Insider Selling: USANA Health Sciences, Inc. (NYSE:USNA) Major Shareholder Sells 2,202 Shares of Stock

USANA Health Sciences, Inc. (NYSE:USNAGet Free Report) major shareholder Myron W. Wentz sold 2,202 shares of USANA Health Sciences stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $47.79, for a total value of $105,233.58. Following the completion of the transaction, the insider now owns 7,877,841 shares of the company’s stock, valued at $376,482,021.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

USANA Health Sciences Stock Down 0.9 %

USNA stock traded down $0.43 during midday trading on Friday, reaching $44.96. The company had a trading volume of 101,041 shares, compared to its average volume of 78,255. The stock has a 50 day moving average price of $46.12 and a 200 day moving average price of $48.22. USANA Health Sciences, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $69.60. The firm has a market capitalization of $856.49 million, a PE ratio of 14.01, a P/E/G ratio of 1.39 and a beta of 0.93.

USANA Health Sciences (NYSE:USNAGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.17. The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $223.27 million. USANA Health Sciences had a return on equity of 12.80% and a net margin of 6.88%. Research analysts predict that USANA Health Sciences, Inc. will post 2.78 EPS for the current year.

Hedge Funds Weigh In On USANA Health Sciences

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new position in shares of USANA Health Sciences during the third quarter worth approximately $570,000. Pacer Advisors Inc. raised its holdings in USANA Health Sciences by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 337,371 shares of the company’s stock worth $18,083,000 after purchasing an additional 145,373 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in USANA Health Sciences by 2.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 90,659 shares of the company’s stock worth $5,314,000 after purchasing an additional 2,168 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in USANA Health Sciences by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 677,664 shares of the company’s stock worth $36,323,000 after purchasing an additional 21,524 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in USANA Health Sciences by 7.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 16,534 shares of the company’s stock worth $886,000 after purchasing an additional 1,162 shares in the last quarter. 54.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson decreased their target price on USANA Health Sciences from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th.

Check Out Our Latest Research Report on USANA Health Sciences

USANA Health Sciences Company Profile

(Get Free Report)

USANA Health Sciences, Inc develops, manufactures, and sells science-based nutritional, personal care, and skincare products in the Asia Pacific, the Americas, and Europe. 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 consisting of targeted supplements that are designed to meet cardiovascular, skeletal/structural, and digestive health needs; and food that include meal replacement shakes, snack bars, and other related products.

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