Insider Selling: Nature’s Sunshine Products (NASDAQ:NATR) EVP Sells 15,383 Shares of Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) EVP Daniel Norman sold 15,383 shares of Nature’s Sunshine Products stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $24.52, for a total transaction of $377,191.16. Following the transaction, the executive vice president owned 55,693 shares of the company’s stock, valued at approximately $1,365,592.36. The trade was a 21.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nature’s Sunshine Products Trading Down 1.4%

Shares of NATR stock traded down $0.34 during trading hours on Tuesday, hitting $23.99. The company’s stock had a trading volume of 113,496 shares, compared to its average volume of 130,980. The business has a fifty day moving average of $25.16 and a 200-day moving average of $20.57. Nature’s Sunshine Products, Inc. has a twelve month low of $11.01 and a twelve month high of $28.14. The stock has a market cap of $420.02 million, a price-to-earnings ratio of 22.63 and a beta of 0.93.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $123.81 million during the quarter, compared to the consensus estimate of $121.62 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in shares of Nature’s Sunshine Products during the fourth quarter worth $31,000. Clearstead Advisors LLC grew its holdings in Nature’s Sunshine Products by 16,025.0% in the 4th quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock valued at $42,000 after buying an additional 1,923 shares during the period. MTM Investment Management LLC acquired a new stake in shares of Nature’s Sunshine Products in the second quarter worth approximately $30,000. CWM LLC grew its holdings in Nature’s Sunshine Products by 147.0% in the third 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 period. Finally, Raymond James Financial Inc. purchased a new stake in Nature’s Sunshine Products in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NATR. Weiss Ratings restated a “hold (c+)” rating on shares of Nature’s Sunshine Products in a research report on Monday, December 29th. Canaccord Genuity Group lifted their price objective on Nature’s Sunshine Products from $22.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, DA Davidson boosted their target price on shares of Nature’s Sunshine Products from $23.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.00.

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.