Nu Skin Enterprises (NYSE:NUS) Price Target Cut to $7.00 by Analysts at DA Davidson

Nu Skin Enterprises (NYSE:NUS) had its target price cut by DA Davidson from $11.00 to $7.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also weighed in on NUS. Citigroup reduced their target price on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Nu Skin Enterprises Stock Performance

NYSE NUS opened at $6.60 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20. Nu Skin Enterprises has a 1-year low of $5.95 and a 1-year high of $20.75. The firm has a market capitalization of $328.09 million, a P/E ratio of -3.19 and a beta of 1.20. The business’s 50-day simple moving average is $6.98 and its 200-day simple moving average is $8.74.

Nu Skin Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio is currently -11.59%.

Hedge Funds Weigh In On Nu Skin Enterprises

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new position in Nu Skin Enterprises during the 2nd quarter worth approximately $25,230,000. Jane Street Group LLC raised its holdings in shares of Nu Skin Enterprises by 358.4% during the third quarter. Jane Street Group LLC now owns 924,993 shares of the company’s stock worth $6,817,000 after purchasing an additional 723,220 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Nu Skin Enterprises by 111.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock valued at $13,950,000 after buying an additional 698,722 shares during the period. Weiss Asset Management LP bought a new position in Nu Skin Enterprises during the 3rd quarter worth $2,727,000. Finally, Millennium Management LLC lifted its stake in Nu Skin Enterprises by 100.5% in the second quarter. Millennium Management LLC now owns 534,579 shares of the company’s stock valued at $5,634,000 after buying an additional 267,965 shares during the last quarter. Institutional investors own 82.84% of the company’s stock.

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.