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

Zacks Research cut shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a hold rating to a strong sell rating in a research report released on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Freedom Capital upgraded Betterware de Mexico SAPI de C to a “strong-buy” rating in a research report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Betterware de Mexico SAPI de C has an average rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Trading Down 0.9%

Shares of BWMX stock opened at $16.86 on Wednesday. The business’s fifty day moving average price is $17.53 and its 200 day moving average price is $16.10. Betterware de Mexico SAPI de C has a 1-year low of $7.00 and a 1-year high of $19.79. The firm has a market capitalization of $629.33 million, a PE ratio of 9.92 and a beta of 1.06. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.93 and a quick ratio of 0.47.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.42 earnings per share for the quarter. Betterware de Mexico SAPI de C had a return on equity of 89.15% and a net margin of 8.19%.The firm had revenue of $196.19 million for the quarter. As a group, sell-side analysts forecast that Betterware de Mexico SAPI de C will post 2.37 EPS for the current fiscal year.

Betterware de Mexico SAPI de C Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.3063 per share. This represents a $1.23 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, May 12th. Betterware de Mexico SAPI de C’s payout ratio is presently 65.88%.

Insider Buying and Selling

In other news, CEO Andres Campos Chevallier bought 10,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the transaction, the chief executive officer owned 50,000 shares in the company, valued at $840,500. This trade represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Betterware de Mexico SAPI de C

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Betterware de Mexico SAPI de C by 7.0% in the fourth quarter. State Street Corp now owns 90,082 shares of the company’s stock valued at $1,280,000 after acquiring an additional 5,881 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Betterware de Mexico SAPI de C by 11.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock valued at $862,000 after acquiring an additional 6,274 shares in the last quarter. Finally, Quattro Financial Advisors LLC lifted its position in shares of Betterware de Mexico SAPI de C by 42.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock valued at $710,000 after acquiring an additional 15,000 shares in the last quarter. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

About Betterware de Mexico SAPI de C

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.