Kevin Herbert Sells 2,000 Shares of Nature’s Sunshine Products (NASDAQ:NATR) Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) EVP Kevin Herbert sold 2,000 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 48,866 shares in the company, valued at approximately $1,010,548.88. This represents a 3.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nature’s Sunshine Products Price Performance

Shares of NASDAQ:NATR traded down $0.47 during midday trading on Monday, reaching $20.04. The company’s stock had a trading volume of 136,943 shares, compared to its average volume of 120,488. The business’s fifty day simple moving average is $23.76 and its 200-day simple moving average is $23.81. Nature’s Sunshine Products, Inc. has a fifty-two week low of $12.97 and a fifty-two week high of $28.14. The company has a market capitalization of $352.30 million, a P/E ratio of 18.22 and a beta of 0.86.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on NATR. Weiss Ratings lowered shares of Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of Nature’s Sunshine Products in a research report on Monday, May 11th. Finally, Canaccord Genuity Group set a $37.00 target price on Nature’s Sunshine Products in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NATR. Boston Partners bought a new stake in shares of Nature’s Sunshine Products during the fourth quarter worth approximately $4,544,000. Manatuck Hill Partners LLC bought a new position in Nature’s Sunshine Products in the second quarter valued at approximately $1,923,000. Arrowstreet Capital Limited Partnership boosted its stake in Nature’s Sunshine Products by 268.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 171,850 shares of the company’s stock valued at $4,123,000 after acquiring an additional 125,264 shares during the last quarter. Vanguard Group Inc. grew its holdings in Nature’s Sunshine Products by 15.3% during the 3rd quarter. Vanguard Group Inc. now owns 803,104 shares of the company’s stock worth $12,464,000 after acquiring an additional 106,688 shares during the period. Finally, Hillsdale Investment Management Inc. raised its position in shares of Nature’s Sunshine Products by 44.4% during the 1st quarter. Hillsdale Investment Management Inc. now owns 316,867 shares of the company’s stock valued at $7,602,000 after acquiring an additional 97,397 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.