Betterware de Mexico (NASDAQ:BWMX) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Betterware de Mexico (NASDAQ:BWMXGet Rating) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Betterware de Mexico S.A.B. de C.V. is a direct-to-consumer selling company principally in Mexico. It primarily focused on the home organization and solutions segment. The company’s product portfolio includes home organization, kitchen preparation, food containers, smart furniture, technology and mobility, as well as other minor categories. Betterware de Mexico S.A.B. de C.V. is based in GUADALAJARA, Mexico. “

NASDAQ:BWMX opened at $16.46 on Wednesday. The firm has a market capitalization of $614.29 million, a P/E ratio of 8.44 and a beta of 0.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.39 and a quick ratio of 0.69. Betterware de Mexico has a one year low of $12.43 and a one year high of $50.10. The company’s 50-day simple moving average is $18.12 and its 200 day simple moving average is $20.96.

Betterware de Mexico (NASDAQ:BWMXGet Rating) last released its earnings results on Thursday, February 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.36). The business had revenue of $105.21 million for the quarter, compared to analysts’ expectations of $139.83 million. Betterware de Mexico had a net margin of 16.22% and a return on equity of 99.78%. On average, equities research analysts expect that Betterware de Mexico will post 2.37 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 12th will be issued a $0.4582 dividend. The ex-dividend date is Wednesday, May 11th. Betterware de Mexico’s dividend payout ratio (DPR) is 84.62%.

Several large investors have recently modified their holdings of the company. Mmbg Investment Advisors CO. purchased a new position in shares of Betterware de Mexico in the 4th quarter worth about $100,115,000. ProShare Advisors LLC increased its stake in Betterware de Mexico by 32.9% during the 4th quarter. ProShare Advisors LLC now owns 622,631 shares of the company’s stock valued at $13,051,000 after purchasing an additional 154,141 shares in the last quarter. Citadel Advisors LLC increased its stake in Betterware de Mexico by 311.9% during the 4th quarter. Citadel Advisors LLC now owns 63,228 shares of the company’s stock valued at $1,325,000 after purchasing an additional 47,879 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Betterware de Mexico in the first quarter worth about $561,000. Finally, Goldman Sachs Group Inc. bought a new position in Betterware de Mexico in the 4th quarter valued at approximately $253,000. Hedge funds and other institutional investors own 17.90% of the company’s stock.

Betterware de Mexico Company Profile (Get Rating)

Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, and other categories. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.

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