Nu Skin Enterprises, Inc. (NYSE:NUS – Get Rating) Director Andrew D. Lipman sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.67, for a total value of $36,670.00. Following the transaction, the director now owns 69,393 shares in the company, valued at $2,544,641.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Nu Skin Enterprises Stock Down 0.3 %
Shares of Nu Skin Enterprises stock traded down $0.12 during trading on Thursday, reaching $36.85. The company’s stock had a trading volume of 287,367 shares, compared to its average volume of 559,714. The company has a quick ratio of 1.38, a current ratio of 2.30 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 16.60 and a beta of 1.16. Nu Skin Enterprises, Inc. has a 1-year low of $36.32 and a 1-year high of $56.76. The company has a 50-day simple moving average of $42.16 and a two-hundred day simple moving average of $44.56.
Nu Skin Enterprises Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 26th were given a $0.385 dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.18%. Nu Skin Enterprises’s payout ratio is 69.37%.
Institutional Trading of Nu Skin Enterprises
A number of institutional investors have recently made changes to their positions in the business. State Street Corp boosted its position in shares of Nu Skin Enterprises by 40.5% in the 2nd quarter. State Street Corp now owns 9,161,235 shares of the company’s stock worth $396,681,000 after purchasing an additional 2,640,656 shares in the last quarter. BlackRock Inc. lifted its position in Nu Skin Enterprises by 0.5% during the 1st quarter. BlackRock Inc. now owns 5,791,181 shares of the company’s stock worth $277,281,000 after acquiring an additional 30,340 shares during the period. Renaissance Technologies LLC lifted its position in Nu Skin Enterprises by 5.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,819,396 shares of the company’s stock worth $122,080,000 after acquiring an additional 148,400 shares during the period. Dimensional Fund Advisors LP lifted its position in Nu Skin Enterprises by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,709,894 shares of the company’s stock worth $81,869,000 after acquiring an additional 72,030 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Nu Skin Enterprises by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 921,772 shares of the company’s stock worth $46,780,000 after acquiring an additional 9,127 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. DA Davidson cut their price target on Nu Skin Enterprises from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, August 23rd. Citigroup lifted their price target on Nu Skin Enterprises from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Finally, TheStreet downgraded Nu Skin Enterprises from a “b” rating to a “c” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.50.
About Nu Skin Enterprises
Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products.
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