Nature’s Sunshine Products (NASDAQ:NATR) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.11 and traded as high as $24.80. Nature’s Sunshine Products shares last traded at $24.47, with a volume of 106,621 shares.

Analysts Set New Price Targets

NATR has been the subject of a number of research reports. Canaccord Genuity Group raised their target price on shares of Nature’s Sunshine Products from $22.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. DA Davidson upped their target price on Nature’s Sunshine Products from $23.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings upgraded Nature’s Sunshine Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $31.00.

Nature’s Sunshine Products Stock Performance

The stock has a market capitalization of $424.62 million, a PE ratio of 22.88 and a beta of 0.92. The firm’s 50-day simple moving average is $25.43 and its two-hundred day simple moving average is $21.14.

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

Insider Buying and Selling

In other Nature’s Sunshine Products news, CAO Jonathan David Lanoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $24.70, for a total transaction of $98,800.00. Following the completion of the sale, the chief accounting officer directly owned 46,405 shares in the company, valued at approximately $1,146,203.50. This trade represents a 7.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryant J. Yates sold 19,516 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $24.35, for a total value of $475,214.60. Following the completion of the transaction, the executive vice president owned 85,154 shares in the company, valued at $2,073,499.90. This represents a 18.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 38,899 shares of company stock valued at $951,206. Corporate insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Nature’s Sunshine Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Nature’s Sunshine Products during the 4th quarter valued at $31,000. Clearstead Advisors LLC increased its stake in shares of 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 worth $42,000 after acquiring an additional 1,923 shares during the last quarter. CWM LLC raised its holdings in shares of Nature’s Sunshine Products by 147.0% during the third quarter. CWM LLC now owns 2,075 shares of the company’s stock worth $32,000 after acquiring an additional 1,235 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nature’s Sunshine Products during the second quarter worth $37,000. Finally, SG Americas Securities LLC acquired a new stake in Nature’s Sunshine Products during the fourth quarter valued at $121,000. Hedge funds and other 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.