Gilbert A. Fuller Sells 282 Shares of USANA Health Sciences, Inc. (USNA) Stock

USANA Health Sciences, Inc. (NYSE:USNA) Director Gilbert A. Fuller sold 282 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $113.54, for a total transaction of $32,018.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of USANA Health Sciences stock opened at $119.56 on Friday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 29.45 and a beta of 0.80. USANA Health Sciences, Inc. has a twelve month low of $64.70 and a twelve month high of $137.95.

USANA Health Sciences (NYSE:USNA) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The firm had revenue of $296.80 million for the quarter, compared to analyst estimates of $289.54 million. USANA Health Sciences had a net margin of 7.57% and a return on equity of 30.37%. USANA Health Sciences’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. As a group, equities analysts anticipate that USANA Health Sciences, Inc. will post 4.9 earnings per share for the current fiscal year.

USANA Health Sciences declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 23rd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of the stock. NEXT Financial Group Inc purchased a new position in USANA Health Sciences in the 3rd quarter worth approximately $121,000. Harvest Fund Management Co. Ltd lifted its stake in USANA Health Sciences by 418.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,224 shares of the company’s stock worth $148,000 after purchasing an additional 988 shares in the last quarter. CAPROCK Group Inc. purchased a new position in USANA Health Sciences in the 2nd quarter worth approximately $214,000. Amalgamated Bank purchased a new position in USANA Health Sciences in the 2nd quarter worth approximately $223,000. Finally, RNC Capital Management LLC purchased a new position in USANA Health Sciences in the 2nd quarter worth approximately $231,000. 52.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Sidoti raised shares of USANA Health Sciences from a “neutral” rating to a “buy” rating in a research note on Thursday, October 25th. Pivotal Research raised shares of USANA Health Sciences from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, October 24th. Finally, ValuEngine lowered shares of USANA Health Sciences from a “buy” rating to a “hold” rating in a research note on Thursday.

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About USANA Health Sciences

USANA Health Sciences, Inc develops, manufactures, and sells science-based nutritional and personal care products primarily to reduce the risk of chronic degenerative disease. The company offers USANA nutritional products that comprise essentials/CellSentials, such as vitamin and mineral supplements that provide a foundation of total body nutrition for various age groups; optimizers comprising targeted supplements that are designed to meet cardiovascular, skeletal/structural, and digestive health needs; and foods that include low-glycemic meal replacement shakes, snack bars, and other related products, which provide macro-nutrition.

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