Nu Skin Enterprises, Inc. (NYSE:NUS) Short Interest Down 34.3% in March

Nu Skin Enterprises, Inc. (NYSE:NUS - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,420,000 shares, a drop of 34.3% from the March 15th total of 2,160,000 shares. Based on an average daily trading volume, of 786,500 shares, the short-interest ratio is presently 1.8 days. Currently, 3.0% of the company's shares are short sold.

Insider Transactions at Nu Skin Enterprises

In other news, Director Andrew D. Lipman sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $18.55, for a total transaction of $37,100.00. Following the completion of the sale, the director now owns 31,225 shares in the company, valued at approximately $579,223.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 6,000 shares of company stock worth $86,660 in the last 90 days. Insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Nu Skin Enterprises

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in shares of Nu Skin Enterprises by 39.4% during the 1st quarter. State Street Corp now owns 10,296,735 shares of the company's stock worth $404,765,000 after purchasing an additional 2,912,086 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Nu Skin Enterprises by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,235,495 shares of the company's stock worth $132,255,000 after purchasing an additional 53,638 shares during the last quarter. BlackRock Inc. lifted its position in shares of Nu Skin Enterprises by 0.5% during the 1st quarter. BlackRock Inc. now owns 5,791,181 shares of the company's stock worth $277,281,000 after purchasing an additional 30,340 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Nu Skin Enterprises by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,670,996 shares of the company's stock worth $127,887,000 after purchasing an additional 58,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Nu Skin Enterprises by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,095,009 shares of the company's stock worth $82,355,000 after purchasing an additional 78,602 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company's stock.

Analysts Set New Price Targets

NUS has been the subject of several research reports. DA Davidson dropped their target price on shares of Nu Skin Enterprises from $29.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 5th. StockNews.com downgraded shares of Nu Skin Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, February 24th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $23.67.

Nu Skin Enterprises Stock Down 1.6 %

Shares of NYSE:NUS traded down $0.20 during trading on Friday, hitting $12.05. The company's stock had a trading volume of 540,572 shares, compared to its average volume of 775,578. The business has a 50 day moving average price of $13.75 and a two-hundred day moving average price of $16.94. The company has a market capitalization of $595.51 million, a PE ratio of 66.95 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 2.13. Nu Skin Enterprises has a fifty-two week low of $11.95 and a fifty-two week high of $41.50.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The business had revenue of $488.64 million during the quarter, compared to the consensus estimate of $479.35 million. Nu Skin Enterprises had a net margin of 0.44% and a return on equity of 10.73%. As a group, research analysts expect that Nu Skin Enterprises will post 1.13 EPS for the current fiscal year.

Nu Skin Enterprises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a $0.06 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.24 annualized dividend and a dividend yield of 1.99%. Nu Skin Enterprises's dividend payout ratio (DPR) is 133.34%.

Nu Skin Enterprises Company 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.

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