Nu Skin Enterprises (NYSE:NUS) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Nu Skin Enterprises (NYSE:NUS) from a buy rating to a hold rating in a research note published on Monday morning.

A number of other equities research analysts also recently issued reports on the company. DA Davidson reduced their price target on Nu Skin Enterprises from $11.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Citigroup reduced their price target on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd.

Nu Skin Enterprises Price Performance

NYSE:NUS opened at $7.54 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $7.39. The firm has a market capitalization of $374.57 million, a price-to-earnings ratio of -3.64 and a beta of 1.17. Nu Skin Enterprises has a 12-month low of $5.95 and a 12-month high of $14.64.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.14. The firm had revenue of $445.55 million for the quarter, compared to analyst estimates of $441.10 million. Nu Skin Enterprises had a positive return on equity of 5.47% and a negative net margin of 5.81%. On average, analysts anticipate that Nu Skin Enterprises will post 0.68 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, February 24th. Nu Skin Enterprises’s dividend payout ratio is presently -8.14%.

Institutional Investors Weigh In On Nu Skin Enterprises

A number of large investors have recently modified their holdings of NUS. Creative Planning boosted its holdings in shares of Nu Skin Enterprises by 43.0% during the 3rd quarter. Creative Planning now owns 41,226 shares of the company’s stock valued at $304,000 after acquiring an additional 12,398 shares in the last quarter. Inspire Advisors LLC raised its position in Nu Skin Enterprises by 42.5% during the 3rd quarter. Inspire Advisors LLC now owns 20,414 shares of the company’s stock worth $150,000 after purchasing an additional 6,089 shares during the last quarter. Ballentine Partners LLC bought a new position in Nu Skin Enterprises during the 3rd quarter worth $133,000. Covestor Ltd raised its position in Nu Skin Enterprises by 110.9% during the 3rd quarter. Covestor Ltd now owns 10,140 shares of the company’s stock worth $75,000 after purchasing an additional 5,333 shares during the last quarter. Finally, Versor Investments LP bought a new position in Nu Skin Enterprises during the 3rd quarter worth $86,000. Institutional investors and hedge funds own 82.84% of the company’s stock.

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.