Handelsbanken Fonder AB Takes Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Handelsbanken Fonder AB purchased a new stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,516 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in Nu Skin Enterprises by 25.1% in the 4th quarter. Signaturefd LLC now owns 5,000 shares of the company’s stock worth $97,000 after acquiring an additional 1,004 shares in the last quarter. Federated Hermes Inc. increased its holdings in Nu Skin Enterprises by 29,649.3% in the 4th quarter. Federated Hermes Inc. now owns 330,812 shares of the company’s stock worth $6,424,000 after acquiring an additional 329,700 shares in the last quarter. DGS Capital Management LLC purchased a new stake in Nu Skin Enterprises in the 4th quarter worth approximately $367,000. Strs Ohio increased its holdings in Nu Skin Enterprises by 13.1% in the 4th quarter. Strs Ohio now owns 36,200 shares of the company’s stock worth $703,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Nu Skin Enterprises in the 4th quarter worth approximately $480,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Nu Skin Enterprises Trading Up 2.1 %

Shares of NUS opened at $12.41 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.13 and a quick ratio of 1.28. Nu Skin Enterprises, Inc. has a 1 year low of $11.73 and a 1 year high of $39.38. The company has a 50 day simple moving average of $12.66 and a two-hundred day simple moving average of $16.07. The firm has a market cap of $613.30 million, a P/E ratio of 68.95 and a beta of 1.13.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Nu Skin Enterprises had a net margin of 0.44% and a return on equity of 10.73%. The business had revenue of $488.64 million during the quarter, compared to analyst estimates of $479.35 million. On average, equities analysts expect that Nu Skin Enterprises, Inc. will post 1.13 earnings per share for the current fiscal 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 1.93%. The ex-dividend date of this dividend was Friday, February 23rd. Nu Skin Enterprises’s dividend payout ratio (DPR) is currently 133.34%.

Analyst Upgrades and Downgrades

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

Nu Skin Enterprises Company 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.