Nature’s Sunshine Products (NASDAQ:NATR) Announces Earnings Results, Beats Estimates By $0.11 EPS

Nature’s Sunshine Products (NASDAQ:NATR) released its earnings results on Tuesday. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11, FiscalAI reports. Nature’s Sunshine Products had a return on equity of 10.86% and a net margin of 3.18%.The company had revenue of $123.81 million for the quarter, compared to the consensus estimate of $121.62 million.

Nature’s Sunshine Products Price Performance

Shares of NATR stock traded down $0.05 during mid-day trading on Tuesday, hitting $25.08. The company had a trading volume of 134,978 shares, compared to its average volume of 125,213. The stock’s 50 day moving average price is $24.83 and its 200-day moving average price is $20.28. Nature’s Sunshine Products has a 52-week low of $11.01 and a 52-week high of $28.14. The company has a market capitalization of $438.90 million, a P/E ratio of 30.96 and a beta of 0.93.

Insiders Place Their Bets

In other Nature’s Sunshine Products news, EVP Bryant J. Yates sold 1,700 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $22.29, for a total value of $37,893.00. Following the sale, the executive vice president owned 98,604 shares in the company, valued at $2,197,883.16. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Nature’s Sunshine Products

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in Nature’s Sunshine Products during the fourth quarter valued at approximately $232,000. Heron Bay Capital Management bought a new stake in Nature’s Sunshine Products in the 4th quarter worth approximately $275,000. NewEdge Advisors LLC increased its stake in Nature’s Sunshine Products by 2,113.6% in the 3rd quarter. NewEdge Advisors LLC now owns 15,606 shares of the company’s stock worth $242,000 after acquiring an additional 14,901 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Nature’s Sunshine Products during the 3rd quarter worth approximately $210,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Nature’s Sunshine Products during the 3rd quarter worth approximately $195,000. 79.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on NATR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Nature’s Sunshine Products in a research report on Monday, December 29th. DA Davidson lifted their price objective on Nature’s Sunshine Products from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Canaccord Genuity Group boosted their price objective on Nature’s Sunshine Products from $22.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nature’s Sunshine Products presently has an average rating of “Moderate Buy” and an average target price of $26.00.

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.