Nu Skin Enterprises (NYSE:NUS) Hits New 52-Week High - Should You Buy?

Key Points

• Nu Skin Enterprises stock reached a new 52-week high at $10.86 during trading, indicating strong market interest.
• Analysts have recently downgraded Nu Skin from a "strong-buy" to a "buy" rating, reflecting a shift in market confidence.
• The company reported $0.43 EPS for the last quarter, significantly beating the consensus estimate of $0.25.

Nu Skin Enterprises, Inc. (NYSE:NUS - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $10.86 and last traded at $10.80, with a volume of 25204 shares trading hands. The stock had previously closed at $10.58.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Nu Skin Enterprises to a "hold" rating in a research report on Tuesday. Wall Street Zen cut shares of Nu Skin Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th.

Nu Skin Enterprises Trading Up 1.1%

The stock's fifty day simple moving average is $8.73 and its 200-day simple moving average is $7.62. The firm has a market cap of $571.67 million, a PE ratio of 5.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.01 and a quick ratio of 1.38.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.18. The business had revenue of $386.14 million during the quarter, compared to analysts' expectations of $376.68 million. Nu Skin Enterprises had a net margin of 6.20% and a return on equity of 8.23%. On average, sell-side analysts forecast that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be paid a $0.06 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.1%. Nu Skin Enterprises's dividend payout ratio is presently 11.94%.

Insiders Place Their Bets

In other news, Director Edwina D. Woodbury sold 4,532 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $8.44, for a total value of $38,250.08. Following the sale, the director owned 42,947 shares in the company, valued at $362,472.68. This represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Keith Hatchett acquired 6,500 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average price of $7.54 per share, for a total transaction of $49,010.00. Following the purchase, the insider directly owned 162,065 shares of the company's stock, valued at approximately $1,221,970.10. This trade represents a 4.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Nu Skin Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new stake in Nu Skin Enterprises during the second quarter valued at $25,000. GAMMA Investing LLC increased its holdings in Nu Skin Enterprises by 102.0% in the first quarter. GAMMA Investing LLC now owns 3,498 shares of the company's stock valued at $25,000 after buying an additional 1,766 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Nu Skin Enterprises in the first quarter valued at $33,000. Tower Research Capital LLC TRC increased its holdings in Nu Skin Enterprises by 107.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,048 shares of the company's stock valued at $40,000 after buying an additional 2,614 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Nu Skin Enterprises by 28.5% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 82.84% of the company's stock.

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.