DA Davidson Lowers Nu Skin Enterprises (NYSE:NUS) Price Target to $34.00

Nu Skin Enterprises (NYSE:NUSGet Rating) had its price objective lowered by equities researchers at DA Davidson from $40.00 to $34.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price objective points to a potential downside of 11.78% from the company’s previous close. DA Davidson also issued estimates for Nu Skin Enterprises’ Q4 2022 earnings at $0.50 EPS.

A number of other research analysts have also weighed in on the company. Citigroup reduced their target price on Nu Skin Enterprises from $39.00 to $35.00 in a report on Friday, November 4th. TheStreet lowered Nu Skin Enterprises from a “b” rating to a “c” rating in a report on Thursday, August 4th. Finally, StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, November 4th.

Nu Skin Enterprises Stock Down 1.1 %

NUS stock opened at $38.54 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.90 billion, a PE ratio of 52.08 and a beta of 1.22. Nu Skin Enterprises has a twelve month low of $29.95 and a twelve month high of $56.76. The stock has a 50-day simple moving average of $36.65 and a two-hundred day simple moving average of $41.32.

Insider Transactions at Nu Skin Enterprises

In other news, CAO James D. Thomas sold 1,602 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $39.19, for a total transaction of $62,782.38. Following the completion of the transaction, the chief accounting officer now owns 12,722 shares of the company’s stock, valued at $498,575.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nu Skin Enterprises news, CAO James D. Thomas sold 1,602 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $39.19, for a total value of $62,782.38. Following the completion of the sale, the chief accounting officer now owns 12,722 shares of the company’s stock, valued at $498,575.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew D. Lipman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $36.67, for a total value of $36,670.00. Following the completion of the sale, the director now directly owns 69,393 shares of the company’s stock, valued at approximately $2,544,641.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,602 shares of company stock valued at $173,532. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Nu Skin Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Nu Skin Enterprises by 3.3% in the third quarter. State Street Corp now owns 9,466,774 shares of the company’s stock worth $315,906,000 after buying an additional 305,539 shares in the last quarter. BlackRock Inc. lifted its position in Nu Skin Enterprises by 0.5% in the first quarter. BlackRock Inc. now owns 5,791,181 shares of the company’s stock valued at $277,281,000 after purchasing an additional 30,340 shares during the last quarter. Renaissance Technologies LLC lifted its position in Nu Skin Enterprises by 5.6% in the second quarter. Renaissance Technologies LLC now owns 2,819,396 shares of the company’s stock valued at $122,080,000 after purchasing an additional 148,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Nu Skin Enterprises by 8.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,915,864 shares of the company’s stock valued at $63,935,000 after purchasing an additional 147,865 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Nu Skin Enterprises by 19.9% in the second quarter. AQR Capital Management LLC now owns 849,131 shares of the company’s stock valued at $36,521,000 after purchasing an additional 140,932 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Nu Skin Enterprises Company Profile

(Get Rating)

Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products.

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