Nature’s Sunshine Products (NASDAQ:NATR) Price Target Raised to $29.00

Nature’s Sunshine Products (NASDAQ:NATR) had its price target hoisted by equities researchers at Canaccord Genuity Group from $22.00 to $29.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 12.67% from the stock’s current price.

A number of other research firms have also weighed in on NATR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nature’s Sunshine Products in a research note on Monday, December 29th. DA Davidson increased their price objective on shares of Nature’s Sunshine Products from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.00.

Nature’s Sunshine Products Price Performance

Shares of NATR stock traded up $0.61 during mid-day trading on Tuesday, hitting $25.74. The stock had a trading volume of 44,894 shares, compared to its average volume of 123,216. Nature’s Sunshine Products has a 12-month low of $11.01 and a 12-month high of $28.14. The firm’s 50-day moving average is $24.83 and its two-hundred day moving average is $20.28. The firm has a market capitalization of $450.43 million, a P/E ratio of 31.58 and a beta of 0.93.

Insider Transactions at Nature’s Sunshine Products

In other news, EVP Bryant J. Yates sold 1,700 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $22.29, for a total transaction of $37,893.00. Following the transaction, the executive vice president directly owned 98,604 shares of the company’s stock, valued at approximately $2,197,883.16. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in Nature’s Sunshine Products by 1.7% in the fourth quarter. First Trust Advisors LP now owns 44,803 shares of the company’s stock valued at $967,000 after buying an additional 736 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Nature’s Sunshine Products by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 54,008 shares of the company’s stock worth $799,000 after acquiring an additional 753 shares during the last quarter. R Squared Ltd increased its holdings in shares of Nature’s Sunshine Products by 9.2% during the fourth quarter. R Squared Ltd now owns 14,248 shares of the company’s stock valued at $307,000 after acquiring an additional 1,199 shares in the last quarter. CWM LLC raised its position 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. Finally, Strs Ohio raised its position in shares of Nature’s Sunshine Products by 4.2% in the 3rd quarter. Strs Ohio now owns 35,100 shares of the company’s stock valued at $545,000 after purchasing an additional 1,400 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.