Range Financial Group LLC Makes New Investment in Nu Skin Enterprises, Inc. (NYSE:NUS)

Range Financial Group LLC purchased a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) in the second quarter, HoldingsChannel.com reports. The fund purchased 17,310 shares of the company’s stock, valued at approximately $182,000.

A number of other institutional investors and hedge funds have also modified their holdings of NUS. New York State Common Retirement Fund raised its stake in shares of Nu Skin Enterprises by 11.8% during the fourth quarter. New York State Common Retirement Fund now owns 41,000 shares of the company’s stock worth $796,000 after buying an additional 4,334 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 buying an additional 173,193 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Nu Skin Enterprises during the fourth quarter worth approximately $227,000. Janney Montgomery Scott LLC bought a new stake in shares of Nu Skin Enterprises during the fourth quarter worth approximately $481,000. Finally, Kingsview Wealth Management LLC raised its stake in shares of Nu Skin Enterprises by 39.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 109,652 shares of the company’s stock worth $2,129,000 after buying an additional 30,792 shares during the last quarter. 82.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NUS. Citigroup dropped their price target on shares of Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. DA Davidson dropped their price target 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. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.50.

Nu Skin Enterprises Stock Up 0.1 %

Shares of NYSE:NUS opened at $8.36 on Friday. Nu Skin Enterprises, Inc. has a 52 week low of $8.31 and a 52 week high of $24.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.12. The company has a market capitalization of $415.22 million, a PE ratio of -139.33 and a beta of 1.13. The company has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $11.85.

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

Nu Skin Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -400.00%.

Nu Skin Enterprises 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.