StockNews.com Downgrades Nu Skin Enterprises (NYSE:NUS) to Hold

StockNews.com downgraded shares of Nu Skin Enterprises (NYSE:NUS) from a buy rating to a hold rating in a report released on Wednesday.

A number of other brokerages also recently issued reports on NUS. Citigroup cut their price target on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a report on Tuesday. DA Davidson reduced their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, August 12th.

Nu Skin Enterprises Trading Down 1.8 %

NYSE NUS opened at $6.17 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $306.40 million, a P/E ratio of -2.07 and a beta of 1.12. Nu Skin Enterprises has a 52-week low of $5.95 and a 52-week high of $20.75. The firm has a 50-day moving average price of $7.48 and a 200 day moving average price of $10.31.

Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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 business had revenue of $439.10 million during the quarter, compared to the consensus estimate of $431.87 million. During the same period in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Equities research analysts expect 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. Shareholders of record on Friday, August 30th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 3.89%. Nu Skin Enterprises’s dividend payout ratio (DPR) is currently -8.05%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its stake in Nu Skin Enterprises by 72.6% in the 2nd quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock valued at $40,000 after buying an additional 1,597 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Nu Skin Enterprises during the second quarter valued at $47,000. Public Employees Retirement System of Ohio increased its position in Nu Skin Enterprises by 30.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock worth $54,000 after purchasing an additional 918 shares in the last quarter. Covestor Ltd increased its position in Nu Skin Enterprises by 90.1% during the 1st quarter. Covestor Ltd now owns 4,353 shares of the company’s stock worth $60,000 after purchasing an additional 2,063 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Nu Skin Enterprises by 167.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,734 shares of the company’s stock valued at $60,000 after purchasing an additional 3,590 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

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.