Nature’s Sunshine Products (NASDAQ:NATR – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.
Several other research analysts have also issued reports on NATR. Weiss Ratings lowered Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. DA Davidson reduced their target price on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Canaccord Genuity Group reduced their target price on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.50.
Read Our Latest Stock Analysis on NATR
Nature’s Sunshine Products Trading Down 2.8%
Nature’s Sunshine Products (NASDAQ:NATR – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $116.99 million during the quarter, compared to analyst estimates of $123.70 million. Nature’s Sunshine Products had a return on equity of 12.88% and a net margin of 3.68%.
Insider Buying and Selling
In other news, EVP Kevin R. Herbert sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $20.68, for a total value of $41,360.00. Following the transaction, the executive vice president directly owned 48,866 shares of the company’s stock, valued at $1,010,548.88. The trade was a 3.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Prescott Group Capital Managem purchased 96,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $16.63 per share, for a total transaction of $1,596,480.00. Following the completion of the transaction, the insider owned 1,883,610 shares in the company, valued at $31,324,434.30. The trade was a 5.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 141,389 shares of company stock valued at $2,318,736 and have sold 35,696 shares valued at $742,407. 3.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Nature’s Sunshine Products
Institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new stake in shares of Nature’s Sunshine Products during the second quarter worth $436,000. Public Employees Retirement System of Ohio bought a new position in shares of Nature’s Sunshine Products in the second quarter valued at about $390,000. Punch & Associates Investment Management Inc. bought a new position in shares of Nature’s Sunshine Products in the second quarter valued at about $7,412,000. Bank of America Corp DE acquired a new position in Nature’s Sunshine Products during the 2nd quarter worth about $263,000. Finally, Man Group plc acquired a new position in Nature’s Sunshine Products during the 2nd quarter worth about $2,766,000. Institutional investors and hedge funds own 79.40% of the company’s stock.
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.
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