Nature’s Sunshine Products (NASDAQ:NATR) Price Target Raised to $29.00

Nature’s Sunshine Products (NASDAQ:NATR) had its target price boosted by Canaccord Genuity Group from $22.00 to $29.00 in a report released on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nature’s Sunshine Products in a research report on Monday, December 29th. DA Davidson boosted their target price on Nature’s Sunshine Products from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nature’s Sunshine Products presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Nature’s Sunshine Products Stock Performance

NASDAQ NATR opened at $25.20 on Tuesday. Nature’s Sunshine Products has a 52-week low of $11.01 and a 52-week high of $28.14. The company has a fifty day moving average of $25.03 and a 200-day moving average of $20.41. The company has a market capitalization of $441 million, a P/E ratio of 23.77 and a beta of 0.94.

Nature’s Sunshine Products (NASDAQ:NATR) last released its earnings results on Tuesday, March 10th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. Nature’s Sunshine Products had a return on equity of 14.36% and a net margin of 4.07%.The business had revenue of $123.81 million for the quarter, compared to analysts’ expectations of $121.62 million.

Hedge Funds Weigh In On Nature’s Sunshine Products

Large investors have recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake 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 purchasing an additional 736 shares during the period. Ameriprise Financial Inc. grew its holdings 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 increased its stake in shares of Nature’s Sunshine Products by 9.2% in the fourth quarter. R Squared Ltd now owns 14,248 shares of the company’s stock worth $307,000 after buying an additional 1,199 shares during the period. CWM LLC raised its holdings in Nature’s Sunshine Products by 147.0% during the 3rd quarter. CWM LLC now owns 2,075 shares of the company’s stock valued at $32,000 after buying an additional 1,235 shares during the last quarter. Finally, Strs Ohio raised its holdings in Nature’s Sunshine Products by 4.2% during 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. 79.40% of the stock is owned by hedge funds and other 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.