Nu Skin Enterprises Inc. (NUS) Shares Up 3.1%
Nu Skin Enterprises Inc. (NYSE:NUS)’s share price shot up 3.1% during mid-day trading on Wednesday . The stock traded as high as $46.76 and last traded at $46.57, with a volume of 534,167 shares traded. The stock had previously closed at $45.17.
Several brokerages recently issued reports on NUS. Citigroup Inc. raised their price objective on Nu Skin Enterprises from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 1st. Zacks Investment Research upgraded Nu Skin Enterprises from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, June 21st. Jefferies Group restated a “hold” rating and set a $41.00 price objective on shares of Nu Skin Enterprises in a research note on Friday, June 17th. Pivotal Research raised their price objective on Nu Skin Enterprises from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, June 16th. Finally, Stifel Nicolaus raised their target price on Nu Skin Enterprises from $30.00 to $34.00 and gave the company a “sell” rating in a research note on Friday, April 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.72.
The company’s 50-day moving average price is $42.28 and its 200 day moving average price is $37.06. The firm has a market cap of $2.61 billion and a P/E ratio of 27.02.
Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. During the same period in the prior year, the firm posted $0.60 EPS. The business earned $471.80 million during the quarter, compared to analyst estimates of $465.08 million. Nu Skin Enterprises’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts predict that Nu Skin Enterprises Inc. will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Friday, May 27th were given a dividend of $0.355 per share. The ex-dividend date was Wednesday, May 25th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.05%.
Several large investors have recently added to or reduced their stakes in NUS. Boston Partners increased its stake in Nu Skin Enterprises by 4.7% in the fourth quarter. Boston Partners now owns 482,826 shares of the company’s stock worth $18,294,000 after buying an additional 21,613 shares during the last quarter. Principal Financial Group Inc. increased its stake in Nu Skin Enterprises by 41.7% in the fourth quarter. Principal Financial Group Inc. now owns 58,739 shares of the company’s stock worth $2,226,000 after buying an additional 17,300 shares during the last quarter. Schroder Investment Management Group increased its stake in Nu Skin Enterprises by 140.1% in the fourth quarter. Schroder Investment Management Group now owns 1,303,594 shares of the company’s stock worth $49,393,000 after buying an additional 760,755 shares during the last quarter. Bank of Montreal Can increased its stake in Nu Skin Enterprises by 826.4% in the fourth quarter. Bank of Montreal Can now owns 106,790 shares of the company’s stock worth $4,047,000 after buying an additional 95,263 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in Nu Skin Enterprises by 427.7% in the fourth quarter. Engineers Gate Manager LP now owns 41,159 shares of the company’s stock worth $1,560,000 after buying an additional 33,359 shares during the last quarter.
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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