Covestor Ltd Raises Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Covestor Ltd lifted its holdings in Nu Skin Enterprises, Inc. (NYSE:NUS) by 90.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,353 shares of the company’s stock after purchasing an additional 2,063 shares during the period. Covestor Ltd’s holdings in Nu Skin Enterprises were worth $60,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NUS. GAMMA Investing LLC purchased a new stake in shares of Nu Skin Enterprises in the fourth quarter worth approximately $33,000. CWM LLC increased its holdings in Nu Skin Enterprises by 38.4% during the 1st quarter. CWM LLC now owns 3,286 shares of the company’s stock worth $45,000 after purchasing an additional 911 shares during the period. Signaturefd LLC increased its holdings in Nu Skin Enterprises by 25.1% during the 4th quarter. Signaturefd LLC now owns 5,000 shares of the company’s stock worth $97,000 after purchasing an additional 1,004 shares during the period. Fidelis Capital Partners LLC purchased a new position in Nu Skin Enterprises during the 1st quarter worth $112,000. Finally, New Mexico Educational Retirement Board purchased a new position in Nu Skin Enterprises during the 1st quarter worth $145,000. 82.84% of the stock is currently owned by hedge funds and other institutional investors.

Nu Skin Enterprises Stock Up 0.5 %

Nu Skin Enterprises stock opened at $10.28 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.09 and a quick ratio of 1.24. The stock has a market capitalization of $510.61 million, a price-to-earnings ratio of -171.30 and a beta of 1.13. Nu Skin Enterprises, Inc. has a 1-year low of $9.74 and a 1-year high of $30.30. The business has a fifty day moving average price of $11.94 and a 200-day moving average price of $13.52.

Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $417.31 million during the quarter, compared to analysts’ expectations of $426.55 million. Nu Skin Enterprises had a positive return on equity of 9.28% and a negative net margin of 0.17%. The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Equities research analysts forecast that Nu Skin Enterprises, Inc. will post 1.1 EPS for the current fiscal year.

Nu Skin Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were paid a $0.06 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.24 dividend on an annualized basis and a yield of 2.33%. Nu Skin Enterprises’s dividend payout ratio (DPR) is -399.93%.

Insider Buying and Selling

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of Nu Skin Enterprises stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $13.33, for a total transaction of $26,660.00. Following the completion of the transaction, the director now owns 23,225 shares in the company, valued at approximately $309,589.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their target price on Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.83.

Nu Skin Enterprises 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.