Federated Hermes Inc. Increases Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Federated Hermes Inc. lifted its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 29,649.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 330,812 shares of the company’s stock after acquiring an additional 329,700 shares during the quarter. Federated Hermes Inc.’s holdings in Nu Skin Enterprises were worth $6,424,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swiss National Bank increased its position in shares of Nu Skin Enterprises by 1.0% during the third quarter. Swiss National Bank now owns 109,700 shares of the company’s stock worth $2,327,000 after acquiring an additional 1,100 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Nu Skin Enterprises by 13.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,917 shares of the company’s stock worth $295,000 after acquiring an additional 1,599 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nu Skin Enterprises by 27.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,490 shares of the company’s stock valued at $201,000 after buying an additional 2,027 shares during the last quarter. CWM LLC boosted its position in shares of Nu Skin Enterprises by 5,838.9% during the third quarter. CWM LLC now owns 2,138 shares of the company’s stock worth $45,000 after buying an additional 2,102 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Nu Skin Enterprises by 240.7% during the third quarter. Signaturefd LLC now owns 3,996 shares of the company’s stock worth $85,000 after buying an additional 2,823 shares during the period. 82.84% of the stock is owned by hedge funds and other institutional investors.

Nu Skin Enterprises Price Performance

NYSE NUS opened at $12.25 on Friday. The stock has a market capitalization of $605.15 million, a P/E ratio of 68.03 and a beta of 1.11. Nu Skin Enterprises, Inc. has a 1 year low of $11.84 and a 1 year high of $40.68. The business’s fifty day moving average is $12.76 and its two-hundred day moving average is $16.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 2.13.

Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $488.64 million for the quarter, compared to analysts’ expectations of $479.35 million. On average, research analysts forecast that Nu Skin Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Nu Skin Enterprises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, February 23rd. Nu Skin Enterprises’s dividend payout ratio (DPR) is currently 133.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NUS shares. StockNews.com cut Nu Skin Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. DA Davidson dropped their price target on Nu Skin Enterprises from $29.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 5th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Nu Skin Enterprises Profile

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.