Nu Skin Enterprises (NYSE:NUS) Sets New 52-Week Low at $11.99

Nu Skin Enterprises, Inc. (NYSE:NUS)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $11.99 and last traded at $12.05, with a volume of 121612 shares trading hands. The stock had previously closed at $12.25.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NUS shares. DA Davidson dropped their price objective on Nu Skin Enterprises from $29.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 5th. StockNews.com downgraded Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.67.

Nu Skin Enterprises Trading Down 1.6 %

The business has a 50 day moving average of $13.63 and a two-hundred day moving average of $16.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 2.13. The firm has a market capitalization of $595.52 million, a price-to-earnings ratio of 66.94 and a beta of 1.11.

Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Nu Skin Enterprises had a return on equity of 10.73% and a net margin of 0.44%. The business had revenue of $488.64 million for the quarter, compared to the consensus estimate of $479.35 million. Equities analysts predict that Nu Skin Enterprises, Inc. will post 1.13 EPS for the current year.

Nu Skin Enterprises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, February 23rd. Nu Skin Enterprises’s dividend payout ratio is currently 133.33%.

Insiders Place Their Bets

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $18.55, for a total transaction of $37,100.00. Following the completion of the sale, the director now directly owns 31,225 shares of the company’s stock, valued at approximately $579,223.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 6,000 shares of company stock valued at $86,660. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Nu Skin Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NUS. State Street Corp grew its holdings in shares of Nu Skin Enterprises by 39.4% in the first quarter. State Street Corp now owns 10,296,735 shares of the company’s stock valued at $404,765,000 after acquiring an additional 2,912,086 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Nu Skin Enterprises by 0.9% in the third quarter. Vanguard Group Inc. now owns 6,235,495 shares of the company’s stock valued at $132,255,000 after acquiring an additional 53,638 shares in the last quarter. BlackRock Inc. grew its holdings in shares of 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 acquiring an additional 30,340 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Nu Skin Enterprises by 2.2% in the first quarter. Renaissance Technologies LLC now owns 2,670,996 shares of the company’s stock valued at $127,887,000 after acquiring an additional 58,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Nu Skin Enterprises by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,095,009 shares of the company’s stock valued at $82,355,000 after acquiring an additional 78,602 shares in the last quarter. 82.84% of the stock is owned by institutional investors.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.