Henry Schein, Inc. (NASDAQ:HSIC) Given Consensus Rating of “Hold” by Analysts

Shares of Henry Schein, Inc. (NASDAQ:HSICGet Free Report) have been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $81.73.

HSIC has been the topic of several research analyst reports. UBS Group cut their price objective on Henry Schein from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Evercore ISI upped their price objective on Henry Schein from $79.00 to $83.00 and gave the company an “in-line” rating in a research report on Wednesday, February 28th. TheStreet upgraded Henry Schein from a “c+” rating to a “b-” rating in a report on Monday, February 26th. Barrington Research upped their target price on Henry Schein from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, SVB Leerink assumed coverage on Henry Schein in a report on Monday, February 26th. They issued a “market perform” rating and a $78.00 target price for the company.

View Our Latest Stock Analysis on HSIC

Henry Schein Stock Performance

NASDAQ HSIC opened at $69.25 on Friday. The company has a market cap of $8.87 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.78 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.75. The business’s 50 day moving average price is $72.28 and its 200-day moving average price is $73.19. Henry Schein has a fifty-two week low of $60.01 and a fifty-two week high of $82.63.

Henry Schein (NASDAQ:HSICGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.21 billion. Henry Schein had a return on equity of 13.51% and a net margin of 3.12%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS. Sell-side analysts predict that Henry Schein will post 5.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Vice Chairman James P. Breslawski sold 2,907 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $74.37, for a total transaction of $216,193.59. Following the transaction, the insider now directly owns 209,562 shares of the company’s stock, valued at approximately $15,585,125.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Bradford C. Connett sold 6,430 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $74.28, for a total value of $477,620.40. Following the transaction, the chief executive officer now directly owns 73,108 shares of the company’s stock, valued at $5,430,462.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman James P. Breslawski sold 2,907 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $74.37, for a total value of $216,193.59. Following the completion of the transaction, the insider now directly owns 209,562 shares in the company, valued at $15,585,125.94. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HSIC. Victory Capital Management Inc. grew its holdings in Henry Schein by 15.1% during the third quarter. Victory Capital Management Inc. now owns 136,789 shares of the company’s stock worth $10,157,000 after acquiring an additional 17,996 shares during the period. Assenagon Asset Management S.A. grew its holdings in Henry Schein by 74.8% during the third quarter. Assenagon Asset Management S.A. now owns 52,045 shares of the company’s stock worth $3,864,000 after acquiring an additional 22,270 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Henry Schein by 6.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 121,778 shares of the company’s stock worth $9,042,000 after acquiring an additional 7,417 shares during the period. Metis Global Partners LLC grew its holdings in Henry Schein by 17.9% during the third quarter. Metis Global Partners LLC now owns 4,758 shares of the company’s stock worth $353,000 after acquiring an additional 724 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Henry Schein during the third quarter worth about $285,000. 96.62% of the stock is owned by institutional investors and hedge funds.

Henry Schein Company Profile

(Get Free Report

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.

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Analyst Recommendations for Henry Schein (NASDAQ:HSIC)

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