USANA Health Sciences, Inc. (USNA) Insider Walter Noot Sells 363 Shares

USANA Health Sciences, Inc. (NYSE:USNA) insider Walter Noot sold 363 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $119.50, for a total transaction of $43,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE USNA traded up $2.83 on Friday, hitting $119.56. 303,824 shares of the company were exchanged, compared to its average volume of 195,357. The company has a market cap of $2.89 billion, a PE 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 posted its quarterly earnings data on Tuesday, October 23rd. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The firm had revenue of $296.80 million for the quarter, compared to the consensus estimate of $289.54 million. USANA Health Sciences had a return on equity of 30.37% and a net margin of 7.57%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, research analysts forecast that USANA Health Sciences, Inc. will post 4.9 earnings per share for the current fiscal year.

USANA Health Sciences announced that its board has initiated a stock buyback program on Tuesday, October 23rd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in USANA Health Sciences by 7.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,105,466 shares of the company’s stock worth $242,760,000 after buying an additional 144,000 shares during the period. BlackRock Inc. grew its stake in USANA Health Sciences by 11.8% during the 3rd quarter. BlackRock Inc. now owns 1,076,327 shares of the company’s stock valued at $129,750,000 after acquiring an additional 113,961 shares in the last quarter. Acadian Asset Management LLC purchased a new position in USANA Health Sciences during the 2nd quarter valued at about $103,349,000. Prudential Financial Inc. grew its stake in USANA Health Sciences by 11.1% during the 3rd quarter. Prudential Financial Inc. now owns 287,082 shares of the company’s stock valued at $34,608,000 after acquiring an additional 28,659 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in USANA Health Sciences by 53.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 241,011 shares of the company’s stock valued at $29,053,000 after acquiring an additional 83,672 shares in the last quarter. Hedge funds and other institutional investors own 52.20% of the company’s stock.

Several analysts have issued reports on USNA shares. Sidoti upgraded USANA Health Sciences from a “neutral” rating to a “buy” rating in a report on Thursday, October 25th. Pivotal Research upgraded USANA Health Sciences from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Wednesday, October 24th. Finally, ValuEngine downgraded USANA Health Sciences from a “buy” rating to a “hold” rating in a report 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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