Nature’s Sunshine Products (NASDAQ:NATR) Rating Increased to Strong-Buy at DA Davidson

Nature’s Sunshine Products (NASDAQ:NATR) was upgraded by equities research analysts at DA Davidson to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also weighed in on NATR. Weiss Ratings lowered Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Canaccord Genuity Group set a $37.00 price target on shares of Nature’s Sunshine Products in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $35.00.

Nature’s Sunshine Products Price Performance

Shares of NATR traded up $0.14 during mid-day trading on Monday, reaching $21.80. 1,121 shares of the company’s stock traded hands, compared to its average volume of 123,120. The stock has a market cap of $383.33 million, a P/E ratio of 19.82 and a beta of 0.87. The stock’s 50-day moving average is $22.06 and its two-hundred day moving average is $23.75. Nature’s Sunshine Products has a 12 month low of $12.97 and a 12 month high of $28.14.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.10. Nature’s Sunshine Products had a return on equity of 14.67% and a net margin of 4.06%.The firm had revenue of $122.89 million for the quarter, compared to the consensus estimate of $122.15 million.

Insider Transactions at Nature’s Sunshine Products

In other Nature’s Sunshine Products news, EVP Daniel C. Norman sold 9,713 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $20.64, for a total value of $200,476.32. Following the completion of the sale, the executive vice president directly owned 47,276 shares in the company, valued at approximately $975,776.64. This represents a 17.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin R. Herbert sold 2,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $20.68, for a total value of $41,360.00. Following the transaction, the executive vice president directly owned 48,866 shares in the company, valued at $1,010,548.88. The trade was a 3.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 35,696 shares of company stock valued at $742,407. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in Nature’s Sunshine Products during the 4th quarter valued at about $31,000. New York State Teachers Retirement System purchased a new stake in shares of Nature’s Sunshine Products in the 1st quarter worth approximately $37,000. Raymond James Financial Inc. purchased a new stake in shares of Nature’s Sunshine Products in the 2nd quarter worth approximately $37,000. Clearstead Advisors LLC boosted its stake in shares of Nature’s Sunshine Products by 16,025.0% during the fourth quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock valued at $42,000 after purchasing an additional 1,923 shares in the last quarter. Finally, McIlrath & Eck LLC purchased a new position in Nature’s Sunshine Products during the first quarter valued at approximately $48,000. 79.40% of the stock is currently owned by institutional investors.

About Nature’s Sunshine Products

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.