Citigroup Increases Stake in USANA Health Sciences by 31.2%

Written by Amanda

On June 6, 2023, Citigroup Inc. disclosed its increased position in USANA Health Sciences, Inc. (NYSE:USNA) to the Securities and Exchange Commission. The financial giant had upped its stake in USANA Health Sciences by a staggering 31.2% during the fourth quarter of the previous year. Citigroup now boasts ownership of 9,219 shares of USANA’s stock valued at $490,000 after acquiring an additional 2,194 shares during Q4.

This disclosure comes as welcome news to fans of USANA Health Sciences, a company that develops and manufactures top-shelf nutritional products, personal care items, and weight-management solutions for millions worldwide. It operates under several segments including USANA Nutritionals, Personal Care and Skincare, USANA Foods, and All Other.

Despite this development, certain brokerage firms still have reservations about the future outlook for the company. DA Davidson lifted their target price on shares of the nutritional products company from $52.50 to $56.00 back in April of this year- prior to Citigroup’s latest move- citing concerns over whether or not incoming CEO Myron W. can continue to generate profits for investors.

In contrast, StockNews.com has recently rated shares of USANA Health Sciences a “strong-buy,” further highlighting both industry enthusiasm as well as investor skepticism around this innovative brand’s future prospects.
As with any emerging market sector or business sector leader’s rising stocks it is wise for entities looking to invest be diligent and maintain awareness regarding that particular company/party indirectly or directly involved with them; even at times when commendable actions appear plausible within such relationships.Always consider performing due diligence towards credible assessments so as making informed decisions via such dynamic market variables
Regardless of how future trends play out over time within corporate finances/behaviors influencing trends,due diligence is always paramount if one wishes to weather issues arising from potential slippery slopes.



Updated on: 07/06/2023

Price Target

Current $62.83

Concensus $76.00

Low $76.00

Median $76.00

High $76.00

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Social Sentiments

12:00 AM (UTC)

Date:04 June, 2023

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Analyst Ratings

Analyst / firm Rating
D.A. Davidson Buy

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USANA Health Sciences: Emerging as a Strong Player in the Booming Health and Wellness Industry

USANA Health Sciences: A Strong Contender in the Health and Wellness Industry

The global health and wellness industry has experienced exponential growth over the past few years, with demand for natural and organic products skyrocketing. In this highly competitive market, USANA Health Sciences (NYSE:USNA) has emerged as a strong contender. With a market capitalization of $1.20 billion, the Utah-based company is known for its high-quality nutritional supplements, healthy food products, and personal care items.

USANA’s consistent focus on innovation and excellence in research has earned it an impressive reputation among consumers. This reputation has translated into strong financial performance with a PE ratio of 18.27 and a beta of 0.77 as well as a one year low of $48.61 and a one year high of $76.58 as per recent records available as at June 6th, 2023.

One factor that contributes to USANA’s success is the support it receives from institutional investors who hold a significant portion (52.62%) of its stock. New York State Common Retirement Fund increased its position by 32.4% during the fourth quarter while Teacher Retirement System of Texas bought a new stake in USANA Health Sciences.

In May 2023, President Jim Brown sold over twelve thousand shares of USANA Health Sciences stock worth $811,188 revealing that insiders have confidence in USANA’s performance despite fluctuations in the market.

With such promising trends becoming evident, investors can yield great returns out of investing or continuing their investments in USANA stocks which opened at $61.94 on June 6th when this report was released.

Looking forward, USANA is positioned to capitalize on the continued growth within the health and wellness industry by focusing on product innovation that meets consumer demands for high-quality goods that improve overall health outcomes for its customers.

Overall, USANA Health Sciences offers investors an excellent opportunity banked on a strong reputation and consistent performance to reap long-term rewards.

Source: beststocks.com

About the author


Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai