Nu Skin Enterprises Inc. (NYSE:NUS) has been assigned a $56.00 price objective by Bank of America Corp. in a research report issued on Sunday. The firm presently has a “sell” rating on the stock. Bank of America Corp.’s price target points to a potential upside of 3.84% from the stock’s previous close.
A number of other brokerages also recently commented on NUS. Jefferies Group upped their target price on Nu Skin Enterprises from $53.00 to $61.00 and gave the company a “hold” rating in a report on Thursday, September 22nd. Zacks Investment Research downgraded Nu Skin Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. TheStreet upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Citigroup Inc. upped their target price on Nu Skin Enterprises from $66.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, September 21st. Finally, Deutsche Bank AG increased their price objective on Nu Skin Enterprises from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.25.
Shares of Nu Skin Enterprises (NYSE:NUS) traded up 0.39% during midday trading on Friday, reaching $53.93. 283,417 shares of the company’s stock were exchanged. Nu Skin Enterprises has a 12 month low of $23.51 and a 12 month high of $66.04. The firm has a 50 day moving average price of $58.96 and a 200 day moving average price of $53.26. The company has a market cap of $2.94 billion, a P/E ratio of 21.82 and a beta of 1.75.
Nu Skin Enterprises (NYSE:NUS) last announced its earnings results on Thursday, November 3rd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. The company earned $604 million during the quarter, compared to the consensus estimate of $583.74 million. Nu Skin Enterprises had a return on equity of 20.06% and a net margin of 6.26%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. Equities research analysts forecast that Nu Skin Enterprises will post $2.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Friday, November 18th will be paid a $0.355 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.63%. Nu Skin Enterprises’s dividend payout ratio is currently 57.96%.
In related news, Chairman Steven Lund sold 61,000 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $61.55, for a total transaction of $3,754,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew D. Lipman sold 30,000 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $64.13, for a total value of $1,923,900.00. Following the sale, the director now directly owns 36,090 shares in the company, valued at $2,314,451.70. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in NUS. BlackRock Fund Advisors boosted its stake in Nu Skin Enterprises by 589.5% in the first quarter. BlackRock Fund Advisors now owns 3,824,996 shares of the company’s stock valued at $146,306,000 after buying an additional 3,270,255 shares during the period. First Trust Advisors LP boosted its stake in Nu Skin Enterprises by 517.4% in the fourth quarter. First Trust Advisors LP now owns 2,578,099 shares of the company’s stock valued at $97,684,000 after buying an additional 2,160,504 shares during the period. Schroder Investment Management Group boosted its stake in Nu Skin Enterprises by 140.1% in the fourth quarter. Schroder Investment Management Group now owns 1,303,594 shares of the company’s stock valued at $49,393,000 after buying an additional 760,755 shares during the period. Vulcan Value Partners LLC boosted its stake in Nu Skin Enterprises by 25.8% in the fourth quarter. Vulcan Value Partners LLC now owns 3,513,481 shares of the company’s stock valued at $133,126,000 after buying an additional 719,525 shares during the period. Finally, AJO LP boosted its stake in Nu Skin Enterprises by 47.7% in the second quarter. AJO LP now owns 1,953,104 shares of the company’s stock valued at $90,214,000 after buying an additional 631,121 shares during the period. 78.22% of the stock is currently owned by institutional investors.
Nu Skin Enterprises Company Profile