Nu Skin Enterprises, Inc. (NUS) Shares Down 7.5% Following Insider Selling
Nu Skin Enterprises, Inc. (NYSE:NUS)’s share price traded down 7.5% during trading on Monday following insider selling activity. The company traded as low as $54.68 and last traded at $56.01, with a volume of 2,902,381 shares trading hands. The stock had previously closed at $60.52.
Specifically, President Ryan S. Napierski sold 8,000 shares of Nu Skin Enterprises stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $65.00, for a total transaction of $520,000.00. Following the transaction, the president now directly owns 68,170 shares of the company’s stock, valued at $4,431,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel D Matthew Dorny sold 7,500 shares of Nu Skin Enterprises stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $60.88, for a total transaction of $456,600.00. Following the transaction, the general counsel now directly owns 52,230 shares in the company, valued at $3,179,762.40. The disclosure for this sale can be found here. Insiders have sold 31,750 shares of company stock worth $1,946,810 over the last three months. Insiders own 5.20% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Nu Skin Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. BidaskClub downgraded shares of Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Bank of America Corporation lifted their price target on shares of Nu Skin Enterprises from $53.00 to $57.00 and gave the stock an “underperform” rating in a research note on Monday, July 10th. Pivotal Research reissued a “buy” rating and set a $80.00 price target (up from $65.00) on shares of Nu Skin Enterprises in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus set a $50.00 price target on shares of Nu Skin Enterprises and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.88.
The stock has a market cap of $2.84 billion, a P/E ratio of 17.96 and a beta of 1.31. The company has a 50-day moving average of $62.36 and a 200 day moving average of $56.55.
Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.69 by $0.08. The business had revenue of $550.10 million during the quarter, compared to analysts’ expectations of $548.09 million. Nu Skin Enterprises had a return on equity of 24.14% and a net margin of 7.53%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. On average, analysts anticipate that Nu Skin Enterprises, Inc. will post $3.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.44 annualized dividend and a dividend yield of 2.68%. Nu Skin Enterprises’s dividend payout ratio is currently 48.81%.
Several hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its stake in Nu Skin Enterprises by 38.5% in the first quarter. Creative Planning now owns 1,800 shares of the company’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. US Bancorp DE boosted its stake in Nu Skin Enterprises by 3.3% in the second quarter. US Bancorp DE now owns 2,032 shares of the company’s stock valued at $128,000 after buying an additional 65 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in Nu Skin Enterprises by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 2,349 shares of the company’s stock valued at $130,000 after buying an additional 1,104 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Nu Skin Enterprises by 1.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,375 shares of the company’s stock valued at $132,000 after buying an additional 40 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nu Skin Enterprises by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,506 shares of the company’s stock valued at $139,000 after buying an additional 468 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.
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Nu Skin Enterprises Company Profile
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 Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.
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