Nu Skin Enterprises, Inc. (NYSE:NUS) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its position in Nu Skin Enterprises, Inc. (NYSE:NUS) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,981 shares of the company’s stock after selling 5,914 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Nu Skin Enterprises worth $390,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Nu Skin Enterprises by 38.4% during the first quarter. CWM LLC now owns 3,286 shares of the company’s stock worth $45,000 after purchasing an additional 911 shares in the last quarter. Signaturefd LLC raised its holdings in Nu Skin Enterprises by 72.6% during the second quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock worth $40,000 after purchasing an additional 1,597 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Nu Skin Enterprises by 30.5% during the first 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 raised its holdings in Nu Skin Enterprises by 90.1% during the first 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, Lazard Asset Management LLC raised its holdings in Nu Skin Enterprises by 92.7% during the first quarter. Lazard Asset Management LLC now owns 4,587 shares of the company’s stock worth $63,000 after purchasing an additional 2,206 shares in the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.

Nu Skin Enterprises Stock Performance

Shares of Nu Skin Enterprises stock opened at $7.06 on Friday. The firm’s fifty day simple moving average is $9.39 and its 200-day simple moving average is $11.42. The stock has a market capitalization of $350.65 million, a price-to-earnings ratio of -117.67 and a beta of 1.13. Nu Skin Enterprises, Inc. has a 12 month low of $6.72 and a 12 month high of $24.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33.

Nu Skin Enterprises (NYSE:NUS) last announced its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $439.10 million for the quarter, compared to analysts’ expectations of $431.87 million. During the same period in the previous year, the company posted $0.54 EPS. The company’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, equities analysts forecast that Nu Skin Enterprises, Inc. will post 0.78 earnings per share for the current year.

Nu Skin Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 3.40%. Nu Skin Enterprises’s dividend payout ratio (DPR) is -400.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on NUS. StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. DA Davidson cut their price objective on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Citigroup cut their target price on shares of Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.50.

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.