Principal Financial Group Inc. Grows Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Principal Financial Group Inc. increased its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS – Get Rating) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,815 shares of the company’s stock after buying an additional 104,419 shares during the period. Principal Financial Group Inc.’s holdings in Nu Skin Enterprises were worth $13,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its holdings in Nu Skin Enterprises by 37.1% during the second quarter. Eagle Bay Advisors LLC now owns 809 shares of the company’s stock worth $35,000 after buying an additional 219 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in Nu Skin Enterprises by 2,120.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 888 shares of the company’s stock worth $29,000 after buying an additional 848 shares in the last quarter. Royal Bank of Canada boosted its holdings in Nu Skin Enterprises by 118.2% during the third quarter. Royal Bank of Canada now owns 1,150 shares of the company’s stock worth $38,000 after buying an additional 623 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Nu Skin Enterprises during the second quarter worth about $144,000. Finally, Captrust Financial Advisors boosted its holdings in Nu Skin Enterprises by 12.7% during the second quarter. Captrust Financial Advisors now owns 3,657 shares of the company’s stock worth $158,000 after buying an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NUS. Citigroup lifted their target price on shares of Nu Skin Enterprises from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 1st. StockNews.com began coverage on shares of Nu Skin Enterprises in a research report on Thursday, May 18th. They set a “hold” rating for the company. DA Davidson cut their target price on shares of Nu Skin Enterprises from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, February 16th. TheStreet cut shares of Nu Skin Enterprises from a “b-” rating to a “c+” rating in a research report on Wednesday, March 15th. Finally, Jefferies Financial Group lowered shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating and cut their price objective for the company from $43.00 to $39.00 in a research report on Monday, January 30th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, Nu Skin Enterprises currently has a consensus rating of “Hold” and an average price target of $39.33.

Nu Skin Enterprises Price Performance

Nu Skin Enterprises stock opened at $34.84 on Thursday. Nu Skin Enterprises, Inc. has a 1 year low of $29.95 and a 1 year high of $47.84. The firm has a 50 day moving average price of $39.11 and a 200 day moving average price of $40.48. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 22.62 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 2.08.

Nu Skin Enterprises (NYSE:NUS – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Nu Skin Enterprises had a net margin of 3.68% and a return on equity of 14.13%. The company had revenue of $481.50 million during the quarter, compared to the consensus estimate of $477.49 million. During the same period in the previous year, the firm earned $0.76 earnings per share. Nu Skin Enterprises’s revenue for the quarter was down 20.4% on a year-over-year basis. Sell-side analysts predict that Nu Skin Enterprises, Inc. will post 2.61 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 7th. Stockholders of record on Friday, May 26th will be paid a $0.39 dividend. The ex-dividend date is Thursday, May 25th. This represents a $1.56 annualized dividend and a dividend yield of 4.48%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently 101.30%.

Insider Activity

In related news, Director Edwina D. Woodbury sold 1,255 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $37.87, for a total value of $47,526.85. Following the sale, the director now directly owns 15,469 shares of the company’s stock, valued at $585,811.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Andrew D. Lipman sold 2,000 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $39.29, for a total value of $78,580.00. Following the sale, the director now owns 62,393 shares of the company’s stock, valued at approximately $2,451,420.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edwina D. Woodbury sold 1,255 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $37.87, for a total transaction of $47,526.85. Following the completion of the transaction, the director now owns 15,469 shares of the company’s stock, valued at approximately $585,811.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,554 shares of company stock worth $3,539,278. 2.00% of the stock is currently owned by company insiders.

Nu Skin Enterprises Company Profile

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Nu Skin Enterprises, Inc is a holding company, which engages in the development and distribution of beauty and wellness solutions. It operates through the following segments: Mainland China, Americas, South Korea, Southeast Asia/Pacific, EMEA, Japan, Hong Kong/Taiwan, Nu Skin Other, Manufacturing, and Rhyz Other.