Betterware de Mexico SAPI de C (NYSE:BWMX) Share Price Breaks Below 200 Day Moving Average - Here's What Happened

Key Points

• BWMX slipped below its 200-day moving average, trading as low as $17.07 against the $17.23 average before last changing hands at $17.22.
• Betterware reported quarterly EPS of $0.55, missing the $0.72 consensus estimate; revenue was $267.27 million.
• The company raised its quarterly dividend to $0.3424 per share, an annualized yield of about 8%. Insiders also bought 125,000 shares over the past quarter, while analyst ratings remained mixed with a “Moderate Buy” consensus.

Shares of Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $17.23 and traded as low as $17.07. Betterware de Mexico SAPI de C shares last traded at $17.22, with a volume of 88,717 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on BWMX. Wall Street Zen raised shares of Betterware de Mexico SAPI de C from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 5th. Weiss Ratings upgraded shares of Betterware de Mexico SAPI de C from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, October 26th. Finally, Zacks Research downgraded shares of Betterware de Mexico SAPI de C from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 28th. One equities research 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. According to MarketBeat.com, Betterware de Mexico SAPI de C currently has a consensus rating of "Moderate Buy".

Betterware de Mexico SAPI de C Stock Performance

The business has a 50-day moving average of $16.27 and a 200 day moving average of $17.23. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.99 and a quick ratio of 0.47. The company has a market cap of $679.93 million, a PE ratio of 8.83 and a beta of 1.13.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.17). The firm had revenue of $267.27 million during 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 anticipate that Betterware de Mexico SAPI de C will post 2.35 EPS for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be paid a $0.3424 dividend. This is a boost from Betterware de Mexico SAPI de C's previous quarterly dividend of $0.3252. The ex-dividend date is Thursday, November 5th. This represents a $1.37 annualized dividend and a dividend yield of 8.0%. Betterware de Mexico SAPI de C's dividend payout ratio (DPR) is currently 63.08%.

Insider Buying and Selling

In other Betterware de Mexico SAPI de C news, insider Santiago Campos Chevallier purchased 15,000 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were acquired at an average cost of $16.46 per share, for a total transaction of $246,900.00. Following the completion of the transaction, the insider owned 95,000 shares of the company's stock, valued at approximately $1,563,700. The trade was a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andres Campos Chevallier purchased 30,000 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $16.41 per share, for a total transaction of $492,300.00. Following the completion of the transaction, the chief executive officer directly owned 80,000 shares of the company's stock, valued at approximately $1,312,800. This trade represents a 60.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 125,000 shares of company stock valued at $2,046,300.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Betterware de Mexico SAPI de C during the first quarter valued at $29,000. Confluence Investment Management LLC grew its holdings in Betterware de Mexico SAPI de C by 17.1% during the second quarter. Confluence Investment Management LLC now owns 12,096 shares of the company's stock valued at $218,000 after purchasing an additional 1,768 shares during the period. NewEdge Advisors LLC grew its holdings in 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 valued at $356,000 after purchasing an additional 6,475 shares during the period. Quattro Financial Advisors LLC grew its holdings in 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 valued at $1,827,000 after purchasing an additional 11,890 shares during the period. Finally, Sei Investments Co. purchased a new stake in Betterware de Mexico SAPI de C in the first quarter worth about $613,000. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

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.

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