Daniel Norman Sells 9,713 Shares of Nature’s Sunshine Products (NASDAQ:NATR) Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) EVP Daniel Norman sold 9,713 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $20.64, for a total transaction of $200,476.32. Following the completion of the sale, the executive vice president directly owned 47,276 shares in the company, valued at approximately $975,776.64. This represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nature’s Sunshine Products Stock Down 1.1%

Nature’s Sunshine Products stock opened at $19.68 on Friday. Nature’s Sunshine Products, Inc. has a 12-month low of $12.97 and a 12-month high of $28.14. The firm’s fifty day moving average is $24.22 and its 200 day moving average is $23.82. The company has a market capitalization of $346.07 million, a PE ratio of 17.89 and a beta of 0.86.

Nature’s Sunshine Products (NASDAQ:NATR) last released its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Nature’s Sunshine Products had a net margin of 4.06% and a return on equity of 14.67%. The company had revenue of $122.89 million for the quarter, compared to the consensus estimate of $122.15 million.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. raised its holdings in Nature’s Sunshine Products by 107.9% during the third 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. R Squared Ltd raised its holdings in shares of Nature’s Sunshine Products by 7.7% in the first quarter. R Squared Ltd now owns 15,340 shares of the company’s stock valued at $368,000 after purchasing an additional 1,092 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Nature’s Sunshine Products by 62.7% in the first quarter. Ritholtz Wealth Management now owns 24,323 shares of the company’s stock valued at $584,000 after purchasing an additional 9,372 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of Nature’s Sunshine Products by 33.5% in the first quarter. North Star Investment Management Corp. now owns 99,550 shares of the company’s stock valued at $2,388,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Nature’s Sunshine Products in the fourth quarter valued at about $201,000. 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.