USANA Health Sciences, Inc. (USNA) Insider Daniel A. Macuga Sells 11,992 Shares
USANA Health Sciences, Inc. (NYSE:USNA) insider Daniel A. Macuga sold 11,992 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $59.00, for a total value of $707,528.00. Following the completion of the sale, the insider now directly owns 11,992 shares of the company’s stock, valued at approximately $707,528. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of USANA Health Sciences, Inc. (USNA) traded up 0.68% during midday trading on Wednesday, hitting $59.45. The company had a trading volume of 188,508 shares. The firm’s 50-day moving average is $59.52 and its 200-day moving average is $60.19. The firm has a market capitalization of $1.45 billion, a P/E ratio of 15.44 and a beta of 1.10. USANA Health Sciences, Inc. has a 12-month low of $52.55 and a 12-month high of $75.00.
USANA Health Sciences (NYSE:USNA) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.98 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 analysts’ expectations of $273.61 million. USANA Health Sciences had a return on equity of 28.93% and a net margin of 9.47%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $2.07 earnings per share. On average, 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 of Directors has approved a stock repurchase program on Tuesday, July 25th that authorizes the company to repurchase $64.60 million in shares. This repurchase authorization authorizes the company to purchase up to 46% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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Several equities research analysts recently commented on the company. BidaskClub cut USANA Health Sciences from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Pivotal Research raised USANA Health Sciences from a “hold” rating to a “buy” rating and boosted their price target for the company from $55.00 to $75.00 in a research note on Wednesday, May 3rd.
Hedge funds have recently modified their holdings of the company. USA Financial Portformulas Corp bought a new stake in shares of USANA Health Sciences during the second quarter valued at approximately $691,000. Phocas Financial Corp. increased its stake in shares of 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 during the period. California State Teachers Retirement System increased its stake in shares of 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 during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of 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 during the period. 44.73% of the stock is 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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