DA Davidson Cuts Nu Skin Enterprises (NYSE:NUS) Price Target to $7.00

Nu Skin Enterprises (NYSE:NUS) had its target price trimmed by DA Davidson from $11.00 to $7.00 in a research note published on Friday, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for Nu Skin Enterprises’ Q4 2024 earnings at $0.20 EPS.

A number of other equities analysts also recently commented on the stock. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup dropped their price target on shares of 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 Trading Down 3.9 %

NYSE:NUS opened at $6.60 on Friday. Nu Skin Enterprises has a 12-month low of $5.95 and a 12-month high of $20.75. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $6.98 and its 200-day simple moving average is $8.68. The firm has a market cap of $328.09 million, a P/E ratio of -3.19 and a beta of 1.20.

Nu Skin Enterprises Announces Dividend

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

Institutional Investors Weigh In On Nu Skin Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of NUS. The Manufacturers Life Insurance Company increased its holdings in shares of Nu Skin Enterprises by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,262 shares of the company’s stock valued at $203,000 after purchasing an additional 1,096 shares in the last quarter. Signaturefd LLC increased its holdings in Nu Skin Enterprises by 72.6% in the second quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock valued at $40,000 after buying an additional 1,597 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Nu Skin Enterprises by 9.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 19,976 shares of the company’s stock valued at $211,000 after acquiring an additional 1,650 shares during the period. Inspire Advisors LLC boosted its stake in shares of Nu Skin Enterprises by 16.7% during the 2nd quarter. Inspire Advisors LLC now owns 14,325 shares of the company’s stock worth $151,000 after acquiring an additional 2,048 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Nu Skin Enterprises by 37.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,658 shares of the company’s stock worth $154,000 after acquiring an additional 3,962 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

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.