Nu Skin Enterprises, Inc. (NUS) Holdings Trimmed by Profund Advisors LLC
Profund Advisors LLC cut its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 15.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,821 shares of the company’s stock after selling 1,095 shares during the period. Profund Advisors LLC’s holdings in Nu Skin Enterprises were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its holdings in Nu Skin Enterprises by 3.3% during the second quarter. US Bancorp DE now owns 2,032 shares of the company’s stock worth $128,000 after acquiring an additional 65 shares in the last quarter. Independent Portfolio Consultants Inc. lifted its holdings in Nu Skin Enterprises by 14.9% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,730 shares of the company’s stock worth $172,000 after acquiring an additional 355 shares in the last quarter. CENTRAL TRUST Co bought a new position in Nu Skin Enterprises during the second quarter worth about $187,000. Pillar Pacific Capital Management LLC bought a new position in Nu Skin Enterprises during the second quarter worth about $202,000. Finally, Ronald Blue & Co. LLC bought a new position in Nu Skin Enterprises during the second quarter worth about $207,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.
In other news, President Ryan S. Napierski sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $65.00, for a total value of $520,000.00. Following the completion of the sale, the president now directly owns 68,170 shares in the company, valued at approximately $4,431,050. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel D Matthew Dorny sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $60.88, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,107 shares of company stock valued at $1,264,445. 5.20% of the stock is currently owned by company insiders.
Shares of Nu Skin Enterprises, Inc. (NYSE NUS) opened at 61.91 on Friday. Nu Skin Enterprises, Inc. has a one year low of $46.35 and a one year high of $65.98. The stock has a 50 day moving average price of $60.70 and a 200-day moving average price of $58.89. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 20.71 and a beta of 1.40.
Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Wednesday, August 2nd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.08. The company had revenue of $550.10 million during the quarter, compared to the consensus estimate of $548.09 million. Nu Skin Enterprises had a return on equity of 24.14% and a net margin of 7.53%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. On average, equities research analysts expect that Nu Skin Enterprises, Inc. will post $3.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th were paid a $0.36 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. Nu Skin Enterprises’s dividend payout ratio is presently 48.81%.
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Several research firms have weighed in on NUS. BidaskClub lowered Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday, July 12th. Bank of America Corporation lifted their target price on Nu Skin Enterprises from $53.00 to $57.00 and gave the stock an “underperform” rating in a report on Monday, July 10th. Pivotal Research reiterated a “buy” rating and set a $80.00 target price (up from $65.00) on shares of Nu Skin Enterprises in a report on Thursday, June 22nd. Finally, Stifel Nicolaus set a $50.00 target price on Nu Skin Enterprises and gave the stock a “sell” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $62.00.
Nu Skin Enterprises 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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