Nu Skin Enterprises (NYSE:NUS) Rating Increased to Buy at StockNews.com

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

Other equities research analysts have also recently issued research reports about the company. Citigroup reduced their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. DA Davidson lowered 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 research report on Monday, August 12th.

Nu Skin Enterprises Stock Performance

Shares of Nu Skin Enterprises stock opened at $7.22 on Monday. The stock has a market capitalization of $358.85 million, a price-to-earnings ratio of -3.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33. The business has a 50-day moving average of $6.85 and a 200 day moving average of $9.85. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $20.75.

Nu Skin Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, November 29th. Nu Skin Enterprises’s payout ratio is currently -11.59%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new position in Nu Skin Enterprises in the second quarter valued at about $25,230,000. Federated Hermes Inc. raised its holdings in shares of Nu Skin Enterprises by 111.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock valued at $13,950,000 after buying an additional 698,722 shares during the period. Vanguard Group Inc. lifted its position in Nu Skin Enterprises by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock worth $89,751,000 after acquiring an additional 274,309 shares in the last quarter. Millennium Management LLC lifted its position in Nu Skin Enterprises by 100.5% during the 2nd quarter. Millennium Management LLC now owns 534,579 shares of the company’s stock worth $5,634,000 after acquiring an additional 267,965 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Nu Skin Enterprises by 178.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 283,355 shares of the company’s stock worth $3,919,000 after acquiring an additional 181,528 shares during the period. Hedge funds and other institutional investors 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.