Betterware de Mexico SAPI de C (NYSE:BWMX) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Betterware de Mexico to “strong-buy” from “buy,” though Weiss Ratings maintained a “hold (C+)” rating and the broader analyst consensus remains “Hold.”
• BWMX shares opened at $15.78, with a market capitalization of approximately $623 million and a P/E ratio of 8.62. The company recently reported quarterly earnings of $0.57 per share on $237.83 million in revenue.
• Insiders purchased 75,762 shares worth about $1.26 million over the past quarter, while several institutional investors increased their holdings; institutions and hedge funds collectively own 12.72% of the stock.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note 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 report on Tuesday. One 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. According to data from MarketBeat, Betterware de Mexico SAPI de C presently has an average rating of "Hold".

Betterware de Mexico SAPI de C Price Performance

Betterware de Mexico SAPI de C stock opened at $15.78 on Friday. The company has a market cap of $623.15 million, a P/E ratio of 8.62 and a beta of 1.04. Betterware de Mexico SAPI de C has a one year low of $12.34 and a one year high of $19.79. The business has a fifty day moving average of $17.02 and a two-hundred day moving average of $17.34. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.57 and a current ratio of 1.11.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The business had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. As a group, analysts predict that Betterware de Mexico SAPI de C will post 2.5 earnings per share for the current fiscal year.

Insider Activity

In other Betterware de Mexico SAPI de C news, Chairman Luis Campos purchased 21,829 shares of Betterware de Mexico SAPI de C stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $17.00 per share, with a total value of $371,093.00. Following the completion of the acquisition, the chairman directly owned 20,278,497 shares of the company's stock, valued at approximately $344,734,449. This trade represents a 0.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 75,762 shares of company stock valued at $1,260,050 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BWMX. Confluence Investment Management LLC lifted 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 increased its position in 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 buying an additional 13,306 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Betterware de Mexico SAPI de C in the first quarter worth $785,000. Public Employees Retirement System of Ohio acquired a new position in Betterware de Mexico SAPI de C in the 1st quarter valued at about $29,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $1,224,000 after buying an additional 46,452 shares during the period. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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