Nu Skin Enterprises (NYSE:NUS) Hits New 52-Week Low at $11.73

Nu Skin Enterprises, Inc. (NYSE:NUS) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.73 and last traded at $11.76, with a volume of 661133 shares traded. The stock had previously closed at $12.28.

Wall Street Analyst Weigh In

Several brokerages recently commented on NUS. DA Davidson cut their price objective on shares of Nu Skin Enterprises from $29.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 5th. StockNews.com cut shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Nu Skin Enterprises currently has an average rating of “Hold” and a consensus price target of $23.67.

Nu Skin Enterprises Stock Performance

The business’s fifty day moving average price is $12.71 and its 200-day moving average price is $16.22. The stock has a market cap of $581.18 million, a PE ratio of 67.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 2.13.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $488.64 million during the quarter, compared to analyst estimates of $479.35 million. Nu Skin Enterprises had a return on equity of 10.73% and a net margin of 0.44%. As a group, equities research analysts forecast that Nu Skin Enterprises, Inc. will post 1.13 EPS for the current fiscal year.

Nu Skin Enterprises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, February 23rd. Nu Skin Enterprises’s payout ratio is 133.34%.

Institutional Trading of Nu Skin Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NUS. New Mexico Educational Retirement Board bought a new stake in shares of Nu Skin Enterprises during the 1st quarter valued at $145,000. SteelPeak Wealth LLC purchased a new position in Nu Skin Enterprises during the first quarter valued at $207,000. Counterpoint Mutual Funds LLC bought a new stake in Nu Skin Enterprises during the first quarter valued at about $704,000. CWM LLC grew its holdings in Nu Skin Enterprises by 38.4% during the first quarter. CWM LLC now owns 3,286 shares of the company’s stock valued at $45,000 after purchasing an additional 911 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Nu Skin Enterprises by 35.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,851 shares of the company’s stock worth $211,000 after buying an additional 2,865 shares in the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

Nu Skin Enterprises Company 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.