Health and wellness company LifeVantage Corp. (LFVN—NASDAQ) recently announced its inclusion in the Russell 3000 Index, as one of the 3,000 largest U.S. stocks.
Global investment analytics and data firm FTSE Russell captures and ranks stocks by total market capitalization and style attributes. The Russell indexes are reconstituted each June and are closely watched by investors.
“Our addition to the Russell 3000 Index is a reflection of the strong growth we have achieved as we have executed our strategic initiatives and launched innovative science-based products that have been well-received by our customers,” said Darren Jensen, President and CEO of LifeVantage. “We will continue to build upon the key pillars of our business model, positioning LifeVantage for long-term, sustainable growth.”
Shares in LifeVantage are trading at $14.05, approaching the 52-week high of $14.71. The company’s P/E ratio is 50.22 and market cap is $203.2 million. As of the last earnings report, EPS was 7 cents and is estimated to be in the range of 38 cents to 43 cents for the current year with 14.01 million shares outstanding.
FTSE Russell reports that this year’s changes to its indexes reflect smaller U.S. equity markets and a more cautious outlook among participants. The total market capitalization of the Russell 3000 Index slipped from $25.3 trillion at last year’s reconstitution to $24.1 trillion this year.
