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

Betterware de Mexico SAPI de C (NYSE:BWMX) shares 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 trading hands.

Wall Street Analyst Weigh In

BWMX has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research note on Tuesday, September 1st. Wall Street Zen upgraded Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Finally, Zacks Research raised 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 company’s stock. According to MarketBeat.com, Betterware de Mexico SAPI de C presently has an average rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Price Performance

The firm has a market capitalization of $685.35 million, a price-to-earnings ratio of 8.90 and a beta of 0.99. The company has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $17.03. The company has a quick ratio of 0.47, a current ratio of 0.99 and a debt-to-equity ratio of 2.51.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced 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). The business had revenue of $267.27 million during the quarter. Betterware de Mexico SAPI de C had a net margin of 8.08% and a return on equity of 70.20%. On average, equities research analysts expect that Betterware de Mexico SAPI de C will post 2.50 EPS for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be paid a dividend of $0.3424 per share. The ex-dividend date is Thursday, November 5th. This represents a $1.37 dividend on an annualized basis and a yield of 7.9%. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252. Betterware de Mexico SAPI de C’s dividend payout ratio (DPR) is currently 66.67%.

Insiders Place Their Bets

In other Betterware de Mexico SAPI de C news, Chairman Luis Campos acquired 45,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $16.26 per share, for a total transaction of $731,700.00. Following the completion of the purchase, the chairman owned 20,323,497 shares in the company, valued at $330,460,061.22. This trade represents a 0.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andres Campos Chevallier acquired 30,000 shares of the company’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 purchase, the chief executive officer owned 80,000 shares of the company’s stock, valued at $1,312,800. This trade represents a 60.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 153,932 shares of company stock valued at $2,537,870.

Hedge Funds Weigh In On Betterware de Mexico SAPI de C

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. purchased a new stake in Betterware de Mexico SAPI de C during the 1st quarter valued at approximately $613,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Betterware de Mexico SAPI de C by 177.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock valued at $1,224,000 after purchasing an additional 46,452 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Betterware de Mexico SAPI de C in the 1st quarter valued at approximately $785,000. Quattro Financial Advisors LLC increased its holdings in shares of Betterware de Mexico SAPI de C by 12.1% in 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, NewEdge Advisors LLC raised its stake in shares of 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 worth $356,000 after purchasing an additional 6,475 shares during the last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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.