Nu Skin Enterprises Inc. (NYSE:NUS) had its target price raised by Jefferies Group from $53.00 to $61.00 in a research report report published on Thursday. Jefferies Group currently has a hold rating on the stock.
Other equities research analysts also recently issued reports about the company. Pivotal Research lifted their price objective on Nu Skin Enterprises from $60.00 to $70.00 and gave the stock a buy rating in a report on Friday, August 5th. Deutsche Bank AG lifted their price objective on Nu Skin Enterprises from $55.00 to $57.00 and gave the stock a buy rating in a report on Friday, August 5th. Zacks Investment Research upgraded Nu Skin Enterprises from a hold rating to a strong-buy rating and set a $52.00 price objective for the company in a report on Tuesday, June 21st. Stifel Nicolaus lifted their price objective on Nu Skin Enterprises from $34.00 to $45.00 and gave the stock a sell rating in a report on Friday, August 5th. Finally, Citigroup Inc. lifted their price objective on Nu Skin Enterprises from $45.00 to $52.00 and gave the stock a buy rating in a report on Friday, July 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Nu Skin Enterprises has an average rating of Hold and a consensus price target of $50.72.
Nu Skin Enterprises (NYSE:NUS) opened at 63.08 on Thursday. The company has a market cap of $3.53 billion, a PE ratio of 36.19 and a beta of 1.75. The firm has a 50-day moving average of $59.14 and a 200-day moving average of $46.68. Nu Skin Enterprises has a one year low of $23.51 and a one year high of $64.48.
Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The firm earned $600.05 million during the quarter, compared to analyst estimates of $578.87 million. Nu Skin Enterprises had a return on equity of 18.46% and a net margin of 4.52%. Nu Skin Enterprises’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, analysts predict that Nu Skin Enterprises will post $2.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Friday, August 26th were paid a dividend of $0.355 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.25%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently 81.14%.
In related news, Director Andrew D. Lipman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $64.13, for a total transaction of $1,923,900.00. Following the completion of the transaction, the director now directly owns 36,090 shares in the company, valued at approximately $2,314,451.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors L.L.C. bought a new position in shares of Nu Skin Enterprises during the first quarter worth about $555,000. TIAA CREF Investment Management LLC boosted its position in Nu Skin Enterprises by 50.7% in the first quarter. TIAA CREF Investment Management LLC now owns 507,622 shares of the company’s stock worth $19,417,000 after buying an additional 170,816 shares in the last quarter. Teachers Advisors Inc. boosted its position in Nu Skin Enterprises by 3.8% in the first quarter. Teachers Advisors Inc. now owns 58,288 shares of the company’s stock worth $2,230,000 after buying an additional 2,125 shares in the last quarter. BlackRock Inc. boosted its position in Nu Skin Enterprises by 617.1% in the first quarter. BlackRock Inc. now owns 20,558 shares of the company’s stock worth $786,000 after buying an additional 17,691 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Nu Skin Enterprises by 208.4% in the first quarter. BlackRock Group LTD now owns 115,739 shares of the company’s stock worth $4,427,000 after buying an additional 78,210 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.
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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