Nu Skin Enterprises (NYSE:NUS) Rating Lowered to Hold at StockNews.com

Nu Skin Enterprises (NYSE:NUS - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.

Several other brokerages also recently issued reports on NUS. Citigroup reduced their price objective on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a "neutral" rating on the stock in a research note on Tuesday. DA Davidson decreased their target price on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th.

Nu Skin Enterprises Price Performance

Shares of NYSE:NUS traded up $0.22 during midday trading on Wednesday, hitting $6.31. 749,182 shares of the stock were exchanged, compared to its average volume of 850,647. Nu Skin Enterprises has a twelve month low of $5.95 and a twelve month high of $20.75. The company has a current ratio of 2.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $7.63 and a 200-day moving average price of $10.39. The stock has a market cap of $313.40 million, a P/E ratio of -105.17 and a beta of 1.12.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last released its quarterly 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 business had revenue of $439.10 million for the quarter, compared to analyst estimates of $431.87 million. During the same period in the prior year, the business earned $0.54 earnings per share. The company's quarterly revenue was down 12.2% on a year-over-year basis. On average, research analysts forecast that Nu Skin Enterprises will post 0.78 earnings per share for the current year.

Hedge Funds Weigh In On Nu Skin Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in Nu Skin Enterprises by 72.6% during the second quarter. Signaturefd LLC now owns 3,797 shares of the company's stock valued at $40,000 after buying an additional 1,597 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Nu Skin Enterprises by 30.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company's stock valued at $54,000 after purchasing an additional 918 shares during the last quarter. Covestor Ltd increased its stake in shares of Nu Skin Enterprises by 90.1% in the first quarter. Covestor Ltd now owns 4,353 shares of the company's stock valued at $60,000 after purchasing an additional 2,063 shares during the period. Canada Pension Plan Investment Board acquired a new position in Nu Skin Enterprises during the 2nd quarter worth $47,000. Finally, Lazard Asset Management LLC increased its stake in shares of Nu Skin Enterprises by 92.7% during the first quarter. Lazard Asset Management LLC now owns 4,587 shares of the company's stock valued at $63,000 after acquiring an additional 2,206 shares during the period. 82.84% of the stock is owned by institutional investors and hedge funds.

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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