Traders Buy High Volume of Put Options on Nu Skin Enterprises (NUS)

Nu Skin Enterprises, Inc. (NYSE:NUS) saw some unusual options trading activity on Thursday. Investors acquired 16,027 put options on the company. This represents an increase of approximately 1,766% compared to the average volume of 859 put options.

Shares of Nu Skin Enterprises (NYSE:NUS) traded up 3.16% during trading on Friday, reaching $55.48. 995,807 shares of the company’s stock were exchanged. Nu Skin Enterprises has a 52-week low of $46.35 and a 52-week high of $66.04. The company has a 50 day moving average of $61.67 and a 200 day moving average of $56.55. The firm has a market capitalization of $2.94 billion, a P/E ratio of 18.56 and a beta of 1.31.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.08. Nu Skin Enterprises had a net margin of 7.53% and a return on equity of 24.14%. The firm had revenue of $550.10 million during the quarter, compared to the consensus estimate of $548.09 million. During the same period in the prior year, the firm earned $0.79 EPS. The business’s revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Nu Skin Enterprises will post $3.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, August 23rd. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently 48.81%.

Several equities analysts recently weighed in on NUS shares. Zacks Investment Research upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, April 26th. Sidoti lowered shares of Nu Skin Enterprises from a “buy” rating to a “neutral” rating and set a $59.00 target price on the stock. in a report on Wednesday, April 26th. Pivotal Research restated a “buy” rating and set a $65.00 target price on shares of Nu Skin Enterprises in a report on Thursday, May 4th. ValuEngine upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG lifted their target price on shares of Nu Skin Enterprises from $63.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $62.88.

In other Nu Skin Enterprises news, General Counsel D Matthew Dorny sold 8,000 shares of Nu Skin Enterprises stock in a transaction on Monday, June 5th. The shares were sold at an average price of $56.39, for a total value of $451,120.00. Following the transaction, the general counsel now owns 52,730 shares in the company, valued at approximately $2,973,444.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 31,750 shares of company stock worth $1,946,810. 5.20% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Nu Skin Enterprises by 21,593.4% in the first quarter. BlackRock Inc. now owns 6,683,531 shares of the company’s stock worth $371,201,000 after buying an additional 6,652,722 shares during the period. Credit Suisse AG increased its stake in shares of Nu Skin Enterprises by 64.9% in the first quarter. Credit Suisse AG now owns 122,216 shares of the company’s stock worth $6,788,000 after buying an additional 48,082 shares during the period. Algert Global LLC bought a new stake in shares of Nu Skin Enterprises during the first quarter worth $623,000. Highland Capital Management LLC bought a new stake in shares of Nu Skin Enterprises during the first quarter worth $313,000. Finally, Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Nu Skin Enterprises during the first quarter worth $1,235,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

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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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