ProShare Advisors LLC Acquires 6,458 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

ProShare Advisors LLC raised its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 230,250 shares of the company’s stock after purchasing an additional 6,458 shares during the quarter. ProShare Advisors LLC owned 0.46% of Nu Skin Enterprises worth $9,051,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NUS. AlphaCrest Capital Management LLC bought a new position in shares of Nu Skin Enterprises during the 1st quarter worth about $336,000. MetLife Investment Management LLC increased its position in shares of Nu Skin Enterprises by 39.1% during the first quarter. MetLife Investment Management LLC now owns 58,476 shares of the company’s stock valued at $2,800,000 after purchasing an additional 16,431 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Nu Skin Enterprises during the first quarter valued at approximately $385,000. Rhumbline Advisers increased its position in shares of Nu Skin Enterprises by 0.6% during the first quarter. Rhumbline Advisers now owns 148,426 shares of the company’s stock valued at $7,107,000 after purchasing an additional 849 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Nu Skin Enterprises by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,260 shares of the company’s stock valued at $874,000 after purchasing an additional 1,741 shares during the period. Institutional investors own 73.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrew D. Lipman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $28.99, for a total value of $57,980.00. Following the completion of the transaction, the director now owns 58,625 shares in the company, valued at approximately $1,699,538.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nu Skin Enterprises news, Director Laura Nathanson sold 6,068 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $24.12, for a total transaction of $146,360.16. Following the completion of the sale, the director now directly owns 10,300 shares of the company’s stock, valued at approximately $248,436. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew D. Lipman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $28.99, for a total value of $57,980.00. Following the sale, the director now directly owns 58,625 shares of the company’s stock, valued at $1,699,538.75. The disclosure for this sale can be found here. Insiders sold 13,340 shares of company stock worth $348,503 in the last quarter. Insiders own 2.00% of the company’s stock.

Nu Skin Enterprises Stock Performance

NYSE:NUS opened at $24.01 on Friday. Nu Skin Enterprises, Inc. has a 1 year low of $22.63 and a 1 year high of $45.55. The firm has a 50 day moving average of $26.11 and a 200-day moving average of $33.35. The company has a current ratio of 1.78, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.20 billion, a P/E ratio of 17.03 and a beta of 1.19.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Nu Skin Enterprises had a return on equity of 12.88% and a net margin of 3.43%. The business had revenue of $500.26 million during the quarter, compared to analysts’ expectations of $512.35 million. As a group, sell-side analysts anticipate that Nu Skin Enterprises, Inc. will post 2.47 EPS for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 25th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.50%. Nu Skin Enterprises’s dividend payout ratio is 110.64%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. DA Davidson lowered their target price on shares of Nu Skin Enterprises from $38.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Stifel Nicolaus lowered their target price on shares of Nu Skin Enterprises from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Finally, StockNews.com started coverage on Nu Skin Enterprises in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.00.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, develops and distributes various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO, ageLOC Body Spa; and nutricentials skin care products.