Lazard Asset Management LLC Makes New $80,000 Investment in Nu Skin Enterprises, Inc. (NYSE:NUS)

Lazard Asset Management LLC acquired a new stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,671 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Nu Skin Enterprises during the 4th quarter valued at about $25,000. US Bancorp DE raised its position in Nu Skin Enterprises by 424.2% during the fourth quarter. US Bancorp DE now owns 7,460 shares of the company’s stock valued at $51,000 after purchasing an additional 6,037 shares during the period. Signaturefd LLC lifted its stake in shares of Nu Skin Enterprises by 536.8% in the 4th quarter. Signaturefd LLC now owns 8,087 shares of the company’s stock valued at $56,000 after purchasing an additional 6,817 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Nu Skin Enterprises by 2,412.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,215 shares of the company’s stock worth $57,000 after purchasing an additional 7,888 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Nu Skin Enterprises in the fourth quarter valued at $80,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Monday, May 12th.

Nu Skin Enterprises Stock Down 0.8%

NYSE:NUS opened at $7.26 on Monday. The company has a market cap of $358.74 million, a price-to-earnings ratio of -2.46 and a beta of 0.92. Nu Skin Enterprises, Inc. has a twelve month low of $5.32 and a twelve month high of $13.90. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $6.60 and a 200-day simple moving average of $7.02.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $364.49 million during the quarter, compared to analysts’ expectations of $352.06 million. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. Analysts anticipate that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.

Nu Skin Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -30.00%.

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.