Nu Skin Enterprises (NYSE:NUS) Given New $6.75 Price Target at Citigroup

Nu Skin Enterprises (NYSE:NUS) had its target price cut by Citigroup from $11.50 to $6.75 in a research report released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

NUS has been the topic of a number of other reports. StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. 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.

Nu Skin Enterprises Stock Down 1.1 %

Shares of NYSE NUS opened at $6.09 on Tuesday. The firm’s fifty day moving average is $7.69 and its 200 day moving average is $10.42. Nu Skin Enterprises has a 52 week low of $5.99 and a 52 week high of $20.75. The company has a quick ratio of 1.33, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The company has a market cap of $302.47 million, a price-to-earnings ratio of -101.50 and a beta of 1.12.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm 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 company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts expect that Nu Skin Enterprises will post 0.78 earnings per share for the current year.

Nu Skin Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio is currently -400.00%.

Institutional Investors Weigh In On Nu Skin Enterprises

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Nu Skin Enterprises by 4.4% during the first quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock valued at $89,751,000 after buying an additional 274,309 shares during the period. Pacer Advisors Inc. purchased a new position in Nu Skin Enterprises during the 2nd quarter valued at about $25,230,000. Federated Hermes Inc. boosted its stake in Nu Skin Enterprises by 111.8% during the second quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock worth $13,950,000 after acquiring an additional 698,722 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Nu Skin Enterprises by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 901,098 shares of the company’s stock worth $9,498,000 after purchasing an additional 43,935 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Nu Skin Enterprises by 36.5% during the first quarter. ProShare Advisors LLC now owns 597,614 shares of the company’s stock valued at $8,265,000 after purchasing an additional 159,831 shares in the last quarter. 82.84% of the stock is currently 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.