Nu Skin Enterprises Inc. (NUS) Price Target Raised to $69.00
Nu Skin Enterprises Inc. (NYSE:NUS) had its price target hoisted by stock analysts at Citigroup Inc. from $66.00 to $69.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 17.19% from the company’s previous close.
A number of other research analysts have also recently issued reports on NUS. Jefferies Group started coverage on shares of Nu Skin Enterprises in a research report on Friday, June 3rd. They set a “hold” rating and a $41.00 price target for the company. Pivotal Research lifted their price target on shares of Nu Skin Enterprises from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, June 16th. Zacks Investment Research raised shares of Nu Skin Enterprises from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $55.00 target price (up from $45.00) on shares of Nu Skin Enterprises in a report on Sunday, July 24th. Finally, Stifel Nicolaus lifted their target price on shares of Nu Skin Enterprises from $34.00 to $45.00 and gave the stock a “sell” rating in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.22.
Nu Skin Enterprises (NYSE:NUS) opened at 58.88 on Wednesday. The company has a 50-day moving average of $58.18 and a 200 day moving average of $45.83. Nu Skin Enterprises has a 12-month low of $23.51 and a 12-month high of $60.87. The company has a market capitalization of $3.29 billion, a P/E ratio of 33.78 and a beta of 1.75.
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Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Nu Skin Enterprises had a net margin of 4.52% and a return on equity of 18.46%. The company earned $600.05 million during the quarter, compared to analysts’ expectations of $578.87 million. During the same period last year, the company posted $0.75 EPS. Nu Skin Enterprises’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Nu Skin Enterprises will post $2.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Friday, August 26th were given a dividend of $0.355 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.42 annualized dividend and a yield of 2.41%. Nu Skin Enterprises’s dividend payout ratio (DPR) is 81.14%.
Hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of 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 raised its position in shares of 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 worth $97,684,000 after buying an additional 2,160,504 shares in the last quarter. Schroder Investment Management Group raised its position in shares of 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 worth $49,393,000 after buying an additional 760,755 shares in the last quarter. Vulcan Value Partners LLC raised its position in shares of 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 worth $133,126,000 after buying an additional 719,525 shares in the last quarter. Finally, AJO LP raised its position in shares of Nu Skin Enterprises by 47.7% in the second quarter. AJO LP now owns 1,953,104 shares of the company’s stock worth $90,214,000 after buying an additional 631,121 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.
About Nu Skin Enterprises
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care system and ageLOC Tru Face Essence Ultra anti-aging skin care serum.
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