Key Points
- Chairman Luis Campos bought 35,000 BWMX shares at an average price of $16.44, investing $575,400 and increasing his holdings to 20.36 million shares. This follows several additional purchases in recent months.
- Betterware reported quarterly revenue of $237.83 million and EPS of $0.57, while analysts expect full-year EPS of $2.50. The company raised its quarterly dividend to $0.3252, implying an annualized yield of approximately 8.1%.
- BWMX shares opened at $15.99, with a market capitalization of about $631.6 million and a price-to-earnings ratio of 8.74. Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating despite one “Strong Buy” recommendation.
Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) insider Santiago Campos Chevallier bought 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased 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 $1,563,700. This represents a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Betterware de Mexico SAPI de C Trading Down 0.8%
Betterware de Mexico SAPI de C stock opened at $15.99 on Friday. The business has a 50 day moving average price of $16.60 and a two-hundred day moving average price of $17.16. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 2.96. Betterware de Mexico SAPI de C has a 12 month low of $12.34 and a 12 month high of $19.79. The stock has a market cap of $631.64 million, a price-to-earnings ratio of 8.74 and a beta of 1.04.
Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The company had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%. As a group, equities analysts forecast that Betterware de Mexico SAPI de C will post 2.5 EPS for the current year.
Betterware de Mexico SAPI de C Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.3252 per share. This is an increase from Betterware de Mexico SAPI de C's previous quarterly dividend of $0.31. This represents a $1.30 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Thursday, August 6th. Betterware de Mexico SAPI de C's dividend payout ratio is presently 71.04%.
Institutional Trading of Betterware de Mexico SAPI de C
Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake 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 worth $356,000 after acquiring an additional 6,475 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Betterware de Mexico SAPI de C by 17.1% in 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 in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Betterware de Mexico SAPI de C in the 1st quarter worth about $785,000. Public Employees Retirement System of Ohio bought a new stake in shares of Betterware de Mexico SAPI de C in the 1st quarter worth about $29,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Betterware de Mexico SAPI de C by 177.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company's stock worth $1,224,000 after purchasing an additional 46,452 shares in the last quarter. Institutional investors and hedge funds own 12.72% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C from a "buy" rating to a "strong-buy" rating in a research note 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Betterware de Mexico SAPI de C has a consensus rating of "Hold".
Read Our Latest Stock Report on Betterware de Mexico SAPI de C
Betterware de Mexico SAPI de C Company Profile
(
Get Free Report)
Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, markets and distributes products designed to improve household organization and everyday living. Its product portfolio has included storage and organization solutions, kitchen and cleaning products, home accessories, personal-care items and other consumer goods.
The company primarily reaches customers through an independent sales force and catalog- and digitally supported direct-selling channels.
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