Betterware de Mexico SAPI de C (NYSE:BWMX) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Betterware de Mexico SAPI de C Stock Performance

NYSE BWMX opened at $15.78 on Friday. The stock has a fifty day simple moving average of $17.02 and a 200 day simple moving average of $17.34. Betterware de Mexico SAPI de C has a twelve month low of $12.34 and a twelve month high of $19.79. The company has a market capitalization of $623.15 million, a price-to-earnings ratio of 8.62 and a beta of 1.04. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 2.96.

Betterware de Mexico SAPI de C (NYSE:BWMX) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The firm had revenue of $237.83 million during the quarter. Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%. Sell-side analysts expect that Betterware de Mexico SAPI de C will post 2.5 EPS for the current year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.3252 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.30 dividend on an annualized basis and a yield of 8.2%. 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 currently 71.04%.

Insider Buying and Selling at Betterware de Mexico SAPI de C

In related news, Chairman Luis Campos acquired 46,830 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were bought at an average cost of $16.41 per share, for a total transaction of $768,480.30. Following the completion of the transaction, the chairman owned 20,249,565 shares in the company, valued at approximately $332,295,361.65. This trade represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 75,762 shares of company stock valued at $1,260,050 in the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Betterware de Mexico SAPI de C during the 1st quarter valued at about $29,000. Confluence Investment Management LLC raised its holdings in 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 buying an additional 1,768 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Betterware de Mexico SAPI de C by 88,706.7% during the first quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock worth $225,000 after purchasing an additional 13,306 shares during the period. Sei Investments Co. purchased a new stake in Betterware de Mexico SAPI de C in the 1st quarter worth approximately $613,000. Finally, Lazard Asset Management LLC bought a new stake in Betterware de Mexico SAPI de C in the first quarter valued at $785,000. Institutional investors 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.