Canaccord Genuity Group Begins Coverage on Nature’s Sunshine Products (NASDAQ:NATR)

Canaccord Genuity Group assumed coverage on shares of Nature’s Sunshine Products (NASDAQ:NATR) in a research note published on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $18.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. StockNews.com upgraded Nature’s Sunshine Products from a buy rating to a strong-buy rating in a research note on Tuesday, September 10th. DA Davidson reduced their target price on shares of Nature’s Sunshine Products from $23.00 to $21.00 and set a buy rating for the company in a research note on Monday, August 12th.

Nature’s Sunshine Products Stock Performance

Shares of NASDAQ:NATR opened at $14.06 on Friday. The company has a market capitalization of $260.25 million, a P/E ratio of 16.54 and a beta of 0.87. The company’s 50-day moving average is $14.43 and its 200 day moving average is $16.36. Nature’s Sunshine Products has a fifty-two week low of $10.81 and a fifty-two week high of $21.72.

Nature’s Sunshine Products (NASDAQ:NATR) last released its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The company had revenue of $110.55 million during the quarter. Nature’s Sunshine Products had a net margin of 3.50% and a return on equity of 9.79%.

Institutional Investors Weigh In On Nature’s Sunshine Products

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new position in shares of Nature’s Sunshine Products during the 4th quarter valued at $7,430,000. Skylands Capital LLC grew its position in Nature’s Sunshine Products by 722.1% during the second quarter. Skylands Capital LLC now owns 333,101 shares of the company’s stock worth $5,020,000 after buying an additional 292,581 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Nature’s Sunshine Products by 26.8% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 695,079 shares of the company’s stock worth $10,475,000 after acquiring an additional 146,879 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Nature’s Sunshine Products by 50.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 198,730 shares of the company’s stock valued at $3,436,000 after acquiring an additional 66,500 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Nature’s Sunshine Products by 25.7% during the second quarter. American Century Companies Inc. now owns 260,479 shares of the company’s stock worth $3,925,000 after purchasing an additional 53,221 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Nature’s Sunshine Products Company Profile

Nature's Sunshine Products, Inc, a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers general health products related to blood sugar support, bone health, cellular health, cognitive function, joint health, mood, sexual health, sleep, sports and energy, and vision.