Texas Permanent School Fund raised its stake in Nu Skin Enterprises, Inc. (NYSE:NUS) by 28.2% during the second quarter, Holdings Channel reports. The institutional investor owned 36,264 shares of the company’s stock after buying an additional 7,987 shares during the period. Texas Permanent School Fund’s holdings in Nu Skin Enterprises were worth $2,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NUS. Teachers Advisors LLC increased its stake in Nu Skin Enterprises by 38.0% in the fourth quarter. Teachers Advisors LLC now owns 234,315 shares of the company’s stock valued at $11,196,000 after buying an additional 64,539 shares in the last quarter. Creative Planning increased its stake in Nu Skin Enterprises by 38.5% in the first quarter. Creative Planning now owns 1,800 shares of the company’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Nu Skin Enterprises during the first quarter valued at approximately $313,000. Capstone Asset Management Co. acquired a new stake in Nu Skin Enterprises during the first quarter valued at approximately $271,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Nu Skin Enterprises during the first quarter valued at approximately $694,000. 85.03% of the stock is owned by institutional investors.

Shares of Nu Skin Enterprises, Inc. (NUS) opened at 60.52 on Friday. The firm has a market capitalization of $3.20 billion, a PE ratio of 20.24 and a beta of 1.31. The stock has a 50 day moving average of $62.93 and a 200-day moving average of $56.37. Nu Skin Enterprises, Inc. has a 52 week low of $46.35 and a 52 week high of $66.04.

Nu Skin Enterprises (NYSE:NUS) last released its earnings results on Wednesday, August 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.08. Nu Skin Enterprises had a net margin of 7.53% and a return on equity of 24.14%. The business had revenue of $550.10 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same period last year, the business earned $0.79 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Nu Skin Enterprises, Inc. will post $3.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Friday, August 25th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.44 annualized dividend and a dividend yield of 2.38%. Nu Skin Enterprises’s dividend payout ratio is presently 48.81%.

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NUS has been the subject of several recent research reports. Zacks Investment Research raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Wednesday, April 26th. Sidoti downgraded shares of Nu Skin Enterprises from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a research report on Wednesday, April 26th. Pivotal Research reissued a “buy” rating and issued a $65.00 target price on shares of Nu Skin Enterprises in a research report on Thursday, May 4th. ValuEngine raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Deutsche Bank AG boosted their target price on shares of Nu Skin Enterprises from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.88.

In related news, General Counsel D Matthew Dorny sold 8,250 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $62.92, for a total value of $519,090.00. Following the completion of the transaction, the general counsel now directly owns 46,730 shares of the company’s stock, valued at $2,940,251.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Ryan S. Napierski sold 8,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $65.00, for a total transaction of $520,000.00. Following the completion of the transaction, the president now directly owns 68,170 shares of the company’s stock, valued at $4,431,050. The disclosure for this sale can be found here. Insiders sold 24,250 shares of company stock valued at $1,490,210 over the last three months. 5.20% of the stock is owned by company insiders.

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 Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.

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Institutional Ownership by Quarter for Nu Skin Enterprises (NYSE:NUS)

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