Nu Skin Enterprises (NYSE:NUS) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Nu Skin Enterprises (NYSE:NUS) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other research analysts also recently issued reports about the stock. DA Davidson lowered their price objective on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Citigroup dropped their price target on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd.

Nu Skin Enterprises Price Performance

Shares of NUS opened at $6.16 on Wednesday. The firm has a fifty day moving average price of $7.48 and a 200 day moving average price of $10.29. The stock has a market cap of $305.95 million, a PE ratio of -102.67 and a beta of 1.12. Nu Skin Enterprises has a 1-year low of $5.95 and a 1-year high of $20.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33.

Nu Skin Enterprises (NYSE:NUS) last announced its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The firm had revenue of $439.10 million during the quarter, compared to analysts’ expectations of $431.87 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was down 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Nu Skin Enterprises will post 0.78 EPS for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio (DPR) is -400.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Nu Skin Enterprises by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock worth $89,751,000 after purchasing an additional 274,309 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Nu Skin Enterprises during the second quarter worth about $25,230,000. Federated Hermes Inc. grew its position in Nu Skin Enterprises by 111.8% during the second quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock worth $13,950,000 after buying an additional 698,722 shares during the period. Bank of New York Mellon Corp increased its holdings in Nu Skin Enterprises by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 901,098 shares of the company’s stock valued at $9,498,000 after buying an additional 43,935 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Nu Skin Enterprises by 36.5% during the 1st quarter. ProShare Advisors LLC now owns 597,614 shares of the company’s stock valued at $8,265,000 after acquiring an additional 159,831 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.