Nu Skin Enterprises, Inc. (NYSE:NUS - Get Free Report) insider Steven Keith Hatchett bought 6,500 shares of the stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average price of $7.54 per share, with a total value of $49,010.00. Following the completion of the acquisition, the insider now directly owns 162,065 shares of the company's stock, valued at approximately $1,221,970.10. The trade was a 4.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Nu Skin Enterprises Stock Up 2.7%
NYSE NUS traded up $0.23 during mid-day trading on Friday, reaching $8.63. The stock had a trading volume of 1,174,942 shares, compared to its average volume of 839,438. Nu Skin Enterprises, Inc. has a 1 year low of $5.32 and a 1 year high of $13.90. The stock has a market cap of $426.43 million, a PE ratio of -2.93 and a beta of 0.92. The company has a fifty day moving average price of $6.58 and a 200 day moving average price of $7.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.17.
Nu Skin Enterprises (NYSE:NUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. The company had revenue of $364.49 million during the quarter, compared to analyst estimates of $352.06 million. On average, research analysts expect that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current year.
Nu Skin Enterprises Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.24 dividend on an annualized basis and a yield of 2.78%. Nu Skin Enterprises's payout ratio is currently -30.00%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Nu Skin Enterprises from a "hold" rating to a "buy" rating in a report on Monday, May 12th.
Check Out Our Latest Stock Analysis on Nu Skin Enterprises
Hedge Funds Weigh In On Nu Skin Enterprises
A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Nu Skin Enterprises by 102.0% in the 1st quarter. GAMMA Investing LLC now owns 3,498 shares of the company's stock worth $25,000 after acquiring an additional 1,766 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Nu Skin Enterprises by 28.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,976 shares of the company's stock valued at $55,000 after buying an additional 1,768 shares during the last quarter. PAX Financial Group LLC raised its stake in Nu Skin Enterprises by 5.0% during the 1st quarter. PAX Financial Group LLC now owns 38,473 shares of the company's stock valued at $279,000 after buying an additional 1,840 shares during the last quarter. Franklin Resources Inc. raised its stake in Nu Skin Enterprises by 6.5% during the 4th quarter. Franklin Resources Inc. now owns 34,307 shares of the company's stock valued at $236,000 after buying an additional 2,091 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in Nu Skin Enterprises by 2.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 79,860 shares of the company's stock valued at $580,000 after buying an additional 2,195 shares during the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.
About Nu Skin Enterprises
(
Get Free Report)
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.
See Also
Before you consider Nu Skin Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nu Skin Enterprises wasn't on the list.
While Nu Skin Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
