Kevin Herbert Sells 2,000 Shares of Nature’s Sunshine Products (NASDAQ:NATR) Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) EVP Kevin Herbert sold 2,000 shares of Nature’s Sunshine Products stock in a transaction on Friday, June 12th. The shares were sold at an average price of $20.68, for a total transaction of $41,360.00. Following the completion of the sale, the executive vice president owned 48,866 shares in the company, valued at $1,010,548.88. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nature’s Sunshine Products Price Performance

Nature’s Sunshine Products stock opened at $20.08 on Wednesday. The company has a market cap of $353.11 million, a price-to-earnings ratio of 18.25 and a beta of 0.86. The firm has a 50-day moving average of $23.60 and a 200-day moving average of $23.80. Nature’s Sunshine Products, Inc. has a one year low of $12.97 and a one year high of $28.14.

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, topping the consensus estimate of $0.20 by $0.10. Nature’s Sunshine Products had a return on equity of 14.67% and a net margin of 4.06%.The business had revenue of $122.89 million for the quarter, compared to analyst estimates of $122.15 million.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Canaccord Genuity Group set a $37.00 price objective on Nature’s Sunshine Products in a report on Friday, May 8th. Weiss Ratings downgraded shares of Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of Nature’s Sunshine Products in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Nature’s Sunshine Products has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NATR. State of Alaska Department of Revenue acquired a new stake in Nature’s Sunshine Products during the fourth quarter worth approximately $31,000. New York State Teachers Retirement System acquired a new position in shares of Nature’s Sunshine Products in the first quarter valued at approximately $37,000. Clearstead Advisors LLC grew its position in shares of Nature’s Sunshine Products by 16,025.0% in the fourth quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock valued at $42,000 after purchasing an additional 1,923 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Nature’s Sunshine Products during the first quarter worth approximately $48,000. Finally, Raymond James Financial Inc. bought a new position in shares of Nature’s Sunshine Products during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.