USANA Health Sciences, Inc. (USNA) Insider Sells $1,766,405.34 in Stock
USANA Health Sciences, Inc. (NYSE:USNA) insider Kevin Guest sold 29,934 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $59.01, for a total transaction of $1,766,405.34. Following the completion of the sale, the insider now directly owns 10,549 shares of the company’s stock, valued at $622,496.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of USANA Health Sciences, Inc. (NYSE USNA) opened at 59.45 on Friday. The company has a 50-day moving average of $59.52 and a 200-day moving average of $60.19. USANA Health Sciences, Inc. has a 12 month low of $52.55 and a 12 month high of $75.00. The stock has a market capitalization of $1.45 billion, a PE ratio of 15.44 and a beta of 1.10.
USANA Health Sciences (NYSE:USNA) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.08. The business had revenue of $257.10 million during the quarter, compared to the consensus estimate of $273.61 million. USANA Health Sciences had a net margin of 9.47% and a return on equity of 28.93%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $2.07 EPS. On average, equities research analysts expect that USANA Health Sciences, Inc. will post $3.79 EPS for the current fiscal year.
USANA Health Sciences announced that its Board of Directors has initiated a stock buyback plan on Tuesday, July 25th that allows the company to repurchase $64.60 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 46% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of equities research analysts recently weighed in on USNA shares. Pivotal Research reissued a “hold” rating and issued a $55.00 price target (down from $75.00) on shares of USANA Health Sciences in a research report on Monday, May 1st. BidaskClub cut shares of USANA Health Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th.
A number of large investors have recently made changes to their positions in USNA. BNP Paribas Arbitrage SA raised its stake in shares of USANA Health Sciences by 13.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,111 shares of the company’s stock valued at $135,000 after buying an additional 245 shares during the period. Victory Capital Management Inc. raised its stake in shares of USANA Health Sciences by 124.7% in the first quarter. Victory Capital Management Inc. now owns 2,117 shares of the company’s stock valued at $122,000 after buying an additional 1,175 shares during the period. Creative Planning raised its stake in shares of USANA Health Sciences by 528.0% in the second quarter. Creative Planning now owns 2,512 shares of the company’s stock valued at $161,000 after buying an additional 2,112 shares during the period. SG Americas Securities LLC acquired a new stake in shares of USANA Health Sciences during the second quarter valued at about $162,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of USANA Health Sciences during the second quarter valued at about $210,000. 43.57% of the stock is currently owned by hedge funds and other institutional investors.
USANA Health Sciences Company Profile
USANA Health Sciences, Inc develops and manufactures science-based nutritional and personal care products. The Company operates as a direct selling company in two geographic regions: Americas and Europe, and Asia Pacific, which includes three sub-regions: Southeast Asia Pacific, Greater China and North Asia.
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