Nature's Sunshine Products (NASDAQ:NATR) Stock Price Target Cut by Canaccord Genuity Group

Key Points

• Canaccord Genuity cut Nature’s Sunshine Products’ price target from $36 to $25 while maintaining a “buy” rating, implying roughly 104% upside from the prior close.
• Analyst sentiment remains broadly positive, with two Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average target of $25.
• The company’s latest quarter missed expectations, reporting $0.21 in EPS versus $0.27 expected and revenue of $116.99 million versus $123.70 million forecast; shares opened at $12.25 and were near their 52-week low.

Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) had its target price cut by equities research analysts at Canaccord Genuity Group from $36.00 to $25.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 104.08% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Nature's Sunshine Products from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Weiss Ratings cut shares of Nature's Sunshine Products from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, October 27th. Finally, DA Davidson dropped their target price 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Nature's Sunshine Products Price Performance

Shares of NASDAQ NATR opened at $12.25 on Friday. The stock has a market cap of $215.55 million, a P/E ratio of 12.13 and a beta of 0.81. Nature's Sunshine Products has a 1 year low of $12.00 and a 1 year high of $28.14. The firm has a 50-day moving average of $13.08 and a 200 day moving average of $20.51.

Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.68% and a return on equity of 12.88%. The company had revenue of $116.99 million for the quarter, compared to analysts' expectations of $123.70 million.

Insider Activity at Nature's Sunshine Products

In related news, major shareholder Prescott Group Capital Managem bought 20,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of $14.69 per share, for a total transaction of $293,800.00. Following the completion of the transaction, the insider owned 1,944,486 shares of the company's stock, valued at approximately $28,564,499.34. This trade represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders acquired 161,389 shares of company stock valued at $2,612,536. Corporate insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Nature's Sunshine Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in shares of Nature's Sunshine Products in the second quarter worth approximately $30,000. New York State Teachers Retirement System purchased a new stake in Nature's Sunshine Products in the 1st quarter worth $37,000. McIlrath & Eck LLC purchased a new stake in Nature's Sunshine Products in the 1st quarter worth $48,000. State of Alaska Department of Revenue raised its holdings in Nature's Sunshine Products by 415.5% during the third quarter. State of Alaska Department of Revenue now owns 7,444 shares of the company's stock valued at $94,000 after acquiring an additional 6,000 shares during the period. Finally, State of Wyoming purchased a new position in shares of Nature's Sunshine Products in the second quarter valued at about $249,000. Institutional investors own 79.40% of the company's stock.

About Nature's Sunshine Products

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.

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