ProShare Advisors LLC, an investment firm, has increased its stake in Nu Skin Enterprises, Inc. during the first quarter of this year, according to a filing with the Securities and Exchange Commission (SEC). The firm now owns 230,250 shares of Nu Skin Enterprises, representing a 2.9% increase from its previous holdings. With this additional purchase, ProShare Advisors now holds around 0.46% of the company’s shares, valued at approximately $9,051,000.
During recent times, several analysts have provided their thoughts on the stock. DA Davidson lowered their target price for Nu Skin Enterprises shares from $38.00 to $29.00 and offered a “neutral” rating on the stock in a research note on August 3rd. Similarly, Stifel Nicolaus also lowered their target price from $43.00 to $35.00 and gave a “hold” rating on the stock in an August 2nd research note. Additionally, StockNews.com initiated coverage on Nu Skin Enterprises and issued a “hold” rating on August 17th.
Bloomberg.com reports that there are five analysts who have rated the stock as “hold”. Overall, they have reached a consensus rating of “Hold” for Nu Skin Enterprises and have set an average target price of $36.00.
On September 17th, NYSE:NUS opened at $24.01 per share. This value is significantly lower compared to both its one-year low ($22.63) and one-year high ($45.55). The company currently has a market capitalization of $1.20 billion and operates with a P/E ratio of 17.03 and a beta of 1.19.
Nu Skin Enterprises maintains a strong financial position with a current ratio of 1.78 and quick ratio of 0.94—the latter indicating their ability to meet short-term obligations efficiently. The company also exhibits a favorable debt-to-equity ratio of 0.41, signifying a well-managed balance between borrowed funds and shareholders’ equity.
These details shed light on the recent movements in Nu Skin Enterprises and provide insight into the perspectives of industry analysts. As always, investors are advised to conduct their own research and consider multiple sources before making investment decisions.
Nu Skin Enterprises, Inc.
Updated on: 18/09/2023
Investor Positions and Insider Trading Activity: Nu Skin Enterprises Sees Changes in Holdings and Stock Performance
Nu Skin Enterprises, a global direct selling company that specializes in personal care and wellness products, has seen some recent changes in its investor positions. Several institutional investors and hedge funds have made adjustments to their holdings in the company.
One notable investor is AlphaCrest Capital Management LLC, which purchased a new position in Nu Skin Enterprises during the first quarter of this year. The value of their investment amounted to approximately $336,000. Similarly, MetLife Investment Management LLC increased its position in the company by 39.1% during the same period, purchasing an additional 16,431 shares valued at $2.8 million.
Panagora Asset Management Inc. also bought a new stake in Nu Skin Enterprises during the first quarter, worth around $385,000. Rhumbline Advisers followed suit and increased its position in the company by 0.6%, adding 849 more shares to bring their total ownership to 148,426 shares valued at $7.1 million.
Furthermore, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position by 10.5% during the first quarter with an additional 1,741 shares valued at $874,000. These institutional investors now hold a significant portion of Nu Skin Enterprises’ stock at 73.62%.
In regards to insider trading activity, Director Andrew D. Lipman sold 2,000 shares on July 25th for an average price of $28.99 per share, totaling $57,980. After the sale was completed, Lipman still retains ownership of 58,625 shares amounting to approximately $1.7 million.
Additionally, Director Laura Nathanson sold 6,068 shares on August 21st at an average price of $24.12 per share for a total transaction value of $146,360. Following this sale, Nathanson now owns directly holds 10,300 shares worth roughly $248,436. Insiders have sold a total of 13,340 shares, equivalent to $348,503 in the last quarter, representing 2% of the company’s stock.
Financial analysts have recently reviewed Nu Skin Enterprises’ stock and offered their recommendations. DA Davidson lowered their target price from $38.00 to $29.00 with a “neutral” rating on the stock. Meanwhile, Stifel Nicolaus also reduced its target price from $43.00 to $35.00 and maintained a “hold” rating on the stock. StockNews.com initiated coverage on Nu Skin Enterprises and gave it a “hold” rating.
Regarding its financial performance, Nu Skin Enterprises reported earnings per share (EPS) of $0.54 for the most recent quarter ending in August 1st. This exceeded analysts’ consensus estimates of $0.53 by $0.01. The company also achieved a return on equity of 12.88% with a net margin of 3.43%. However, its revenue for the quarter fell slightly short of expectations at $500.26 million compared to the estimated $512.35 million.
To reward its shareholders, Nu Skin Enterprises announced a quarterly dividend payment on September 6th to investors who were recorded as shareholders on August 25th before trading began that day. The dividend amounted to $0.39 per share and had an ex-dividend date of August 24th.
Overall, Nu Skin Enterprises has attracted significant institutional investment and exhibited mixed sentiments from financial analysts regarding its stock value and long-term potential growth trajectory.
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