Nu Skin Enterprises Inc. (NUS) Sets New 12-Month High After Analyst Upgrade
Nu Skin Enterprises Inc. (NYSE:NUS) shares reached a new 52-week high during trading on Wednesday after Citigroup raised their price target on the stock from $66.00 to $69.00. Citigroup currently has a buy rating on the stock. Nu Skin Enterprises traded as high as $62.48 and last traded at $61.58, with a volume of 930,216 shares changing hands. The stock had previously closed at $58.88.
NUS has been the subject of several other research reports. Deutsche Bank AG reissued a “hold” rating and set a $55.00 price objective (up previously from $45.00) on shares of Nu Skin Enterprises in a report on Sunday, July 24th. TheStreet raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Stifel Nicolaus increased their price objective on shares of Nu Skin Enterprises from $34.00 to $45.00 and gave the company a “sell” rating in a report on Friday, August 5th. Pivotal Research increased their price objective on shares of Nu Skin Enterprises from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 16th. Finally, Zacks Investment Research upgraded shares of Nu Skin Enterprises from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Nu Skin Enterprises presently has an average rating of “Hold” and a consensus target price of $49.22.
Institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its position in shares of Nu Skin Enterprises by 3.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,349 shares of the company’s stock worth $109,000 after buying an additional 77 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Nu Skin Enterprises during the second quarter worth approximately $207,000. M&T Bank Corp bought a new position in shares of Nu Skin Enterprises during the second quarter worth approximately $209,000. CIBC World Markets Inc. bought a new position in shares of Nu Skin Enterprises during the second quarter worth approximately $211,000. Finally, Hsbc Holdings PLC bought a new position in shares of Nu Skin Enterprises during the second quarter worth approximately $214,000. Institutional investors and hedge funds own 77.08% of the company’s stock.
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The company has a 50-day moving average price of $58.18 and a 200 day moving average price of $45.83. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 35.38 and a beta of 1.75.
Nu Skin Enterprises (NYSE:NUS) last announced its earnings results on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $600.05 million for the quarter, compared to analyst estimates of $578.87 million. During the same quarter last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that Nu Skin Enterprises Inc. will post $2.88 earnings per share for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 2.41%. Nu Skin Enterprises’s payout ratio is presently 81.14%.
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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