USANA Health Sciences (NYSE:USNA) Sets New 12-Month Low – Here’s What Happened

Shares of USANA Health Sciences, Inc. (NYSE:USNA) hit a new 52-week low on Wednesday . The stock traded as low as $30.16 and last traded at $30.32, with a volume of 5576 shares. The stock had previously closed at $30.97.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised USANA Health Sciences from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 28th. DA Davidson boosted their target price on shares of USANA Health Sciences from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 2nd.

USANA Health Sciences Stock Performance

The company has a market cap of $583.22 million, a P/E ratio of 10.79, a P/E/G ratio of 0.84 and a beta of 0.87. The firm has a 50 day moving average price of $34.81 and a 200-day moving average price of $37.32.

Hedge Funds Weigh In On USANA Health Sciences

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in USANA Health Sciences by 111.9% during the third quarter. Barclays PLC now owns 27,737 shares of the company’s stock worth $1,052,000 after acquiring an additional 14,647 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in USANA Health Sciences by 14,068.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 38,821 shares of the company’s stock valued at $1,472,000 after acquiring an additional 38,547 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in USANA Health Sciences by 13.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 124,008 shares of the company’s stock valued at $4,702,000 after acquiring an additional 14,756 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of USANA Health Sciences by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 297,120 shares of the company’s stock worth $11,269,000 after acquiring an additional 12,898 shares during the period. Finally, State Street Corp grew its holdings in shares of USANA Health Sciences by 0.6% during the 3rd quarter. State Street Corp now owns 435,164 shares of the company’s stock worth $16,501,000 after purchasing an additional 2,782 shares in the last quarter. Institutional investors and hedge funds own 54.25% of the company’s stock.

About USANA Health Sciences

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.