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

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

BWMX has been the subject of several other research reports. Weiss Ratings upgraded Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen raised Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Betterware de Mexico SAPI de C currently has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Stock Performance

BWMX stock opened at $17.08 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.99 and a debt-to-equity ratio of 2.51. The company 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 12 month low of $13.41 and a 12 month high of $19.79. The firm has a 50 day moving average of $16.20 and a two-hundred day moving average of $17.22.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Betterware de Mexico SAPI de C will post 2.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Luis Campos purchased 35,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of $16.44 per share, for a total transaction of $575,400.00. Following the transaction, the chairman directly owned 20,358,497 shares of the company’s stock, valued at approximately $334,693,690.68. This trade represents a 0.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andres Campos Chevallier acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $16.41 per share, with a total value of $492,300.00. Following the transaction, 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. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 150,015 shares of company stock worth $2,471,555 in the last ninety days.

Hedge Funds Weigh In On Betterware de Mexico SAPI de C

A number of hedge funds have recently made changes to their positions in BWMX. Public Employees Retirement System of Ohio acquired a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter valued at about $29,000. Confluence Investment Management LLC boosted its stake in Betterware de Mexico SAPI de C by 17.1% in the 2nd 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 in the last quarter. NewEdge Advisors LLC grew its position in 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 acquiring an additional 13,306 shares during the period. Sei Investments Co. bought a new stake in Betterware de Mexico SAPI de C in the first quarter valued at $613,000. Finally, Lazard Asset Management LLC acquired a new position in Betterware de Mexico SAPI de C during the first 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 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.