Citigroup reissued their buy rating on shares of Nu Skin Enterprises (NYSE:NUS) in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $81.00 price objective on the stock, up from their prior price objective of $70.00.
A number of other brokerages have also recently issued reports on NUS. ValuEngine raised shares of Nu Skin Enterprises from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Nu Skin Enterprises from a sell rating to a hold rating and set a $78.00 price objective on the stock in a research note on Saturday, December 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $65.38.
Shares of Nu Skin Enterprises (NUS) opened at $72.45 on Tuesday. Nu Skin Enterprises has a 52 week low of $47.10 and a 52 week high of $73.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.18 and a current ratio of 1.78. The company has a market cap of $3,858.72, a P/E ratio of 25.90, a PEG ratio of 2.28 and a beta of 1.56.
In other Nu Skin Enterprises news, insider Joseph Y. Chang sold 36,503 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $62.24, for a total value of $2,271,946.72. Following the sale, the insider now directly owns 66,563 shares in the company, valued at $4,142,881.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Steven Lund sold 108,132 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $68.81, for a total transaction of $7,440,562.92. Following the sale, the chairman now owns 4,769 shares in the company, valued at $328,154.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,645 shares of company stock worth $17,367,125. Insiders own 5.20% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Trexquant Investment LP acquired a new stake in Nu Skin Enterprises in the 3rd quarter valued at $455,000. Convergence Investment Partners LLC increased its stake in Nu Skin Enterprises by 14.2% in the 3rd quarter. Convergence Investment Partners LLC now owns 65,602 shares of the company’s stock valued at $4,033,000 after buying an additional 8,134 shares during the last quarter. BlackRock Inc. increased its stake in Nu Skin Enterprises by 1.8% in the 2nd quarter. BlackRock Inc. now owns 6,805,093 shares of the company’s stock valued at $427,632,000 after buying an additional 121,562 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Nu Skin Enterprises by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,416,305 shares of the company’s stock valued at $87,443,000 after buying an additional 66,986 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Nu Skin Enterprises by 10.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 332,108 shares of the company’s stock valued at $20,418,000 after buying an additional 30,285 shares during the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.
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About Nu Skin Enterprises
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.
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