TheStreet Lowers Nu Skin Enterprises Inc. (NUS) to Hold
Other analysts also recently issued research reports about the company. Citigroup Inc. upped their target price on Nu Skin Enterprises from $66.00 to $69.00 and gave the stock a buy rating in a research note on Wednesday, September 21st. Deutsche Bank AG upped their target price on Nu Skin Enterprises from $55.00 to $57.00 and gave the stock a buy rating in a research note on Friday, August 5th. Pivotal Research upped their target price on Nu Skin Enterprises from $60.00 to $70.00 and gave the stock a buy rating in a research note on Friday, August 5th. Zacks Investment Research downgraded Nu Skin Enterprises from a buy rating to a hold rating in a research note on Thursday, October 27th. Finally, Jefferies Group upped their target price on Nu Skin Enterprises from $53.00 to $61.00 and gave the stock a hold rating in a research note on Thursday, September 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $56.25.
Nu Skin Enterprises (NYSE:NUS) opened at 52.18 on Monday. The firm’s 50-day moving average price is $58.29 and its 200 day moving average price is $53.67. Nu Skin Enterprises has a 12-month low of $23.51 and a 12-month high of $66.04. The stock has a market cap of $2.84 billion, a PE ratio of 21.11 and a beta of 1.75.
Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Thursday, November 3rd. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. Nu Skin Enterprises had a return on equity of 20.06% and a net margin of 6.26%. The firm had revenue of $604 million for the quarter, compared to the consensus estimate of $583.74 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Nu Skin Enterprises will post $2.97 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Friday, November 18th will be issued a $0.355 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.42 annualized dividend and a dividend yield of 2.72%. Nu Skin Enterprises’s dividend payout ratio is presently 57.96%.
In related news, Director Andrew D. Lipman sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $64.13, for a total value of $1,923,900.00. Following the completion of the sale, the director now owns 36,090 shares of the company’s stock, valued at $2,314,451.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Steven Lund sold 61,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $61.55, for a total value of $3,754,550.00. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new stake in Nu Skin Enterprises during the third quarter valued at approximately $106,000. Metropolitan Life Insurance Co. NY raised its position in shares of Nu Skin Enterprises by 3.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,349 shares of the company’s stock valued at $109,000 after buying an additional 77 shares during the last quarter. Washington Trust Bank raised its position in shares of Nu Skin Enterprises by 0.6% in the third quarter. Washington Trust Bank now owns 2,011 shares of the company’s stock valued at $130,000 after buying an additional 11 shares during the last quarter. Solaris Asset Management LLC acquired a new position in shares of Nu Skin Enterprises during the third quarter valued at $138,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Nu Skin Enterprises during the third quarter valued at $143,000. 76.44% of the stock is owned by hedge funds and other institutional investors.
About Nu Skin Enterprises
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care system and ageLOC Tru Face Essence Ultra anti-aging skin care serum.
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