Nu Skin Enterprises, Inc. (NUS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Nu Skin Enterprises, Inc. (NYSE:NUS) have received an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $60.67.
Several equities analysts have recently weighed in on NUS shares. Zacks Investment Research downgraded Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub downgraded Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Bank of America Corporation raised their target price on Nu Skin Enterprises from $53.00 to $57.00 and gave the company an “underperform” rating in a research report on Monday, July 10th. TheStreet upgraded Nu Skin Enterprises from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus set a $50.00 price target on Nu Skin Enterprises and gave the company a “sell” rating in a report on Thursday, August 3rd.
In other Nu Skin Enterprises news, General Counsel D Matthew Dorny sold 7,500 shares of the firm’s stock in a transaction 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 completion of the sale, the general counsel now owns 52,230 shares of the company’s stock, valued at $3,179,762.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Ryan S. Napierski sold 6,933 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $64.00, for a total value of $443,712.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,040 shares of company stock valued at $1,188,157. Insiders own 5.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Nu Skin Enterprises by 1.8% during the second quarter. BlackRock Inc. now owns 6,805,093 shares of the company’s stock worth $427,632,000 after acquiring an additional 121,562 shares during the last quarter. Vanguard Group Inc. increased its stake in Nu Skin Enterprises by 0.8% during the second quarter. Vanguard Group Inc. now owns 6,060,437 shares of the company’s stock worth $380,838,000 after acquiring an additional 48,805 shares during the last quarter. State Street Corp increased its stake in Nu Skin Enterprises by 76.7% during the first quarter. State Street Corp now owns 1,416,873 shares of the company’s stock worth $78,695,000 after acquiring an additional 614,817 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Nu Skin Enterprises by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,067,875 shares of the company’s stock worth $67,106,000 after acquiring an additional 64,767 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Nu Skin Enterprises by 22.1% during the second quarter. Bank of New York Mellon Corp now owns 885,257 shares of the company’s stock worth $55,628,000 after acquiring an additional 160,495 shares during the last quarter. 79.74% of the stock is owned by institutional investors.
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Nu Skin Enterprises (NYSE:NUS) last released its earnings results on Wednesday, November 1st. The company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $563.70 million for the quarter, compared to the consensus estimate of $562.70 million. Nu Skin Enterprises had a return on equity of 24.14% and a net margin of 7.53%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be issued a $0.36 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. Nu Skin Enterprises’s dividend payout ratio is presently 48.81%.
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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