DA Davidson cuts Nu Skin Enterprises (NYSE:NUS) price target to $34.00

Nu Skin Enterprises (NYSE: NUS – Get Assessed) saw its target price drop by analysts DA Davidson from $40.00 to $34.00 in a research note released Wednesday to investors, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential decline of 13.62% from the company’s previous close.

NUS has been the subject of a number of other research reports. StockNews.com upgraded Nu Skin Enterprises shares from a “hold” rating to a “buy” rating in a Friday, Nov. 4 research report. Citigroup reduced its target price on Nu Skin Enterprises from $39.00 to $35.00 in a Friday, November 4 research report. Finally, TheStreet downgraded shares of Nu Skin Enterprises from a “b” rating to a “c” rating in a Thursday, August 4, report.

Nu Skin Enterprises stock up 4.2%

Shares of NUS opened at $39.36 on Wednesday. Nu Skin Enterprises has a 12 month minimum of $29.95 and a 12 month maximum of $56.76. The company has a quick ratio of 1.23, a current ratio of 2.13 and a leverage ratio of 0.45. The company has a market capitalization of $1.95 billion, a PE ratio of 53.19 and a beta of 1.22. The stock has a 50-day moving average of $36.59 and a 200-day moving average of $41.36.

Insider Buying and Selling at Nu Skin Enterprises

In other news, Director Andrew D. Lipman sold 1,000 shares of Nu Skin Enterprises in a trade that took place on Tuesday, November 22. The shares were sold at an average price of $38.16, for a total value of $38,160.00. Following completion of the transaction, the administrator now owns 67,393 shares of the company, valued at $2,571,716.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. In other news, CEO Ryan S. Napierski sold 25,000 shares of the company in a trade Thursday, August 25. The stock was sold at an average price of $42.99, for a total value of $1,074,750.00. Following the completion of the sale, the CEO now directly owns 122,683 shares of the company, valued at $5,274,142.17. The sale was disclosed in a filing with the SEC, accessible via this link. Additionally, director Andrew D. Lipman sold 1,000 shares of the company in a trade dated Tuesday, November 22. The stock was sold at an average price of $38.16, for a total transaction of $38,160.00. Following the transaction, the administrator now owns 67,393 shares of the company, valued at approximately $2,571,716.88. The disclosure of this sale can be found here. Insiders sold a total of 29,602 shares of the company worth $1,248,282 in the past ninety days. Company insiders own 2.80% of the company’s shares.

Nu Skin Enterprises Institutional Trade

Hedge funds and other institutional investors have recently changed their stock holdings. The Kentucky State Teachers’ Retirement System purchased a new position in Nu Skin Enterprises in Q3 worth $339,000. BNP Paribas Arbitrage SNC increased its position in Nu Skin Enterprises shares by 185.5% during the third quarter. BNP Paribas Arbitrage SNC now owns 54,639 shares in the company worth $1,823,000 after purchasing an additional 35,500 shares during the period. State Street Corp increased its position in Nu Skin Enterprises shares by 3.3% during the third quarter. State Street Corp now owns 9,466,774 shares of the company worth $315,906,000 after purchasing an additional 305,539 shares during the period. Thrivent Financial for Lutherans increased its stake in Nu Skin Enterprises shares by 220.3% during the third quarter. Thrivent Financial for Lutherans now owns 42,190 shares of the company worth $1,408,000 after purchasing an additional 29,018 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new stake in Nu Skin Enterprises stock during Q3 for $241,000. Institutional investors and hedge funds hold 88.20% of the company’s shares.

Nu Skin Enterprises Company Profile

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Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems and ageLOC LumiSpa skin cleansing and treatment devices; and ageLOC Boost, plus a range of other cosmetic and personal care products.

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