Nature’s Sunshine Products (NASDAQ:NATR) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Nature’s Sunshine Products (NASDAQ:NATR) from a buy rating to a hold rating in a research report report published on Sunday.

Several other analysts have also weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Finally, DA Davidson cut 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 note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Nature’s Sunshine Products Trading Down 0.3%

Shares of NASDAQ NATR opened at $14.65 on Friday. The firm has a market capitalization of $257.84 million, a price-to-earnings ratio of 14.51 and a beta of 0.88. Nature’s Sunshine Products has a one year low of $12.97 and a one year high of $28.14. The business has a fifty day simple moving average of $19.94 and a 200 day simple moving average of $23.05.

Nature’s Sunshine Products (NASDAQ:NATR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The business had revenue of $116.99 million for the quarter, compared to analyst estimates of $123.70 million. Nature’s Sunshine Products had a return on equity of 12.88% and a net margin of 3.68%.

Insider Activity

In other Nature’s Sunshine Products news, EVP Kevin R. Herbert sold 2,000 shares of Nature’s Sunshine Products stock in a transaction on Friday, June 12th. The stock was sold at an average price of $20.68, for a total transaction of $41,360.00. Following the completion of the transaction, the executive vice president directly owned 48,866 shares of the company’s stock, valued at approximately $1,010,548.88. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nathan G. Brower sold 12,015 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $21.84, for a total transaction of $262,407.60. Following the completion of the sale, the executive vice president owned 43,438 shares in the company, valued at $948,685.92. This represents a 21.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 141,389 shares of company stock valued at $2,318,736 and sold 35,696 shares valued at $742,407. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Nature’s Sunshine Products

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Nature’s Sunshine Products in the second quarter valued at approximately $21,561,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Nature’s Sunshine Products in the 2nd quarter worth approximately $7,412,000. Boston Partners bought a new stake in Nature’s Sunshine Products during the 4th quarter worth approximately $4,544,000. Manatuck Hill Partners LLC bought a new stake in Nature’s Sunshine Products during the 2nd quarter worth approximately $1,923,000. Finally, Man Group plc acquired a new stake in Nature’s Sunshine Products during the 2nd quarter valued at $2,766,000. 79.40% of the stock is owned by institutional investors.

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.