Betterware de Mexico SAPI de C (NYSE:BWMX) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other analysts have also recently commented on BWMX. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Freedom Capital raised Betterware de Mexico SAPI de C to a “strong-buy” rating in a research report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Betterware de Mexico SAPI de C Stock Up 0.4%

Betterware de Mexico SAPI de C stock opened at $17.10 on Monday. The firm has a market cap of $638.28 million, a price-to-earnings ratio of 11.63 and a beta of 1.26. Betterware de Mexico SAPI de C has a 52-week low of $7.00 and a 52-week high of $19.79. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.44 and a current ratio of 0.92. The firm has a 50 day moving average price of $17.86 and a two-hundred day moving average price of $15.32.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). Betterware de Mexico SAPI de C had a net margin of 7.35% and a return on equity of 87.14%. The firm had revenue of $212.26 million during the quarter.

Betterware de Mexico SAPI de C Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were paid a $0.3103 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.24 annualized dividend and a dividend yield of 7.3%. Betterware de Mexico SAPI de C’s payout ratio is currently 76.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in Betterware de Mexico SAPI de C by 7.0% in the fourth quarter. State Street Corp now owns 90,082 shares of the company’s stock worth $1,280,000 after purchasing an additional 5,881 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Betterware de Mexico SAPI de C by 11.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock worth $862,000 after purchasing an additional 6,274 shares in the last quarter. Finally, Quattro Financial Advisors LLC boosted its position in shares of Betterware de Mexico SAPI de C by 42.9% during the 4th quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock worth $710,000 after purchasing an additional 15,000 shares in the last quarter. 12.72% of the stock is owned by institutional investors.

About Betterware de Mexico SAPI de C

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.