Nu Skin Enterprises Inc. (NUS) Price Target Raised to $61.00
Nu Skin Enterprises Inc. (NYSE:NUS) had its target price upped by equities research analysts at Jefferies Group from $53.00 to $61.00 in a research report issued on Thursday, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential downside of 2.06% from the stock’s current price.
NUS has been the subject of several other reports. Stifel Nicolaus increased their price objective on Nu Skin Enterprises from $34.00 to $45.00 and gave the stock a “sell” rating in a report on Friday, August 5th. Citigroup Inc. increased their price objective on Nu Skin Enterprises from $52.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Zacks Investment Research raised Nu Skin Enterprises from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Tuesday, June 21st. Pivotal Research increased their price objective on Nu Skin Enterprises from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 16th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $55.00 price objective (up from $45.00) on shares of Nu Skin Enterprises in a report on Sunday, July 24th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus target price of $50.72.
Shares of Nu Skin Enterprises (NYSE:NUS) traded up 2.46% during trading on Thursday, reaching $63.81. The company had a trading volume of 168,750 shares. Nu Skin Enterprises has a 12 month low of $23.51 and a 12 month high of $63.82. The stock has a market capitalization of $3.57 billion, a PE ratio of 36.61 and a beta of 1.75. The stock’s 50-day moving average price is $58.46 and its 200-day moving average price is $45.95.
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Nu Skin Enterprises (NYSE:NUS) last posted its earnings results on Thursday, August 4th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company earned $600.05 million during the quarter, compared to analyst estimates of $578.87 million. Nu Skin Enterprises had a return on equity of 18.46% and a net margin of 4.52%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Equities analysts forecast that Nu Skin Enterprises will post $2.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders 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 dividend yield of 2.28%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently 81.14%.
Several large investors have recently made changes to their positions in the stock. Nisa Investment Advisors L.L.C. bought a new stake in shares of Nu Skin Enterprises during the first quarter worth approximately $555,000. TIAA CREF Investment Management LLC increased its stake in shares of Nu Skin Enterprises by 50.7% in the first quarter. TIAA CREF Investment Management LLC now owns 507,622 shares of the company’s stock worth $19,417,000 after buying an additional 170,816 shares during the period. Teachers Advisors Inc. increased its stake in shares of Nu Skin Enterprises by 3.8% in the first quarter. Teachers Advisors Inc. now owns 58,288 shares of the company’s stock worth $2,230,000 after buying an additional 2,125 shares during the period. BlackRock Inc. increased its stake in shares of Nu Skin Enterprises by 617.1% in the first quarter. BlackRock Inc. now owns 20,558 shares of the company’s stock worth $786,000 after buying an additional 17,691 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of Nu Skin Enterprises by 208.4% in the first quarter. BlackRock Group LTD now owns 115,739 shares of the company’s stock worth $4,427,000 after buying an additional 78,210 shares during the period. 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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