USANA Health Sciences, Inc. (USNA) Insider Daniel A. Macuga Sells 11,992 Shares of Stock
USANA Health Sciences, Inc. (NYSE:USNA) insider Daniel A. Macuga sold 11,992 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $59.00, for a total transaction of $707,528.00. Following the completion of the sale, the insider now directly owns 11,992 shares in the company, valued at $707,528. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of USANA Health Sciences, Inc. (USNA) traded up 0.59% during midday trading on Thursday, hitting $59.80. 59,104 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $59.52 and its 200-day moving average is $60.19. The stock has a market cap of $1.46 billion, a PE ratio of 15.53 and a beta of 1.10. USANA Health Sciences, Inc. has a 1-year low of $52.55 and a 1-year high of $75.00.
USANA Health Sciences (NYSE:USNA) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by $0.08. The company had revenue of $257.10 million during the quarter, compared to analyst estimates of $273.61 million. USANA Health Sciences had a net margin of 9.05% and a return on equity of 25.31%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 earnings per share. Analysts predict that USANA Health Sciences, Inc. will post $3.79 earnings per share for the current fiscal year.
USANA Health Sciences announced that its board has initiated a stock repurchase plan on Tuesday, July 25th that authorizes the company to repurchase $64.60 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 46% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of USANA Health Sciences from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Pivotal Research raised shares of USANA Health Sciences from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $75.00 in a research report on Wednesday, May 3rd.
Hedge funds have recently bought and sold shares of the stock. USA Financial Portformulas Corp bought a new stake in USANA Health Sciences during the second quarter valued at about $691,000. Phocas Financial Corp. boosted its stake in USANA Health Sciences by 4.7% in the second quarter. Phocas Financial Corp. now owns 125,090 shares of the company’s stock valued at $8,018,000 after buying an additional 5,575 shares in the last quarter. California State Teachers Retirement System boosted its stake in USANA Health Sciences by 0.5% in the second quarter. California State Teachers Retirement System now owns 20,582 shares of the company’s stock valued at $1,319,000 after buying an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in USANA Health Sciences by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 9,137 shares of the company’s stock valued at $586,000 after buying an additional 616 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in USANA Health Sciences by 711.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 91,409 shares of the company’s stock valued at $5,859,000 after buying an additional 80,145 shares in the last quarter. 44.73% 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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