Key Points
- Major shareholder Prescott Group Capital Management bought 291,666 shares at an average of $9.77 each, a purchase worth about $2.85 million that increased its position by 15% to 2.24 million shares.
- Nature’s Sunshine reported quarterly EPS of $0.14, below the $0.25 consensus estimate, while revenue of $116.6 million also fell short of analysts’ $129.5 million forecast.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $25; the shares opened at $11.02 and had recently traded well below their 52-week high of $28.14.
Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report) major shareholder Prescott Group Capital Managem acquired 291,666 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average price of $9.77 per share, with a total value of $2,849,576.82. Following the completion of the transaction, the insider directly owned 2,236,152 shares of the company's stock, valued at $21,847,205.04. This trade represents a 15.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Prescott Group Capital Managem also recently made the following trade(s):
- On Monday, August 17th, Prescott Group Capital Managem bought 20,000 shares of Nature's Sunshine Products stock. The shares were acquired at an average cost of $14.69 per share, with a total value of $293,800.00.
Nature's Sunshine Products Stock Up 1.4%
NASDAQ:NATR opened at $11.02 on Tuesday. Nature's Sunshine Products, Inc. has a 52 week low of $9.38 and a 52 week high of $28.14. The company has a market capitalization of $193.95 million, a P/E ratio of 13.52 and a beta of 0.80. The stock's fifty day moving average is $12.75 and its two-hundred day moving average is $20.16.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.11). The business had revenue of $116.60 million during the quarter, compared to analyst estimates of $129.51 million. Nature's Sunshine Products had a net margin of 3.05% and a return on equity of 10.51%.
Institutional Trading of Nature's Sunshine Products
Several institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. grew its stake in shares of Nature's Sunshine Products by 44.4% in the first quarter. Hillsdale Investment Management Inc. now owns 316,867 shares of the company's stock valued at $7,602,000 after buying an additional 97,397 shares in the last quarter. BlackRock Inc. acquired a new position in Nature's Sunshine Products during the 2nd quarter worth about $21,561,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Nature's Sunshine Products during the 2nd quarter worth about $2,366,000. Skylands Capital LLC lifted its stake in Nature's Sunshine Products by 1,034.4% during the 3rd quarter. Skylands Capital LLC now owns 179,509 shares of the company's stock worth $2,278,000 after acquiring an additional 163,685 shares in the last quarter. Finally, Man Group plc purchased a new position in Nature's Sunshine Products during the 2nd quarter valued at about $2,766,000. Institutional investors and hedge funds own 79.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on NATR. Canaccord Genuity Group decreased their target price on shares of Nature's Sunshine Products from $36.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Wall Street Zen lowered shares of Nature's Sunshine Products from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Weiss Ratings cut shares of Nature's Sunshine Products from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, October 27th. Finally, DA Davidson dropped their price target on shares of Nature's Sunshine Products from $33.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.
Read Our Latest Stock Report on Nature's Sunshine Products
About Nature's Sunshine Products
(
Get Free Report)
Nature's Sunshine Products, Inc develops and sells natural health and wellness products through direct selling, e-commerce and other distribution channels. Its product portfolio includes dietary supplements, herbal supplements, vitamins, minerals, essential oils, sports nutrition products and personal-care items.
The company markets products primarily under the Nature's Sunshine and Synergy WorldWide brands. Nature's Sunshine focuses on nutritional and herbal wellness products, while Synergy offers supplements and performance-oriented nutrition products.
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