StockNews.com Upgrades Nu Skin Enterprises to Buy

Nu Skin Enterprises (NYSE:NUS) has recently received an upgrade from analysts at StockNews.com, moving from a "hold" rating to a "buy" rating, as announced in a report released on Tuesday.

In a separate development, DA Davidson has adjusted its target price for Nu Skin Enterprises, lowering it from $11.00 to $7.00. They have also assigned a "neutral" rating for the company in their research report dated December 20th.

Nu Skin Enterprises Stock Performance

On Tuesday, the stock of Nu Skin Enterprises opened at $7.68. With a market capitalization of $381.60 million, the stock has a price-to-earnings ratio of -2.60. The company's beta stands at 1.17, indicating some volatility. Key financial ratios include a quick ratio of 1.17, a current ratio of 1.82, and a debt-to-equity ratio of 0.56. Over the past 50 days, the stock has had a moving average price of $6.89, while the 200-day moving average stands at $7.29. In the past year, Nu Skin Enterprises reached a low of $5.95 and a high of $14.04.

The company recently disclosed its earnings results on February 13th. For the quarter, Nu Skin Enterprises reported earnings per share (EPS) of $0.38, surpassing the consensus estimate of $0.24 by $0.14. The return on equity for the company was recorded at 5.86%, but it also noted a negative net margin of 8.46%. Total revenue for the quarter came in at $445.55 million, which was above the consensus estimate of $441.10 million. Analysts predict that Nu Skin Enterprises will achieve EPS of 1.05 for the current fiscal year.

Institutional Investment Activity

Several hedge funds and institutional investors have recently made changes to their holdings in Nu Skin Enterprises. For instance, Jane Street Group LLC has increased its stake significantly, raising it by 358.4% during the third quarter. They now hold 924,993 shares valued at approximately $6,817,000, after acquiring an additional 723,220 shares. Susquehanna International Group LLP also boosted its position by 191.9% in the fourth quarter, now owning 702,127 shares valued at $4,838,000 after purchasing an extra 461,608 shares. Additionally, Weiss Asset Management LP acquired a new stake worth about $2,727,000. In the fourth quarter, Two Sigma Advisers LP expanded its stake by 61.2%, holding 944,000 shares valued at $6,504,000 after buying 358,400 shares. Lastly, D. E. Shaw & Co. Inc. increased its holdings by 15.5%, now possessing 2,251,352 shares valued at $15,512,000 after an additional purchase of 301,295 shares. In total, institutional investors own about 82.84% of Nu Skin Enterprises stock.

Overview of Nu Skin Enterprises

Nu Skin Enterprises, Inc. engages in the development and distribution of a wide range of beauty and wellness products globally. Its product offerings primarily include skin care devices, cosmetics, and personal care products, notably the ageLOC LumiSpa and ageLOC LumiSpa iO.

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