Sterling Capital Management LLC lowered its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 9.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 40,800 shares of the company’s stock after selling 4,130 shares during the quarter. Sterling Capital Management LLC owned about 0.08% of Nu Skin Enterprises worth $2,508,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Nu Skin Enterprises by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 427,158 shares of the company’s stock worth $26,843,000 after purchasing an additional 53,128 shares during the period. Jensen Investment Management Inc. boosted its holdings in Nu Skin Enterprises by 24.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 11,010 shares of the company’s stock worth $692,000 after acquiring an additional 2,150 shares during the period. Bank of New York Mellon Corp boosted its holdings in Nu Skin Enterprises by 22.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 885,257 shares of the company’s stock worth $55,628,000 after acquiring an additional 160,495 shares during the period. Crawford Investment Counsel Inc. boosted its holdings in Nu Skin Enterprises by 4.7% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 51,324 shares of the company’s stock worth $3,225,000 after acquiring an additional 2,304 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in Nu Skin Enterprises by 24.9% in the 2nd quarter. Martingale Asset Management L P now owns 100,943 shares of the company’s stock worth $6,344,000 after acquiring an additional 20,102 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.
A number of research firms have weighed in on NUS. ValuEngine upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research cut Nu Skin Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.00.
Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.76 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.76. The firm had revenue of $563.70 million during the quarter, compared to analysts’ expectations of $562.70 million. Nu Skin Enterprises had a return on equity of 22.38% and a net margin of 6.97%. Nu Skin Enterprises’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. equities analysts forecast that Nu Skin Enterprises, Inc. will post 3.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, November 16th. Nu Skin Enterprises’s dividend payout ratio (DPR) is currently 52.75%.
In other news, President Ryan S. Napierski sold 11,667 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $63.84, for a total transaction of $744,821.28. Following the completion of the transaction, the president now directly owns 71,634 shares in the company, valued at approximately $4,573,114.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Ryan S. Napierski sold 6,933 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $64.00, for a total value of $443,712.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,600 shares of company stock valued at $4,298,104. Company insiders own 5.20% of the company’s stock.
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Nu Skin Enterprises Company Profile
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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