Inspire Investing LLC Raises Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Inspire Investing LLC lifted its holdings in Nu Skin Enterprises, Inc. (NYSE:NUS) by 29.0% in the second quarter, Holdings Channel reports. The firm owned 36,502 shares of the company’s stock after buying an additional 8,207 shares during the period. Inspire Investing LLC’s holdings in Nu Skin Enterprises were worth $385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NUS. Charles Schwab Investment Management Inc. grew its stake in shares of Nu Skin Enterprises by 17.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,157,697 shares of the company’s stock worth $22,482,000 after acquiring an additional 173,193 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Nu Skin Enterprises in the 4th quarter worth approximately $227,000. Janney Montgomery Scott LLC acquired a new stake in Nu Skin Enterprises in the 4th quarter worth approximately $481,000. Norges Bank purchased a new stake in Nu Skin Enterprises during the 4th quarter worth approximately $8,930,000. Finally, Allianz Asset Management GmbH increased its stake in Nu Skin Enterprises by 45.4% during the 4th quarter. Allianz Asset Management GmbH now owns 226,069 shares of the company’s stock valued at $4,390,000 after purchasing an additional 70,578 shares in the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.

Nu Skin Enterprises Stock Down 1.4 %

NYSE:NUS opened at $7.06 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33. The company’s fifty day moving average price is $9.39 and its 200-day moving average price is $11.42. Nu Skin Enterprises, Inc. has a 1-year low of $6.72 and a 1-year high of $24.08. The firm has a market capitalization of $350.65 million, a P/E ratio of -117.67 and a beta of 1.13.

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

Nu Skin Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 3.40%. Nu Skin Enterprises’s dividend payout ratio is presently -400.00%.

Analysts Set New Price Targets

NUS has been the subject of several research reports. DA Davidson lowered their price objective on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Citigroup lowered their price target on Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Nu Skin Enterprises has an average rating of “Hold” and an average price target of $16.50.

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.