Key Points
- Prescott Group Capital Management bought 20,000 NATR shares at an average $14.69 each, investing $293,800 and increasing its position to 1,944,486 shares. The purchase followed several additional buys earlier in August.
- Nature’s Sunshine shares opened at $14.56, down 0.6%, and remain well below their 12-month high of $28.14. The company’s latest quarterly results missed expectations, reporting $0.21 in EPS versus $0.27 forecast and revenue of $116.99 million versus $123.70 million expected.
- Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and a $30.50 target price, although several firms recently lowered their targets or downgraded the stock. Institutional investors own approximately 79.4% of the company.
Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) major shareholder Prescott Group Capital Managem bought 20,000 shares of the firm's stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $14.69 per share, for a total transaction of $293,800.00. Following the purchase, the insider owned 1,944,486 shares of the company's stock, valued at approximately $28,564,499.34. The trade was a 1.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 purchased 40,876 shares of Nature's Sunshine Products stock. The shares were bought at an average price of $15.84 per share, with a total value 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 purchased at an average price of $16.63 per share, with a total value of $1,596,480.00.
- On Thursday, August 6th, Prescott Group Capital Managem acquired 4,513 shares of Nature's Sunshine Products stock. The shares were purchased at an average cost of $16.57 per share, for a total transaction of $74,780.41.
Nature's Sunshine Products Stock Down 0.6%
Shares of NATR stock opened at $14.56 on Thursday. Nature's Sunshine Products, Inc. has a twelve month low of $12.97 and a twelve month high of $28.14. The stock's fifty day simple moving average is $19.82 and its 200 day simple moving average is $22.98. The firm has a market capitalization of $256.26 million, a P/E ratio of 14.42 and a beta of 0.88.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.21 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $116.99 million during the quarter, compared to the consensus estimate of $123.70 million.
Wall Street Analyst Weigh In
Several research firms recently commented on NATR. Weiss Ratings downgraded shares of Nature's Sunshine Products from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday. Canaccord Genuity Group dropped their price target on shares of 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 cut their price target on shares of Nature's Sunshine Products from $33.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Finally, Wall Street Zen cut shares of Nature's Sunshine Products from a "buy" rating to a "hold" rating in a research note on Sunday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Nature's Sunshine Products presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.
Read Our Latest Stock Report on Nature's Sunshine Products
Institutional Trading of Nature's Sunshine Products
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NATR. Jefferies Financial Group Inc. bought a new position in Nature's Sunshine Products during the second quarter worth $436,000. Public Employees Retirement System of Ohio acquired a new stake in Nature's Sunshine Products during the 2nd quarter worth about $390,000. Punch & Associates Investment Management Inc. acquired a new stake in Nature's Sunshine Products during the 2nd quarter worth about $7,412,000. Bank of America Corp DE bought a new position in shares of Nature's Sunshine Products in the 2nd quarter worth about $263,000. Finally, Man Group plc acquired a new position in shares of Nature's Sunshine Products in the 2nd quarter valued at about $2,766,000. Institutional investors and hedge funds own 79.40% of the company's stock.
Nature's Sunshine Products Company Profile
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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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