Nature’s Sunshine Products (NASDAQ:NATR) Stock Gets Price Target Trim from Canaccord Genuity Group

Nature’s Sunshine Products (NASDAQ:NATR) had its target price reduced by Canaccord Genuity Group from $36.00 to $25.00 in a research note published on Friday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on NATR. Wall Street Zen cut shares of Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings downgraded Nature’s Sunshine Products from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Finally, DA Davidson lowered their price objective on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Nature’s Sunshine Products Price Performance

NASDAQ:NATR opened at $12.25 on Friday. Nature’s Sunshine Products has a one year low of $12.00 and a one year high of $28.14. The stock has a market cap of $215.55 million, a P/E ratio of 12.13 and a beta of 0.81. The company has a fifty day moving average price of $13.08 and a 200 day moving average price of $20.51.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Nature’s Sunshine Products had a return on equity of 12.88% and a net margin of 3.68%. The company had revenue of $116.99 million during the quarter, compared to analyst estimates of $123.70 million.

Insider Activity at Nature’s Sunshine Products

In related news, major shareholder Prescott Group Capital Managem bought 96,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $16.63 per share, for a total transaction of $1,596,480.00. Following the acquisition, the insider owned 1,883,610 shares in the company, valued at $31,324,434.30. This trade represents a 5.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders purchased 161,389 shares of company stock worth $2,612,536. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nature’s Sunshine Products

A number of institutional investors have recently added to or reduced their stakes in NATR. Legal & General Group Plc acquired a new position in Nature’s Sunshine Products in the 2nd quarter valued at $30,000. New York State Teachers Retirement System acquired a new stake in shares of Nature’s Sunshine Products in the first quarter worth $37,000. McIlrath & Eck LLC purchased a new stake in Nature’s Sunshine Products in the 1st quarter worth about $48,000. State of Alaska Department of Revenue raised its stake in shares of Nature’s Sunshine Products by 415.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,444 shares of the company’s stock worth $94,000 after purchasing an additional 6,000 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Nature’s Sunshine Products during the 2nd quarter worth $249,000. Institutional investors own 79.40% of the company’s stock.

Nature’s Sunshine Products Company Profile

Nature’s Sunshine Products, Inc develops and sells natural health and wellness products through direct selling, e-commerce and other distribution channels. Its product portfolio includes dietary supplements, herbal supplements, vitamins, minerals, essential oils, sports nutrition products and personal-care items.

The company markets products primarily under the Nature’s Sunshine and Synergy WorldWide brands. Nature’s Sunshine focuses on nutritional and herbal wellness products, while Synergy offers supplements and performance-oriented nutrition products.