Key Points
- EVP Daniel Norman sold 9,713 shares of Nature's Sunshine Products at an average price of $20.64, totaling about $200,476, and his ownership fell by 17.04% to 47,276 shares.
- The stock was down 4.5% and opened at $19.90, well below its 50-day moving average of $24.30 and 200-day moving average of $23.83.
- Nature's Sunshine reported better-than-expected quarterly results, with EPS of $0.30 versus $0.20 expected and revenue of $122.89 million slightly above estimates.
Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) EVP Daniel Norman sold 9,713 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $20.64, for a total value of $200,476.32. Following the sale, the executive vice president owned 47,276 shares of the company's stock, valued at approximately $975,776.64. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Nature's Sunshine Products Stock Down 4.5%
Nature's Sunshine Products stock opened at $19.90 on Thursday. Nature's Sunshine Products, Inc. has a 12-month low of $12.97 and a 12-month high of $28.14. The business's 50-day moving average price is $24.30 and its two-hundred day moving average price is $23.83. The stock has a market cap of $349.84 million, a PE ratio of 18.09 and a beta of 0.86.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.10. The firm had revenue of $122.89 million during the quarter, compared to analysts' expectations of $122.15 million. Nature's Sunshine Products had a net margin of 4.06% and a return on equity of 14.67%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NATR. Weiss Ratings cut shares of Nature's Sunshine Products from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, May 26th. DA Davidson reissued a "buy" rating and set a $33.00 price objective on shares of Nature's Sunshine Products in a report on Monday, May 11th. Finally, Canaccord Genuity Group set a $37.00 price objective on Nature's Sunshine Products in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $35.00.
Get Our Latest Analysis on Nature's Sunshine Products
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Nature's Sunshine Products during the 4th quarter worth approximately $31,000. New York State Teachers Retirement System bought a new position in shares of Nature's Sunshine Products during the first quarter valued at $37,000. Clearstead Advisors LLC lifted its holdings in shares of Nature's Sunshine Products by 16,025.0% during the fourth quarter. Clearstead Advisors LLC now owns 1,935 shares of the company's stock worth $42,000 after purchasing an additional 1,923 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Nature's Sunshine Products in the first quarter worth $48,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Nature's Sunshine Products in the second quarter worth $37,000. Institutional investors own 79.40% of the company's stock.
About Nature's Sunshine Products
(
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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