Nature’s Sunshine Products (NASDAQ:NATR) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Nature’s Sunshine Products (NASDAQ:NATR) in a research note released on Monday,Benzinga reports. DA Davidson currently has a $33.00 price target on the stock.

NATR has been the topic of several other reports. Canaccord Genuity Group set a $37.00 price target on Nature’s Sunshine Products in a research report on Friday. 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $35.00.

Nature’s Sunshine Products Stock Performance

Shares of NATR stock opened at $22.18 on Monday. Nature’s Sunshine Products has a 1 year low of $12.97 and a 1 year high of $28.14. The stock has a market cap of $389.92 million, a PE ratio of 20.16 and a beta of 0.95. The business’s fifty day moving average is $25.48 and its 200-day moving average is $23.10.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings results 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. Nature’s Sunshine Products had a return on equity of 14.74% and a net margin of 4.06%.The company had revenue of $122.89 million for the quarter, compared to analysts’ expectations of $122.15 million.

Insider Transactions at Nature’s Sunshine Products

In other news, CAO Jonathan David Lanoy sold 4,000 shares of the firm’s 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 completion of the sale, the chief accounting officer owned 46,405 shares of the company’s stock, valued at $1,146,203.50. This trade represents a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the executive vice president directly owned 85,154 shares of the company’s stock, valued at approximately $2,073,499.90. This trade represents a 18.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,899 shares of company stock valued at $951,206 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Nature’s Sunshine Products

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in shares of Nature’s Sunshine Products in the fourth quarter worth $31,000. CWM LLC boosted its position in shares of Nature’s Sunshine Products by 147.0% in the third quarter. CWM LLC now owns 2,075 shares of the company’s stock worth $32,000 after buying an additional 1,235 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Nature’s Sunshine Products in the first quarter worth $37,000. Raymond James Financial Inc. acquired a new stake in shares of Nature’s Sunshine Products in the second quarter worth $37,000. Finally, Clearstead Advisors LLC boosted its position in shares of Nature’s Sunshine Products by 16,025.0% in the fourth quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock worth $42,000 after buying an additional 1,923 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.