DA Davidson Increases Nature’s Sunshine Products (NASDAQ:NATR) Price Target to $33.00

Nature’s Sunshine Products (NASDAQ:NATR) had its price objective increased by investment analysts at DA Davidson from $23.00 to $33.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 33.01% from the company’s previous close.

A number of other research firms have also recently weighed in on NATR. Canaccord Genuity Group upped their price objective on shares of Nature’s Sunshine Products from $22.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Nature’s Sunshine Products in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Nature’s Sunshine Products Trading Up 0.2%

NATR traded up $0.05 during trading on Thursday, hitting $24.81. 68,958 shares of the company’s stock were exchanged, compared to its average volume of 124,808. The stock has a 50 day moving average price of $24.96 and a 200 day moving average price of $20.37. Nature’s Sunshine Products has a 1 year low of $11.01 and a 1 year high of $28.14. The firm has a market cap of $434.18 million, a P/E ratio of 23.41 and a beta of 0.94.

Nature’s Sunshine Products (NASDAQ:NATR) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.19 by $0.11. Nature’s Sunshine Products had a return on equity of 14.27% and a net margin of 4.07%.The company had revenue of $123.81 million for the quarter, compared to analyst estimates of $121.62 million.

Insider Activity at Nature’s Sunshine Products

In related news, EVP Bryant J. Yates sold 1,700 shares of Nature’s Sunshine Products stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $22.29, for a total value of $37,893.00. Following the completion of the transaction, the executive vice president directly owned 98,604 shares in the company, valued at approximately $2,197,883.16. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.70% of the company’s stock.

Institutional Trading of Nature’s Sunshine Products

Institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its stake in Nature’s Sunshine Products by 107.9% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 170,804 shares of the company’s stock worth $2,651,000 after buying an additional 88,657 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Nature’s Sunshine Products by 17.9% in the second quarter. Acadian Asset Management LLC now owns 558,169 shares of the company’s stock valued at $8,241,000 after buying an additional 84,636 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Nature’s Sunshine Products during the second quarter valued at $5,176,000. SummerHaven Investment Management LLC acquired a new position in shares of Nature’s Sunshine Products during the third quarter valued at $843,000. Finally, Aristides Capital LLC bought a new position in shares of Nature’s Sunshine Products during the second quarter worth about $370,000. Institutional investors and hedge funds 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.