Nu Skin Enterprises (NYSE:NUS) Downgraded by StockNews.com to “Hold”

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

A number of other brokerages also recently commented on NUS. DA Davidson lowered their target price on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Citigroup cut their price target on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research note on Tuesday.

Nu Skin Enterprises Stock Up 3.6 %

Shares of NYSE NUS opened at $6.31 on Wednesday. The stock has a 50 day moving average price of $7.63 and a 200 day moving average price of $10.39. The firm has a market capitalization of $313.40 million, a price-to-earnings ratio of -105.17 and a beta of 1.12. Nu Skin Enterprises has a 52-week low of $5.95 and a 52-week high of $20.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.12.

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

Nu Skin Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Friday, August 30th. Nu Skin Enterprises’s payout ratio is presently -400.00%.

Institutional Investors Weigh In On Nu Skin Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Nu Skin Enterprises by 4.4% during the first quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock worth $89,751,000 after buying an additional 274,309 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Nu Skin Enterprises in the 2nd quarter worth $25,230,000. Federated Hermes Inc. raised its position in Nu Skin Enterprises by 111.8% during the second quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock worth $13,950,000 after acquiring an additional 698,722 shares during the period. Bank of New York Mellon Corp grew 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 purchasing an additional 43,935 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Nu Skin Enterprises by 36.5% during the first quarter. ProShare Advisors LLC now owns 597,614 shares of the company’s stock worth $8,265,000 after purchasing an additional 159,831 shares in the last quarter. 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.