Key Points
- Major shareholder Prescott Group Capital Management bought 96,000 Nature’s Sunshine shares at an average $16.63 per share, investing approximately $1.60 million and increasing its ownership by 5.37% to 1.88 million shares. The firm also made two additional purchases totaling 45,389 shares.
- Nature’s Sunshine reported quarterly EPS of $0.21, below the $0.27 consensus estimate, while revenue of $116.99 million also fell short of analysts’ $123.70 million forecast.
- Analyst sentiment remains a “Moderate Buy”, with an average price target of $30.50, although DA Davidson and Canaccord Genuity recently reduced their targets.
Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) major shareholder Prescott Group Capital Managem purchased 4,513 shares of the business's stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $16.57 per share, for a total transaction of $74,780.41. Following the transaction, the insider owned 1,787,610 shares of the company's stock, valued at $29,620,697.70. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Prescott Group Capital Managem also recently made the following trade(s):
- On Monday, August 10th, Prescott Group Capital Managem bought 40,876 shares of Nature's Sunshine Products stock. The shares were acquired at an average price of $15.84 per share, for a total transaction of $647,475.84.
- On Friday, August 7th, Prescott Group Capital Managem purchased 96,000 shares of Nature's Sunshine Products stock. The stock was acquired at an average price of $16.63 per share, with a total value of $1,596,480.00.
Nature's Sunshine Products Price Performance
Shares of NASDAQ:NATR opened at $15.77 on Tuesday. Nature's Sunshine Products, Inc. has a 1-year low of $12.97 and a 1-year high of $28.14. The stock has a market cap of $277.55 million, a P/E ratio of 15.61 and a beta of 0.88. The firm has a fifty day moving average price of $20.52 and a 200 day moving average price of $23.44.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). Nature's Sunshine Products had a net margin of 3.68% and a return on equity of 12.88%. The business had revenue of $116.99 million during the quarter, compared to analyst estimates of $123.70 million.
Wall Street Analyst Weigh In
Several research firms have commented on NATR. Canaccord Genuity Group reduced their price objective on Nature's Sunshine Products from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. DA Davidson lowered their target price on Nature's Sunshine Products from $33.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday. Wall Street Zen lowered Nature's Sunshine Products from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings downgraded Nature's Sunshine Products from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, June 9th. Two research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.50.
Get Our Latest Stock Analysis on NATR
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NATR. BlackRock Inc. acquired a new stake in Nature's Sunshine Products during the 2nd quarter valued at $21,561,000. Dimensional Fund Advisors LP raised its holdings in shares of Nature's Sunshine Products by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 913,791 shares of the company's stock worth $14,181,000 after acquiring an additional 20,037 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nature's Sunshine Products by 15.3% in the third quarter. Vanguard Group Inc. now owns 803,104 shares of the company's stock worth $12,464,000 after acquiring an additional 106,688 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Nature's Sunshine Products by 14.6% in the third quarter. Kennedy Capital Management LLC now owns 675,764 shares of the company's stock valued at $10,488,000 after acquiring an additional 86,128 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Nature's Sunshine Products by 1.5% in the first quarter. Renaissance Technologies LLC now owns 531,924 shares of the company's stock valued at $12,761,000 after acquiring an additional 7,827 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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