Nu Skin Enterprises (NYSE:NUS) had its price objective lifted by Stifel Nicolaus from $50.00 to $57.00 in a research report released on Friday, Marketbeat Ratings reports. The brokerage currently has a sell rating on the stock.
NUS has been the subject of a number of other reports. ValuEngine raised shares of Nu Skin Enterprises from a hold rating to a buy rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Nu Skin Enterprises from a sell rating to a hold rating and set a $78.00 target price for the company in a research report on Saturday, December 30th. Citigroup reissued a buy rating and set a $81.00 target price (up from $70.00) on shares of Nu Skin Enterprises in a research report on Tuesday, January 23rd. Finally, Pivotal Research reissued a buy rating and set a $90.00 target price on shares of Nu Skin Enterprises in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Nu Skin Enterprises currently has a consensus rating of Hold and a consensus target price of $71.29.
Shares of Nu Skin Enterprises (NUS) opened at $69.07 on Friday. Nu Skin Enterprises has a 52-week low of $47.10 and a 52-week high of $74.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.78 and a quick ratio of 1.18. The stock has a market cap of $3,636.54, a PE ratio of 29.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Monday, February 26th will be given a dividend of $0.365 per share. This is an increase from Nu Skin Enterprises’s previous quarterly dividend of $0.36. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, February 23rd. Nu Skin Enterprises’s dividend payout ratio is currently 60.76%.
In related news, Chairman Steven Lund sold 42,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $68.11, for a total value of $2,860,620.00. Following the completion of the transaction, the chairman now directly owns 4,769 shares of the company’s stock, valued at approximately $324,816.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 195,978 shares of company stock valued at $13,512,733. 5.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC boosted its holdings in Nu Skin Enterprises by 106.9% in the 4th quarter. Wolverine Asset Management LLC now owns 1,514 shares of the company’s stock worth $103,000 after buying an additional 23,378 shares during the period. Cerebellum GP LLC bought a new position in Nu Skin Enterprises in the 4th quarter worth approximately $124,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Nu Skin Enterprises in the 3rd quarter worth approximately $148,000. Amundi Pioneer Asset Management Inc. bought a new position in Nu Skin Enterprises in the 4th quarter worth approximately $192,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nu Skin Enterprises by 38.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,082 shares of the company’s stock worth $210,000 after buying an additional 858 shares during the period. 77.00% of the stock is owned by institutional investors.
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Nu Skin Enterprises Company Profile
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.
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