Nature’s Sunshine Products’ (NATR) Buy Rating Reiterated at DA Davidson

Nature’s Sunshine Products (NASDAQ:NATR)‘s stock had its “buy” rating restated by DA Davidson in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $33.00 target price on the stock. DA Davidson’s target price points to a potential upside of 49.16% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group set a $37.00 price target on Nature’s Sunshine Products in a research note on Friday. Weiss Ratings upgraded shares of Nature’s Sunshine Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $35.00.

Nature’s Sunshine Products Price Performance

NASDAQ NATR traded down $2.11 during trading hours on Monday, reaching $22.12. The company’s stock had a trading volume of 71,169 shares, compared to its average volume of 114,502. Nature’s Sunshine Products has a 52 week low of $12.97 and a 52 week high of $28.14. The stock has a market cap of $387.35 million, a P/E ratio of 20.04 and a beta of 0.95. The firm has a fifty day simple moving average of $25.65 and a 200-day simple moving average of $22.97.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly 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 company had revenue of $122.89 million for the quarter, compared to analyst estimates of $122.15 million. Nature’s Sunshine Products had a net margin of 4.06% and a return on equity of 14.74%.

Insider Buying and Selling

In related news, EVP Bryant J. Yates sold 19,516 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $24.35, for a total value of $475,214.60. Following the completion of the sale, the executive vice president directly owned 85,154 shares of the company’s stock, valued at $2,073,499.90. The trade was a 18.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jonathan David Lanoy sold 4,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $24.70, for a total value of $98,800.00. Following the completion of the transaction, the chief accounting officer owned 46,405 shares in the company, valued at approximately $1,146,203.50. The trade was a 7.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,899 shares of company stock valued at $951,206 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NATR. First Trust Advisors LP grew its holdings in shares of Nature’s Sunshine Products by 1.7% during the fourth quarter. First Trust Advisors LP now owns 44,803 shares of the company’s stock valued at $967,000 after buying an additional 736 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Nature’s Sunshine Products by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 54,008 shares of the company’s stock worth $799,000 after purchasing an additional 753 shares during the last quarter. R Squared Ltd boosted its position in shares of Nature’s Sunshine Products by 7.7% during the first quarter. R Squared Ltd now owns 15,340 shares of the company’s stock valued at $368,000 after buying an additional 1,092 shares during the last quarter. 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 worth $32,000 after buying an additional 1,235 shares in the last quarter. Finally, Strs Ohio raised its position in Nature’s Sunshine Products by 4.2% in the 3rd quarter. Strs Ohio now owns 35,100 shares of the company’s stock valued at $545,000 after buying an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Nature’s Sunshine Products Company Profile

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.