Betterware de Mexico SAPI de C (NYSE:BWMX) Shares Gap Up – Time to Buy?

Betterware de Mexico SAPI de C (NYSE:BWMX) gapped up prior to trading on Monday. The stock had previously closed at $15.59, but opened at $16.61. Betterware de Mexico SAPI de C shares last traded at $16.9710, with a volume of 59,356 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BWMX shares. Wall Street Zen upgraded Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research note on Tuesday, September 1st. Finally, Zacks Research upgraded Betterware de Mexico SAPI de C from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Betterware de Mexico SAPI de C presently has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Stock Performance

The firm has a market cap of $685.35 million, a PE ratio of 8.90 and a beta of 0.99. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.47 and a current ratio of 0.99. The firm’s 50 day moving average price is $16.13 and its two-hundred day moving average price is $17.03.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its earnings results on Thursday, October 22nd. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.17). Betterware de Mexico SAPI de C had a net margin of 8.08% and a return on equity of 70.20%. The business had revenue of $267.27 million during the quarter. On average, research analysts forecast that Betterware de Mexico SAPI de C will post 2.50 earnings per share for the current year.

Betterware de Mexico SAPI de C Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be issued a $0.3424 dividend. This represents a $1.37 annualized dividend and a yield of 7.9%. This is a positive change from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252. The ex-dividend date of this dividend is Thursday, November 5th. Betterware de Mexico SAPI de C’s dividend payout ratio is 66.67%.

Insider Activity at Betterware de Mexico SAPI de C

In other news, insider Santiago Campos Chevallier acquired 15,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of $16.46 per share, with a total value of $246,900.00. Following the transaction, the insider owned 95,000 shares in the company, valued at approximately $1,563,700. This trade represents a 18.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andres Campos Chevallier acquired 30,000 shares of Betterware de Mexico SAPI de C stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average price of $16.41 per share, for a total transaction of $492,300.00. Following the completion of the acquisition, the chief executive officer directly owned 80,000 shares in the company, valued at approximately $1,312,800. This represents a 60.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 153,932 shares of company stock valued at $2,537,870 over the last 90 days.

Institutional Trading of Betterware de Mexico SAPI de C

A number of hedge funds and other institutional investors have recently bought and sold shares of BWMX. Public Employees Retirement System of Ohio purchased a new position in Betterware de Mexico SAPI de C in the first quarter valued at approximately $29,000. Confluence Investment Management LLC lifted its position in shares of 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 worth $218,000 after buying an additional 1,768 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Betterware de Mexico SAPI de C by 48.6% during the 2nd quarter. NewEdge Advisors LLC now owns 19,796 shares of the company’s stock worth $356,000 after buying an additional 6,475 shares during the last quarter. Quattro Financial Advisors LLC lifted its position in shares of Betterware de Mexico SAPI de C by 12.1% during the 3rd quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after buying an additional 11,890 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in shares of Betterware de Mexico SAPI de C in the 1st quarter valued at $613,000. 12.72% of the stock is currently owned by institutional investors and hedge funds.

Betterware de Mexico SAPI de C Company Profile

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.