Nu Skin Enterprises Inc (NYSE:NUS): Can It Move Higher?

[EDGAR] Nu Skin Enterprises Inc (NYSE:NUS)(TREND ANALYSIS) 2016 Annual Meeting of Stockholders (the “Annual Meeting”), the Company’s stockholders adopted and approved the Second Amended and Restated 2010 Omnibus Incentive Plan (the “Second Amended and Restated Plan”), which previously had been approved by the Company’s Board of Directors and Compensation Committee, subject to stockholder approval.

The Second Amended and Restated Plan amends the Amended and Restated 2010 Omnibus Incentive Plan (the “Amended and Restated Plan”) primarily as follows:

1. Share Reserve. As of December 31, 2015, 213,997 shares of our common stock had been issued against the total shares authorized under the Amended and Restated Plan, 5,719,707 shares were reserved for issuance for outstanding awards and 1,681,010 shares had reverted to the share reserve due to termination, expiration, and, with respect to restricted stock units, withholding or tendering for tax liabilities. Accordingly, only 1,247,306 shares were available for future grants of awards as of such date. The share authorization net increase of 3,752,694 shares (resulting in a total available reserve of 5,000,000 shares for new awards as of the effective date, less grants made since December 31, 2015), will help us to have a sufficient reserve of common stock available under the Second Amended and Restated Plan to allow us to continue to provide equity incentives to our executive officers and employees at a competitive level.

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Nu Skin Enterprises Inc (NYSE:NUS) stock is currently trading 20.12% below its 52-week-high, 75.5% above its 52-week-low. The 1-year stock price history is in the range of $23.51 – $51.65. Nu Skin Enterprises Inc (NUS) has a price to earnings ratio of 23.95 versus Consumer Goods sector average of 14.51. NUS stock price has outperformed the S&P 500 by 7.6%. The Multilevel Direct Selling company is currently valued at $2.31 billion, and its share price closed the last trading session at $41.26. The stock has a 50-day moving average of $39.07 and a 200-day moving average of $35.67.

Nu Skin Enterprises Inc (NUS) current short interest stands at 7.93 million shares. It has decreased by 4% from the same period of last month. Around 8% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.46 million shares, the number of days required to cover the short positions stand at 17.2 days.

NUS is forecasted to report earnings per share of $0.77 and a revenue of $574.4 million for the 2nd Quarter of the fiscal year 2016. Nu Skin Enterprises Inc (NUS) declared last quarter earnings on April 28. The Multilevel Direct Selling company announced last quarter earnings per share of $0.42 against a consensus Street estimate of $0.37, beating the average estimate by $0.05. The company posted a revenue of $471.8 million compared to an estimation of $465.5 million.

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There are currently nine analysts that cover Nu Skin Enterprises Inc stock. Of those nine, three have a Buy rating, four have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $41.5.

A recent analyst activity consisted of Jefferies who initiated their coverage on the stock with Hold rating on June 3. On the date of report, the stock closed at $41.26.

Citigroup reiterated their Buy stance on April 19, and increased their price target on NUS stock from $38 to $45. This corresponds to a 9.06% upside from the last closing price. On the date of report, the stock closed at $39.94.

Another research firm was Stifel Nicolaus who reiterated their Sell stance on February 12. Stifel Nicolaus decreased price target from $31 to $22. This translates to a 46.68% downside from the last closing price. On the date of report, the stock closed at $28.52.

Company snapshot

Nu Skin Enterprises, Inc. is a global direct selling company. The Company distributes premium quality personal care products and nutritional supplements. Nu Skin markets its products in the Americas, Europe, and the Asia Pacific region. The Company provides marketing and distribution of technology-based products through Big Planet, Inc.

Nu Skin Enterprises Inc (NYSE:NUS): Can It Move Higher? was last modified: June 6th, 2016 by Steven Finley