Punch & Associates Investment Management Inc. grew its position in shares of Nature’s Sunshine Products, Inc. (NASDAQ:NATR – Free Report) by 9.0% during the fourth quarter, Holdings Channel reports. The firm owned 340,000 shares of the company’s stock after acquiring an additional 28,000 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Nature’s Sunshine Products were worth $7,337,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in NATR. Boston Partners acquired a new position in Nature’s Sunshine Products during the fourth quarter worth $4,544,000. Manatuck Hill Partners LLC acquired a new position in Nature’s Sunshine Products during the second quarter worth $1,923,000. Vanguard Group Inc. lifted its stake in Nature’s Sunshine Products by 15.3% during the third quarter. Vanguard Group Inc. now owns 803,104 shares of the company’s stock worth $12,464,000 after purchasing an additional 106,688 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Nature’s Sunshine Products by 107.9% during the third quarter. Hillsdale Investment Management Inc. now owns 170,804 shares of the company’s stock worth $2,651,000 after purchasing an additional 88,657 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its stake 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 purchasing an additional 86,128 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on NATR. Weiss Ratings cut Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Canaccord Genuity Group set a $37.00 price target on Nature’s Sunshine Products in a research note on Friday, May 8th. Finally, DA Davidson restated a “buy” rating and set a $33.00 price target on shares of Nature’s Sunshine Products in a research note on Monday, May 11th. 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, Nature’s Sunshine Products presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.
Nature’s Sunshine Products Price Performance
Shares of NASDAQ NATR opened at $20.08 on Wednesday. The company has a market cap of $353.11 million, a price-to-earnings ratio of 18.25 and a beta of 0.86. The stock’s 50-day moving average is $23.60 and its two-hundred day moving average is $23.80. Nature’s Sunshine Products, Inc. has a 1-year low of $12.97 and a 1-year high of $28.14.
Nature’s Sunshine Products (NASDAQ:NATR – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.10. The business had revenue of $122.89 million during the quarter, compared to analysts’ expectations of $122.15 million. Nature’s Sunshine Products had a return on equity of 14.67% and a net margin of 4.06%.
Insider Buying and Selling
In other news, EVP Kevin R. Herbert sold 2,000 shares of Nature’s Sunshine Products stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $20.68, for a total value of $41,360.00. Following the completion of the transaction, the executive vice president owned 48,866 shares in the company, valued at approximately $1,010,548.88. This trade represents a 3.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel C. Norman sold 9,713 shares of Nature’s Sunshine Products stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $20.64, for a total value of $200,476.32. Following the completion of the transaction, the executive vice president owned 47,276 shares of the company’s stock, valued at $975,776.64. The trade was a 17.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 35,696 shares of company stock worth $742,407. 3.10% of the stock is owned by corporate insiders.
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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