Insider Selling: Nu Skin Enterprises, Inc. (NYSE:NUS) CFO Sells $1,066,675.20 in Stock

Posted by Defense World Staff on Mar 5th, 2023

Nu Skin Enterprises, Inc. (NYSE:NUS – Get Rating) CFO Mark H. Lawrence sold 26,144 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $40.80, for a total transaction of $1,066,675.20. Following the completion of the transaction, the chief financial officer now directly owns 57,146 shares of the company’s stock, valued at approximately $2,331,556.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nu Skin Enterprises Stock Performance

NYSE:NUS opened at $41.88 on Friday. The company has a market capitalization of $2.07 billion, a PE ratio of 20.23 and a beta of 1.19. The company has a 50 day simple moving average of $42.58 and a two-hundred day simple moving average of $40.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.15 and a current ratio of 2.12. Nu Skin Enterprises, Inc. has a fifty-two week low of $29.95 and a fifty-two week high of $51.79.

Nu Skin Enterprises (NYSE:NUS – Get Rating) last released its earnings results on Wednesday, February 15th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.36. The business had revenue of $522.34 million during the quarter, compared to the consensus estimate of $542.32 million. Nu Skin Enterprises had a net margin of 4.71% and a return on equity of 16.20%. The company’s revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. Research analysts anticipate that Nu Skin Enterprises, Inc. will post 2.57 earnings per share for the current year.

Nu Skin Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 8th. Shareholders of record on Monday, February 27th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, February 24th. This is an increase from Nu Skin Enterprises’s previous quarterly dividend of $0.39. Nu Skin Enterprises’s dividend payout ratio is currently 75.36%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NUS shares. TheStreet raised Nu Skin Enterprises from a “c” rating to a “b-” rating in a research note on Wednesday, February 15th. Citigroup upped their price objective on Nu Skin Enterprises from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday. DA Davidson lowered their price objective on Nu Skin Enterprises from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, February 16th. StockNews.com downgraded Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. Finally, Jefferies Financial Group downgraded Nu Skin Enterprises from a “buy” rating to a “hold” rating and lowered their price objective for the company from $43.00 to $39.00 in a research note on Monday, January 30th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, Nu Skin Enterprises currently has an average rating of “Hold” and a consensus target price of $39.33.

Institutional Trading of Nu Skin Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUS. Ronald Blue Trust Inc. grew its position in shares of Nu Skin Enterprises by 2,120.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 888 shares of the company’s stock worth $29,000 after buying an additional 848 shares during the period. Eagle Bay Advisors LLC grew its position in shares of Nu Skin Enterprises by 37.1% during the 2nd quarter. Eagle Bay Advisors LLC now owns 809 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the period. Royal Bank of Canada grew its position in shares of Nu Skin Enterprises by 118.2% during the 3rd quarter. Royal Bank of Canada now owns 1,150 shares of the company’s stock worth $38,000 after buying an additional 623 shares during the period. Quadrant Capital Group LLC grew its position in shares of Nu Skin Enterprises by 135.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,646 shares of the company’s stock worth $69,000 after buying an additional 948 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of Nu Skin Enterprises during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

About Nu Skin Enterprises

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Nu Skin Enterprises, Inc is a holding company, which engages in the development and distribution of personal care products and nutritional supplements. It operates through the following segments: Mainland China, Americas, South Korea, Southeast Asia/Pacific, EMEA, Japan, Hong Kong/Taiwan, Nu Skin Other, Manufacturing, Grow Tech, and Rhyz Other.