TheStreet Downgrades USANA Health Sciences (USNA) to C+

TheStreet downgraded shares of USANA Health Sciences (NYSE:USNA) from a b+ rating to a c+ rating in a research note published on Tuesday morning.

USNA has been the subject of a number of other reports. BidaskClub raised USANA Health Sciences from a sell rating to a hold rating in a report on Thursday, October 26th. Pivotal Research lifted their price target on USANA Health Sciences from $70.00 to $80.00 and gave the company a buy rating in a report on Wednesday, October 25th. Finally, Sidoti cut USANA Health Sciences from a buy rating to a neutral rating in a report on Wednesday, January 24th.

USANA Health Sciences (NYSE USNA) opened at $74.20 on Tuesday. The stock has a market capitalization of $1,697.47, a price-to-earnings ratio of 29.44 and a beta of 0.99. USANA Health Sciences has a twelve month low of $52.55 and a twelve month high of $79.00.

USANA Health Sciences (NYSE:USNA) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.11. USANA Health Sciences had a return on equity of 27.02% and a net margin of 5.97%. The business had revenue of $273.11 million during the quarter, compared to analysts’ expectations of $258.67 million. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.

In related news, Director Myron W. Wentz sold 38,223 shares of USANA Health Sciences stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $71.51, for a total value of $2,733,326.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Myron W. Wentz sold 5,304 shares of USANA Health Sciences stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $66.01, for a total value of $350,117.04. Following the completion of the transaction, the director now directly owns 12,011,418 shares of the company’s stock, valued at $792,873,702.18. The disclosure for this sale can be found here. Insiders sold 433,455 shares of company stock valued at $28,990,246 over the last ninety days. 53.20% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in USNA. JPMorgan Chase & Co. raised its holdings in USANA Health Sciences by 2.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,385 shares of the company’s stock worth $1,050,000 after purchasing an additional 341 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in USANA Health Sciences by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,228 shares of the company’s stock worth $3,027,000 after purchasing an additional 2,665 shares during the last quarter. Nationwide Fund Advisors raised its holdings in USANA Health Sciences by 7.5% during the 2nd quarter. Nationwide Fund Advisors now owns 6,589 shares of the company’s stock worth $422,000 after purchasing an additional 457 shares during the last quarter. New York State Common Retirement Fund raised its holdings in USANA Health Sciences by 1.2% during the 2nd quarter. New York State Common Retirement Fund now owns 32,534 shares of the company’s stock worth $2,085,000 after purchasing an additional 370 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in USANA Health Sciences by 10.5% during the 2nd quarter. Northern Trust Corp now owns 177,630 shares of the company’s stock worth $11,386,000 after purchasing an additional 16,948 shares during the last quarter. 44.26% of the stock is owned by hedge funds and other institutional investors.

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About USANA Health Sciences

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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