Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) CAO Jonathan David Lanoy sold 4,000 shares of Nature's Sunshine Products stock in a transaction dated 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 transaction, the chief accounting officer directly owned 46,405 shares of the company's stock, valued at approximately $1,146,203.50. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Nature's Sunshine Products Price Performance
Shares of NASDAQ:NATR opened at $24.33 on Tuesday. Nature's Sunshine Products, Inc. has a 1 year low of $11.01 and a 1 year high of $28.14. The business's 50-day moving average is $25.16 and its 200-day moving average is $20.57. The company has a market capitalization of $426.02 million, a price-to-earnings ratio of 22.95 and a beta of 0.93.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.19 by $0.11. The business had revenue of $123.81 million during the quarter, compared to analysts' expectations of $121.62 million. Nature's Sunshine Products had a return on equity of 14.36% and a net margin of 4.07%.
Institutional Investors Weigh In On Nature's Sunshine Products
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Nature's Sunshine Products in the 4th quarter valued at about $31,000. Clearstead Advisors LLC increased its holdings in Nature's Sunshine Products by 16,025.0% during the 4th quarter. Clearstead Advisors LLC now owns 1,935 shares of the company's stock worth $42,000 after purchasing an additional 1,923 shares in the last quarter. MTM Investment Management LLC purchased a new stake in shares of Nature's Sunshine Products in the second quarter worth approximately $30,000. CWM LLC raised its stake 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 purchasing an additional 1,235 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Nature's Sunshine Products in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 79.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Nature's Sunshine Products from $22.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, March 10th. DA Davidson increased their target price on shares of Nature's Sunshine Products from $23.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Nature's Sunshine Products in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.
View Our Latest Research Report on NATR
About Nature's Sunshine Products
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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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