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 note issued to investors on Monday.

Several other research firms also recently weighed in on NUS. DA Davidson decreased their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Citigroup dropped their price target 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.

Nu Skin Enterprises Price Performance

Nu Skin Enterprises stock opened at $7.48 on Monday. The stock’s 50 day moving average price is $6.79 and its two-hundred day moving average price is $9.78. The stock has a market capitalization of $371.76 million, a price-to-earnings ratio of -3.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.93. Nu Skin Enterprises has a 52-week low of $5.95 and a 52-week high of $20.75.

Nu Skin Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio (DPR) is -11.59%.

Institutional Investors Weigh In On Nu Skin Enterprises

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