Nature’s Sunshine Products (NASDAQ:NATR) Shares Cross Above 200-Day Moving Average – What’s Next?

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.11 and traded as high as $24.80. Nature’s Sunshine Products shares last traded at $24.47, with a volume of 106,621 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson upped their price objective on Nature’s Sunshine Products from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Canaccord Genuity Group lifted their target price on Nature’s Sunshine Products from $22.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings raised Nature’s Sunshine Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Nature’s Sunshine Products currently has a consensus rating of “Buy” and an average price target of $31.00.

Nature’s Sunshine Products Stock Up 2.0%

The stock has a market cap of $428.47 million, a PE ratio of 23.08 and a beta of 0.92. The company’s fifty day moving average is $25.43 and its 200 day moving average is $21.11.

Nature’s Sunshine Products (NASDAQ:NATR) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. Nature’s Sunshine Products had a net margin of 4.07% and a return on equity of 14.36%. The company had revenue of $123.81 million during the quarter, compared to the consensus estimate of $121.62 million.

Insider Buying and Selling

In related news, CAO Jonathan David Lanoy sold 4,000 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $24.70, for a total value of $98,800.00. Following the completion of the sale, the chief accounting officer directly owned 46,405 shares in the company, valued at approximately $1,146,203.50. This represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryant J. Yates sold 19,516 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $24.35, for a total value of $475,214.60. Following the completion of the transaction, the executive vice president directly owned 85,154 shares in the company, valued at $2,073,499.90. This trade represents a 18.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 38,899 shares of company stock valued at $951,206. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Nature’s Sunshine Products

A number of large investors have recently modified their holdings of NATR. State of Alaska Department of Revenue acquired a new position in Nature’s Sunshine Products during the 4th quarter worth approximately $31,000. Clearstead Advisors LLC grew its position in 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 acquiring an additional 1,923 shares in the last quarter. CWM LLC grew its position in Nature’s Sunshine Products by 147.0% in the third quarter. CWM LLC now owns 2,075 shares of the company’s stock valued at $32,000 after acquiring an additional 1,235 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nature’s Sunshine Products during the second quarter valued at approximately $37,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Nature’s Sunshine Products during the fourth quarter valued at approximately $121,000. 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.