Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) EVP Daniel Norman sold 15,383 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $24.52, for a total transaction of $377,191.16. Following the transaction, the executive vice president owned 55,693 shares in the company, valued at approximately $1,365,592.36. This trade represents a 21.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nature's Sunshine Products Trading Down 1.4%
Shares of NATR stock opened at $23.99 on Wednesday. Nature's Sunshine Products, Inc. has a 12-month low of $11.01 and a 12-month high of $28.14. The stock has a market capitalization of $420.06 million, a P/E ratio of 22.63 and a beta of 0.94. The firm's 50 day moving average is $25.22 and its 200 day moving average is $20.62.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.11. The business had revenue of $123.81 million during the quarter, compared to analyst estimates of $121.62 million. Nature's Sunshine Products had a net margin of 4.07% and a return on equity of 14.36%.
Analysts Set New Price Targets
A number of research firms recently commented on NATR. Weiss Ratings reiterated a "hold (c+)" rating on shares of Nature's Sunshine Products in a research report on Monday, December 29th. Canaccord Genuity Group boosted their price target on 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. Finally, DA Davidson upped their price target on shares of Nature's Sunshine Products from $23.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.00.
View Our Latest Stock Analysis on NATR
Institutional Investors Weigh In On Nature's Sunshine Products
Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP raised its holdings in Nature's Sunshine Products by 1.7% in the 4th quarter. First Trust Advisors LP now owns 44,803 shares of the company's stock worth $967,000 after purchasing an additional 736 shares during the period. Ameriprise Financial Inc. lifted its position in Nature's Sunshine Products by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 54,008 shares of the company's stock valued at $799,000 after purchasing an additional 753 shares in the last quarter. R Squared Ltd grew its holdings in Nature's Sunshine Products by 9.2% during the fourth quarter. R Squared Ltd now owns 14,248 shares of the company's stock valued at $307,000 after purchasing an additional 1,199 shares during the period. CWM LLC grew its holdings in Nature's Sunshine Products by 147.0% during the third quarter. CWM LLC now owns 2,075 shares of the company's stock valued at $32,000 after purchasing an additional 1,235 shares during the period. Finally, Strs Ohio increased its position in Nature's Sunshine Products by 4.2% in the third quarter. Strs Ohio now owns 35,100 shares of the company's stock worth $545,000 after buying an additional 1,400 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.
About Nature's Sunshine Products
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Get Free Report)
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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