Nature’s Sunshine Products (NASDAQ:NATR) Price Target Raised to $33.00 at DA Davidson

Nature’s Sunshine Products (NASDAQ:NATR) had its price target increased by DA Davidson from $23.00 to $33.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 33.01% from the stock’s previous close.

A number of other analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nature’s Sunshine Products in a research note on Monday, December 29th. Canaccord Genuity Group boosted their target price on shares of Nature’s Sunshine Products from $22.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Nature’s Sunshine Products Stock Up 0.2%

Shares of NATR traded up $0.05 during mid-day trading on Thursday, reaching $24.81. 68,958 shares of the company’s stock were exchanged, compared to its average volume of 124,808. Nature’s Sunshine Products has a 52-week low of $11.01 and a 52-week high of $28.14. The company has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $20.37. The company has a market cap of $434.18 million, a price-to-earnings ratio of 23.41 and a beta of 0.94.

Nature’s Sunshine Products (NASDAQ:NATR) last announced 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. The firm had revenue of $123.81 million for the quarter, compared to analysts’ expectations of $121.62 million. Nature’s Sunshine Products had a return on equity of 14.27% and a net margin of 4.07%.

Insider Activity

In other news, EVP Bryant J. Yates sold 1,700 shares of Nature’s Sunshine Products stock in a transaction on Friday, December 12th. The stock was sold at an average price of $22.29, for a total value of $37,893.00. Following the completion of the sale, the executive vice president owned 98,604 shares of the company’s stock, valued at $2,197,883.16. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.70% of the stock is owned by company insiders.

Institutional Trading of Nature’s Sunshine Products

Hedge funds have recently added to or reduced their stakes in the business. MTM Investment Management LLC purchased a new stake in Nature’s Sunshine Products in the second quarter valued at approximately $30,000. State of Alaska Department of Revenue acquired a new position in shares of Nature’s Sunshine Products in the 4th quarter valued at $31,000. CWM LLC boosted its holdings in shares of Nature’s Sunshine Products by 147.0% in the 3rd quarter. CWM LLC now owns 2,075 shares of the company’s stock valued at $32,000 after purchasing an additional 1,235 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Nature’s Sunshine Products in the 2nd quarter worth $37,000. Finally, Clearstead Advisors LLC boosted its holdings in Nature’s Sunshine Products by 16,025.0% in the fourth quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock valued at $42,000 after acquiring an additional 1,923 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

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.