Nu Skin Enterprises (NYSE:NUS) Upgraded at StockNews.com

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

A number of other equities research analysts have also recently commented on the company. Citigroup lowered their target price on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. DA Davidson lowered 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 research report on Monday, August 12th.

Nu Skin Enterprises Stock Performance

Shares of NUS opened at $7.48 on Monday. The stock has a 50 day moving average of $6.79 and a 200 day moving average of $9.78. The company has a market capitalization of $371.76 million, a price-to-earnings ratio of -3.61 and a beta of 1.14. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $20.75. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53.

Nu Skin Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.21%. Nu Skin Enterprises’s dividend payout ratio is presently -11.59%.

Institutional Investors Weigh In On Nu Skin Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Nu Skin Enterprises by 8.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,077 shares of the company’s stock worth $361,000 after purchasing an additional 2,057 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Nu Skin Enterprises by 10.9% in the 1st quarter. BNP Paribas Financial Markets now owns 114,326 shares of the company’s stock valued at $1,581,000 after buying an additional 11,220 shares in the last quarter. Sei Investments Co. raised its holdings in Nu Skin Enterprises by 4.1% during the 1st quarter. Sei Investments Co. now owns 171,364 shares of the company’s stock valued at $2,370,000 after acquiring an additional 6,672 shares during the period. Inspire Advisors LLC purchased a new stake in shares of Nu Skin Enterprises during the first quarter worth $170,000. Finally, Inspire Investing LLC boosted its holdings in shares of Nu Skin Enterprises by 29.3% in the first quarter. Inspire Investing LLC now owns 28,295 shares of the company’s stock worth $391,000 after acquiring an additional 6,415 shares during the period. 82.84% of the stock is currently owned by institutional investors.

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.