Nu Skin Enterprises (NYSE:NUS) Cut to Hold at StockNews.com

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

A number of other brokerages have also weighed in on NUS. Citigroup decreased their target price on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. DA Davidson decreased their price objective on Nu Skin Enterprises from $11.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, December 20th.

Nu Skin Enterprises Trading Up 7.9 %

NYSE NUS opened at $7.84 on Monday. The stock has a market cap of $389.88 million, a PE ratio of -2.66 and a beta of 1.17. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $14.04. The company’s 50-day moving average price is $6.88 and its 200-day moving average price is $7.37. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56.

Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Thursday, February 13th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. The business had revenue of $445.55 million for the quarter, compared to the consensus estimate of $441.10 million. Equities research analysts forecast that Nu Skin Enterprises will post 1.06 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Monday, February 24th. Nu Skin Enterprises’s dividend payout ratio (DPR) is -8.14%.

Institutional Investors Weigh In On Nu Skin Enterprises

Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in Nu Skin Enterprises in the fourth quarter valued at about $25,000. US Bancorp DE boosted its holdings in shares of Nu Skin Enterprises by 424.2% in the 4th quarter. US Bancorp DE now owns 7,460 shares of the company’s stock valued at $51,000 after buying an additional 6,037 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Nu Skin Enterprises by 28.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,976 shares of the company’s stock worth $55,000 after buying an additional 1,768 shares during the last quarter. Signaturefd LLC raised its stake in shares of Nu Skin Enterprises by 536.8% during the 4th quarter. Signaturefd LLC now owns 8,087 shares of the company’s stock worth $56,000 after acquiring an additional 6,817 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Nu Skin Enterprises by 2,412.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,215 shares of the company’s stock valued at $57,000 after acquiring an additional 7,888 shares during the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.

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.