $674.57 million, a P/E ratio of 8.76 and a beta of 0.99. The company’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $17.22. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.99 and a quick ratio of 0.47.

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. Betterware de Mexico SAPI de C had a return on equity of 70.20% and a net margin of 8.08%. Equities research analysts expect that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current fiscal year.

Insider Transactions at Betterware de Mexico SAPI de C

In related news, insider Santiago Campos Chevallier purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average price of $16.46 per share, with a total value of $246,900.00. Following the completion of the transaction, the insider owned 95,000 shares of the company’s stock, valued at $1,563,700. This represents a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andres Campos Chevallier purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $16.41 per share, for a total transaction of $492,300.00. Following the completion of the purchase, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at $1,312,800. The trade was a 60.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 150,015 shares of company stock valued at $2,471,555 in the last 90 days.

Institutional Trading of Betterware de Mexico SAPI de C

Several hedge funds have recently bought and sold shares of BWMX. Sei Investments Co. bought a new position in Betterware de Mexico SAPI de C in the first quarter valued at approximately $613,000. Arrowstreet Capital Limited Partnership increased its position 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 acquiring an additional 46,452 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Betterware de Mexico SAPI de C during the first quarter worth $785,000. Quattro Financial Advisors LLC increased its position in shares of Betterware de Mexico SAPI de C by 12.1% during the third quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after acquiring an additional 11,890 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of 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 worth $356,000 after acquiring an additional 6,475 shares during the period. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.