Shares of Nu Skin Enterprises Inc. (NYSE:NUS) saw unusually-high trading volume on Thursday after Jefferies Group raised their price target on the stock from $53.00 to $61.00. Jefferies Group currently has a hold rating on the stock. Approximately 920,080 shares traded hands during trading, an increase of 39% from the previous session’s volume of 662,452 shares.The stock last traded at $64.24 and had previously closed at $62.28.
Several other equities analysts have also recently commented on NUS. Pivotal Research upped their price target on Nu Skin Enterprises from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 16th. Zacks Investment Research raised Nu Skin Enterprises from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Tuesday, June 21st. Citigroup Inc. upped their price target on Nu Skin Enterprises from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $55.00 price target (up previously from $45.00) on shares of Nu Skin Enterprises in a report on Sunday, July 24th. Finally, Stifel Nicolaus upped their price target on Nu Skin Enterprises from $34.00 to $45.00 and gave the company a “sell” rating in a report on Friday, August 5th. 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 assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.72.
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 transaction of $1,923,900.00. Following the sale, the director now directly owns 36,090 shares in the company, valued at approximately $2,314,451.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NUS. Metropolitan Life Insurance Co. NY raised its stake in 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 worth $109,000 after buying an additional 77 shares during the period. Parametrica Management Ltd acquired a new stake in Nu Skin Enterprises during the second quarter worth approximately $207,000. M&T Bank Corp acquired a new stake in Nu Skin Enterprises during the second quarter worth approximately $209,000. CIBC World Markets Inc. acquired a new stake in Nu Skin Enterprises during the second quarter worth approximately $211,000. Finally, Hsbc Holdings PLC acquired a new stake in Nu Skin Enterprises during the second quarter worth approximately $214,000. Institutional investors and hedge funds own 77.08% of the company’s stock.
The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 36.21 and a beta of 1.75. The company has a 50 day moving average price of $59.04 and a 200-day moving average price of $46.28.
Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. Nu Skin Enterprises had a return on equity of 18.46% and a net margin of 4.52%. The company earned $600.05 million during the quarter, compared to analysts’ expectations of $578.87 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Nu Skin Enterprises Inc. will post $2.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Friday, August 26th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, August 24th. Nu Skin Enterprises’s dividend payout ratio is presently 81.14%.
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 Spa systems, ageLOC Transformation anti-aging skin care system and ageLOC Tru Face Essence Ultra anti-aging skin care serum.
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