Betterware de Mexico SAPI de C (NYSE:BWMX) Stock Price Up 0.5% – What’s Next?

by · The Markets Daily

Betterware de Mexico SAPI de C (NYSE:BWMX – Get Free Report)’s share price traded up 0.5% during trading on Tuesday. The company traded as high as $16.16 and last traded at $16.1150. Approximately 11,577 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 40,619 shares. The stock had previously closed at $16.03.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on BWMX

Betterware de Mexico SAPI de C Price Performance

The company has a market capitalization of $632.79 million, a P/E ratio of 8.76 and a beta of 0.99. The company has a fifty day moving average price of $16.15 and a 200 day moving average price of $17.04. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.11 and a quick ratio of 0.57.

Betterware de Mexico SAPI de C (NYSE:BWMX – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.17). Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%. The company had revenue of $267.27 million for the quarter. On average, sell-side analysts forecast that Betterware de Mexico SAPI de C will post 2.50 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Luis Campos bought 35,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of $16.44 per share, for a total transaction of $575,400.00. Following the completion of the purchase, the chairman owned 20,358,497 shares of the company’s stock, valued at $334,693,690.68. This represents a 0.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Santiago Campos Chevallier purchased 15,000 shares of Betterware de Mexico SAPI de C stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average cost of $16.46 per share, with a total value of $246,900.00. Following the acquisition, the insider owned 95,000 shares of the company’s stock, valued at approximately $1,563,700. This trade represents a 18.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 200,762 shares of company stock valued at $3,306,350 over the last three months.

Institutional Trading of Betterware de Mexico SAPI de C

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Betterware de Mexico SAPI de C in the 1st quarter valued at about $29,000. Confluence Investment Management LLC boosted its stake in 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 valued at $218,000 after purchasing an additional 1,768 shares during the period. NewEdge Advisors LLC grew its position in Betterware de Mexico SAPI de C by 48.6% in the 2nd 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. Quattro Financial Advisors LLC grew its position in Betterware de Mexico SAPI de C by 12.1% in the 3rd quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after purchasing an additional 11,890 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Betterware de Mexico SAPI de C in the 1st quarter worth about $613,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

About Betterware de Mexico SAPI de C

(Get Free Report)

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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