Nu Skin Enterprises (NYSE:NUS) Price Target Raised to $41.00 at Citigroup

Nu Skin Enterprises (NYSE:NUS) had its target price lifted by Citigroup from $29.00 to $41.00 in a research note published on Wednesday morning, The Fly reports. Citigroup currently has a neutral rating on the stock.

NUS has been the topic of a number of other research reports. Tigress Financial reissued a buy rating on shares of Nu Skin Enterprises in a research note on Friday, May 29th. Deutsche Bank raised their price objective on Nu Skin Enterprises from $28.00 to $35.00 and gave the stock a hold rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus raised their price objective on Nu Skin Enterprises from $35.00 to $36.00 and gave the stock a hold rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $41.38.

Shares of NUS opened at $37.59 on Wednesday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 9.83 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.12 and a current ratio of 1.74. The business’s fifty day moving average price is $36.75 and its two-hundred day moving average price is $32.23. Nu Skin Enterprises has a 52 week low of $12.31 and a 52 week high of $50.98.

Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.11. The company had revenue of $518.03 million for the quarter, compared to the consensus estimate of $477.01 million. Nu Skin Enterprises had a return on equity of 17.91% and a net margin of 6.49%. The firm’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 EPS. As a group, research analysts forecast that Nu Skin Enterprises will post 2.23 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Thursday, May 28th. Nu Skin Enterprises’s dividend payout ratio is 48.39%.

In other Nu Skin Enterprises news, insider Joseph Y. Chang sold 34,970 shares of Nu Skin Enterprises stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $40.01, for a total value of $1,399,149.70. Following the sale, the insider now owns 37,882 shares of the company’s stock, valued at approximately $1,515,658.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its holdings in shares of Nu Skin Enterprises by 23.3% in the 1st quarter. Federated Hermes Inc. now owns 121,405 shares of the company’s stock valued at $2,652,000 after acquiring an additional 22,907 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Nu Skin Enterprises by 7.8% in the 4th quarter. Prudential Financial Inc. now owns 529,366 shares of the company’s stock valued at $21,693,000 after acquiring an additional 38,200 shares in the last quarter. State Street Corp grew its holdings in shares of Nu Skin Enterprises by 7.6% in the 1st quarter. State Street Corp now owns 1,455,992 shares of the company’s stock valued at $31,813,000 after acquiring an additional 103,160 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Nu Skin Enterprises by 34.5% in the 1st quarter. Two Sigma Advisers LP now owns 508,000 shares of the company’s stock valued at $11,100,000 after acquiring an additional 130,400 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Nu Skin Enterprises in the 4th quarter valued at about $35,493,000. 74.39% of the stock is currently owned by hedge funds and other institutional investors.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc develops and distributes anti-aging personal care products and nutritional supplements under the Nu Skin and Pharmanex category brands worldwide. It provides skin care systems, including ageLOC Me customized skin care systems, ageLOC Spa systems, and ageLOC LumiSpa skin treatment and cleansing devices; and Epoch products, as well as a range of other cosmetic and personal care products.

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