Nu Skin Enterprises (NYSE:NUS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Nu Skin Enterprises (NYSE:NUS) from a hold rating to a buy rating in a research note released on Monday morning.

NUS has been the topic of a number of other research reports. DA Davidson dropped their price objective on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Citigroup reduced their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd.

Nu Skin Enterprises Stock Performance

Shares of NYSE NUS opened at $7.19 on Monday. The stock has a market capitalization of $357.34 million, a P/E ratio of -3.57 and a beta of 1.14. The firm’s 50-day moving average price is $6.77 and its two-hundred day moving average price is $9.77. Nu Skin Enterprises has a 52-week low of $5.95 and a 52-week high of $20.75. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53.

Nu Skin Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.34%. Nu Skin Enterprises’s dividend payout ratio (DPR) is -11.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NUS. Signaturefd LLC boosted its stake in Nu Skin Enterprises by 72.6% during the 2nd quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock valued at $40,000 after purchasing an additional 1,597 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Nu Skin Enterprises during the second quarter worth about $47,000. Public Employees Retirement System of Ohio raised its position in Nu Skin Enterprises by 30.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock worth $54,000 after acquiring an additional 918 shares in the last quarter. Covestor Ltd lifted its holdings in Nu Skin Enterprises by 90.1% in the 1st quarter. Covestor Ltd now owns 4,353 shares of the company’s stock valued at $60,000 after acquiring an additional 2,063 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Nu Skin Enterprises by 167.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,734 shares of the company’s stock valued at $60,000 after acquiring an additional 3,590 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.

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.