Nature’s Sunshine Products (NASDAQ:NATR) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.88 and traded as high as $27.50. Nature’s Sunshine Products shares last traded at $27.34, with a volume of 90,848 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on NATR shares. Canaccord Genuity Group lifted their target price on shares of Nature’s Sunshine Products from $22.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. DA Davidson increased their price target on shares of Nature’s Sunshine Products from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings upgraded Nature’s Sunshine Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $31.00.

Nature’s Sunshine Products Stock Performance

The stock’s fifty day moving average price is $25.62 and its 200-day moving average price is $21.93. The firm has a market cap of $478.72 million, a PE ratio of 25.79 and a beta of 0.92.

Nature’s Sunshine Products (NASDAQ:NATR) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.11. The firm had revenue of $123.81 million for the quarter, compared to the consensus estimate of $121.62 million. Nature’s Sunshine Products had a net margin of 4.07% and a return on equity of 14.36%.

Insider Buying and Selling

In other news, EVP Bryant J. Yates sold 19,516 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $24.35, for a total value of $475,214.60. Following the completion of the transaction, the executive vice president owned 85,154 shares in the company, valued at $2,073,499.90. This trade represents a 18.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jonathan David Lanoy sold 4,000 shares of Nature’s Sunshine Products stock in a transaction on Friday, March 13th. The stock was sold at an average price of $24.70, for a total value of $98,800.00. Following the transaction, the chief accounting officer directly owned 46,405 shares of the company’s stock, valued at $1,146,203.50. This trade represents a 7.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 38,899 shares of company stock valued at $951,206. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Nature’s Sunshine Products

Several hedge funds have recently added to or reduced their stakes in NATR. Dimensional Fund Advisors LP grew its position in shares of Nature’s Sunshine Products by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 913,791 shares of the company’s stock valued at $14,181,000 after purchasing an additional 20,037 shares during the last quarter. Vanguard Group Inc. grew its holdings in Nature’s Sunshine Products by 15.3% during the 3rd quarter. Vanguard Group Inc. now owns 803,104 shares of the company’s stock valued at $12,464,000 after buying an additional 106,688 shares during the last quarter. Kennedy Capital Management LLC increased its position in Nature’s Sunshine Products by 14.6% during the third quarter. Kennedy Capital Management LLC now owns 675,764 shares of the company’s stock worth $10,488,000 after buying an additional 86,128 shares in the last quarter. Renaissance Technologies LLC increased its position in Nature’s Sunshine Products by 3.3% during the fourth quarter. Renaissance Technologies LLC now owns 524,097 shares of the company’s stock worth $11,310,000 after buying an additional 16,900 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nature’s Sunshine Products by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 360,546 shares of the company’s stock worth $7,782,000 after acquiring an additional 1,980 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

About Nature’s Sunshine Products

Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.

The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.