Nature’s Sunshine Products, Inc. (NASDAQ:NATR – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.78 and traded as low as $20.50. Nature’s Sunshine Products shares last traded at $20.86, with a volume of 135,707 shares trading hands.
Analyst Ratings Changes
Several research firms have recently commented on NATR. Weiss Ratings downgraded Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. DA Davidson restated a “buy” rating and set a $33.00 target price on shares of Nature’s Sunshine Products in a report on Monday, May 11th. Finally, Canaccord Genuity Group set a $37.00 price target on Nature’s Sunshine Products in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.00.
Read Our Latest Analysis on NATR
Nature’s Sunshine Products Price Performance
Nature’s Sunshine Products (NASDAQ:NATR – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $122.89 million during the quarter, compared to analyst estimates of $122.15 million. Nature’s Sunshine Products had a return on equity of 14.67% and a net margin of 4.06%.
Insiders Place Their Bets
In related news, EVP Daniel C. Norman sold 9,713 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $20.64, for a total value of $200,476.32. Following the completion of the sale, the executive vice president owned 47,276 shares of the company’s stock, valued at $975,776.64. This trade represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kevin R. Herbert sold 2,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $20.68, for a total transaction of $41,360.00. Following the transaction, the executive vice president directly owned 48,866 shares in the company, valued at approximately $1,010,548.88. The trade was a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 35,696 shares of company stock worth $742,407. Insiders own 3.10% of the company’s stock.
Institutional Trading of Nature’s Sunshine Products
Several large investors have recently bought and sold shares of NATR. Hillsdale Investment Management Inc. grew its position in shares of Nature’s Sunshine Products by 28.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 219,470 shares of the company’s stock worth $4,736,000 after buying an additional 48,666 shares during the period. Punch & Associates Investment Management Inc. lifted its position in Nature’s Sunshine Products by 9.0% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 340,000 shares of the company’s stock valued at $7,337,000 after acquiring an additional 28,000 shares during the period. Ritholtz Wealth Management boosted its stake in Nature’s Sunshine Products by 62.7% during the first quarter. Ritholtz Wealth Management now owns 24,323 shares of the company’s stock worth $584,000 after acquiring an additional 9,372 shares in the last quarter. Aristides Capital LLC boosted its stake in Nature’s Sunshine Products by 11.4% during the fourth quarter. Aristides Capital LLC now owns 40,907 shares of the company’s stock worth $883,000 after acquiring an additional 4,184 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Nature’s Sunshine Products in the fourth quarter worth about $201,000. 79.40% of the stock is owned by institutional investors.
Nature’s Sunshine Products Company Profile
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.
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