Nature’s Sunshine Products (NASDAQ:NATR) Share Price Passes Below 200 Day Moving Average – What’s Next?

Nature’s Sunshine Products, Inc. (NASDAQ:NATR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.81 and traded as low as $19.73. Nature’s Sunshine Products shares last traded at $19.76, with a volume of 104,963 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NATR. Weiss Ratings downgraded Nature’s Sunshine Products from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of Nature’s Sunshine Products in a report on Monday, May 11th. Finally, Canaccord Genuity Group set a $37.00 price target on Nature’s Sunshine Products in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Nature’s Sunshine Products currently has a consensus rating of “Buy” and an average target price of $35.00.

Nature’s Sunshine Products Price Performance

The business has a 50-day simple moving average of $23.91 and a 200 day simple moving average of $23.82. The firm has a market cap of $359.86 million, a PE ratio of 18.61 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 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $122.89 million during the quarter, compared to analysts’ expectations of $122.15 million. Nature’s Sunshine Products had a return on equity of 14.67% and a net margin of 4.06%.

Insider Buying and Selling

In other Nature’s Sunshine Products news, EVP Nathan G. Brower sold 12,015 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $21.84, for a total value of $262,407.60. Following the completion of the sale, the executive vice president owned 43,438 shares in the company, valued at $948,685.92. This represents a 21.67% decrease in their ownership of the stock. The sale was disclosed in a 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 stock was sold at an average price of $24.35, for a total value of $475,214.60. Following the completion of the sale, the executive vice president owned 85,154 shares of the company’s stock, valued at approximately $2,073,499.90. The trade was a 18.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 60,627 shares of company stock worth $1,414,090. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Nature’s Sunshine Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Nature’s Sunshine Products by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 913,791 shares of the company’s stock worth $14,181,000 after purchasing an additional 20,037 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Nature’s Sunshine Products by 15.3% during the third quarter. Vanguard Group Inc. now owns 803,104 shares of the company’s stock worth $12,464,000 after purchasing an additional 106,688 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of Nature’s Sunshine Products by 14.6% during the third quarter. Kennedy Capital Management LLC now owns 675,764 shares of the company’s stock worth $10,488,000 after purchasing an additional 86,128 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Nature’s Sunshine Products by 1.5% during the first quarter. Renaissance Technologies LLC now owns 531,924 shares of the company’s stock worth $12,761,000 after purchasing an additional 7,827 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Nature’s Sunshine Products by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 360,546 shares of the company’s stock worth $7,782,000 after purchasing an additional 1,980 shares in the last quarter. 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.