USANA Health Sciences, Inc. (USNA) Cut to “Strong Sell” at BidaskClub

BidaskClub lowered shares of USANA Health Sciences, Inc. (NYSE:USNA) from a sell rating to a strong sell rating in a research report released on Monday, July 31st.

A number of other equities research analysts also recently weighed in on USNA. Zacks Investment Research upgraded USANA Health Sciences from a sell rating to a hold rating in a research report on Wednesday, April 12th. Pivotal Research restated a hold rating and issued a $55.00 target price (down from $75.00) on shares of USANA Health Sciences in a research report on Monday, May 1st.

USANA Health Sciences (USNA) traded up 1.29% during mid-day trading on Monday, reaching $58.80. The company’s stock had a trading volume of 120,279 shares. The firm has a 50-day moving average of $61.54 and a 200-day moving average of $60.59. USANA Health Sciences has a 52 week low of $52.55 and a 52 week high of $150.00. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.27 and a beta of 1.10.

USANA Health Sciences (NYSE:USNA) last released its earnings results on Tuesday, July 25th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.08. The firm had revenue of $257.10 million during the quarter, compared to analyst estimates of $273.61 million. USANA Health Sciences had a return on equity of 30.12% and a net margin of 9.47%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $2.07 earnings per share. On average, equities research analysts expect that USANA Health Sciences will post $3.79 earnings per share for the current year.

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USANA Health Sciences declared that its board has initiated a stock buyback plan on Tuesday, July 25th that authorizes the company to repurchase $64.60 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 46% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

In other USANA Health Sciences news, Director Gilbert A. Fuller sold 1,483 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $57.67, for a total transaction of $85,524.61. Following the sale, the director now directly owns 1,483 shares of the company’s stock, valued at approximately $85,524.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Myron W. Wentz sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $56.59, for a total transaction of $2,263,600.00. The disclosure for this sale can be found here. Insiders sold 171,334 shares of company stock worth $10,413,675 in the last ninety days. 53.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in USNA. Victory Capital Management Inc. increased 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. BNP Paribas Arbitrage SA increased 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. Creative Planning increased 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 purchased a new stake in shares of USANA Health Sciences during the second quarter valued at about $162,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of USANA Health Sciences during the first quarter valued at about $207,000. 43.90% of the stock is currently owned by 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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