Zacks Research Downgrades Betterware de Mexico SAPI de C (NYSE:BWMX) to Strong Sell

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 released on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Freedom Capital raised shares of Betterware de Mexico SAPI de C to a “strong-buy” rating in a research report on Friday, January 2nd. Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Stock Up 1.6%

Shares of NYSE:BWMX opened at $17.09 on Wednesday. The firm has a market capitalization of $637.87 million, a PE ratio of 10.05 and a beta of 1.20. Betterware de Mexico SAPI de C has a 1 year low of $7.00 and a 1 year high of $19.79. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.93 and a quick ratio of 0.47. The firm’s 50-day moving average is $17.53 and its two-hundred day moving average is $16.10.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.42 EPS for the quarter. The business had revenue of $196.19 million during the quarter. Betterware de Mexico SAPI de C had a net margin of 8.19% and a return on equity of 89.15%. Analysts predict that Betterware de Mexico SAPI de C will post 2.37 EPS for the current year.

Insiders Place Their Bets

In other Betterware de Mexico SAPI de C news, CEO Andres Campos Chevallier purchased 10,000 shares of the business’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 purchase, the chief executive officer directly owned 50,000 shares in the company, valued at approximately $840,500. This represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

Several hedge funds and other institutional investors have recently made changes to their positions in BWMX. Quattro Financial Advisors LLC boosted its holdings in 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 purchasing an additional 15,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in 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 purchasing an additional 6,274 shares during the last quarter. Finally, State Street Corp raised its holdings in Betterware de Mexico SAPI de C by 7.0% during the fourth quarter. State Street Corp now owns 90,082 shares of the company’s stock worth $1,280,000 after purchasing an additional 5,881 shares in the last quarter. Institutional investors and hedge funds 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.