Nu Skin Enterprises (NYSE:NUS) Shares Down 5.6%

Nu Skin Enterprises, Inc. (NYSE:NUS) fell 5.6% during mid-day trading on Tuesday . The stock traded as low as $10.86 and last traded at $10.86. 518,984 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 758,981 shares. The stock had previously closed at $11.51.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their target price on shares of Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Nu Skin Enterprises has a consensus rating of “Hold” and a consensus target price of $20.83.

Nu Skin Enterprises Trading Down 5.6 %

The company’s 50-day moving average price is $12.85 and its 200-day moving average price is $14.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.09 and a quick ratio of 1.24.

Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $417.31 million for the quarter, compared to analyst estimates of $426.55 million. Nu Skin Enterprises had a negative net margin of 0.17% and a positive return on equity of 9.28%. Nu Skin Enterprises’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. Research analysts predict that Nu Skin Enterprises, Inc. will post 1.1 earnings per share for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.24 dividend on an annualized basis and a yield of 2.21%. Nu Skin Enterprises’s payout ratio is presently -399.93%.

Insider Buying and Selling

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $13.33, for a total value of $26,660.00. Following the transaction, the director now directly owns 23,225 shares in the company, valued at approximately $309,589.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 5,693 shares of company stock worth $71,690. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Nu Skin Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Nu Skin Enterprises by 91.8% in the 3rd quarter. Invesco Ltd. now owns 1,694,112 shares of the company’s stock valued at $35,932,000 after acquiring an additional 810,778 shares during the period. Norges Bank purchased a new stake in shares of Nu Skin Enterprises in the 4th quarter valued at approximately $8,930,000. Federated Hermes Inc. raised its stake in shares of Nu Skin Enterprises by 29,649.3% in the 4th quarter. Federated Hermes Inc. now owns 330,812 shares of the company’s stock valued at $6,424,000 after acquiring an additional 329,700 shares during the period. Vanguard Group Inc. raised its stake in shares of Nu Skin Enterprises by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock valued at $89,751,000 after acquiring an additional 274,309 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Nu Skin Enterprises by 178.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 283,355 shares of the company’s stock valued at $3,919,000 after acquiring an additional 181,528 shares during the period. 82.84% of the stock is currently owned by institutional investors and hedge funds.

About Nu Skin Enterprises

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.