Federated Hermes Inc. Increases Stock Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Federated Hermes Inc. increased its position in Nu Skin Enterprises, Inc. (NYSE:NUS) by 111.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,323,542 shares of the company’s stock after purchasing an additional 698,722 shares during the quarter. Federated Hermes Inc.’s holdings in Nu Skin Enterprises were worth $13,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of 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 purchasing an additional 1,597 shares during the period. CWM LLC boosted its stake in shares of Nu Skin Enterprises by 38.4% in 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. Public Employees Retirement System of Ohio raised its holdings in Nu Skin Enterprises by 30.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock valued at $54,000 after acquiring an additional 918 shares in the last quarter. Covestor Ltd raised its holdings in Nu Skin Enterprises by 90.1% in the first quarter. Covestor Ltd now owns 4,353 shares of the company’s stock valued at $60,000 after acquiring an additional 2,063 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Nu Skin Enterprises by 167.4% in the second quarter. GAMMA Investing LLC now owns 5,734 shares of the company’s stock valued at $60,000 after acquiring an additional 3,590 shares in the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NUS has been the topic of several recent analyst reports. DA Davidson cut their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Citigroup cut their price target on shares of Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.50.

Nu Skin Enterprises Stock Down 4.6 %

Shares of NYSE:NUS opened at $7.30 on Tuesday. The stock has a market capitalization of $362.57 million, a price-to-earnings ratio of -121.67 and a beta of 1.13. Nu Skin Enterprises, Inc. has a 1-year low of $6.72 and a 1-year high of $24.16. The company’s fifty day moving average is $9.63 and its two-hundred day moving average is $11.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.12.

Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $439.10 million for the quarter, compared to analysts’ expectations of $431.87 million. Nu Skin Enterprises had a negative net margin of 8.05% and a positive return on equity of 7.80%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. Equities analysts anticipate that Nu Skin Enterprises, Inc. will post 0.78 EPS for the current year.

Nu Skin Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.29%. Nu Skin Enterprises’s dividend payout ratio (DPR) is -400.00%.

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.