USANA Health Sciences (NYSE:USNA) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of USANA Health Sciences (NYSE:USNA) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Separately, DA Davidson increased their target price on USANA Health Sciences from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 2nd.

USANA Health Sciences Stock Up 0.4 %

USANA Health Sciences stock opened at $31.73 on Friday. The company has a market capitalization of $604.74 million, a P/E ratio of 11.21, a PEG ratio of 0.84 and a beta of 0.87. The stock’s 50 day moving average is $34.42 and its 200 day moving average is $37.15. USANA Health Sciences has a twelve month low of $30.13 and a twelve month high of $50.49.

Hedge Funds Weigh In On USANA Health Sciences

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new position in shares of USANA Health Sciences during the 4th quarter valued at $28,000. Safe Harbor Fiduciary LLC purchased a new position in USANA Health Sciences during the third quarter valued at $30,000. KBC Group NV lifted its position in USANA Health Sciences by 96.6% during the third quarter. KBC Group NV now owns 1,056 shares of the company’s stock valued at $40,000 after purchasing an additional 519 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of USANA Health Sciences in the fourth quarter valued at about $83,000. Finally, Quantbot Technologies LP purchased a new position in shares of USANA Health Sciences in the fourth quarter valued at about $132,000. 54.25% of the stock is owned by institutional investors.

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.