Nu Skin Enterprises, Inc. (NYSE:NUS) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in Nu Skin Enterprises, Inc. (NYSE:NUS) by 111.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,323,542 shares of the company’s stock after buying an additional 698,722 shares during the period. Federated Hermes Inc. owned about 2.66% of Nu Skin Enterprises worth $13,950,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Nu Skin Enterprises by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock valued at $89,751,000 after buying an additional 274,309 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nu Skin Enterprises by 17.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,157,697 shares of the company’s stock valued at $22,482,000 after buying an additional 173,193 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 during the last quarter. ProShare Advisors LLC raised its position in shares of Nu Skin Enterprises by 36.5% in the first quarter. ProShare Advisors LLC now owns 597,614 shares of the company’s stock valued at $8,265,000 after buying an additional 159,831 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Nu Skin Enterprises by 21.0% in the second quarter. American Century Companies Inc. now owns 565,079 shares of the company’s stock valued at $5,956,000 after purchasing an additional 98,243 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

Wall Street Analyst Weigh In

NUS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. DA Davidson lowered their target price on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Citigroup lowered their target price on shares of Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.50.

Nu Skin Enterprises Price Performance

NUS opened at $7.30 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. Nu Skin Enterprises, Inc. has a 52-week low of $6.72 and a 52-week high of $24.16. The company has a 50 day moving average of $9.63 and a two-hundred day moving average of $11.56. The company has a market cap of $362.57 million, a P/E ratio of -121.67 and a beta of 1.13.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Nu Skin Enterprises had a negative net margin of 8.05% and a positive return on equity of 7.80%. The company had revenue of $439.10 million during the quarter, compared to the consensus estimate of $431.87 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Nu Skin Enterprises’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, analysts expect that Nu Skin Enterprises, Inc. will post 0.78 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 3.29%. Nu Skin Enterprises’s dividend payout ratio is currently -400.00%.

Nu Skin Enterprises 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.