Henry Schein, Inc. (HSIC) Stock Price Down 2.9%
Henry Schein, Inc. (NASDAQ:HSIC)’s share price fell 2.9% during mid-day trading on Friday . The company traded as low as $82.16 and last traded at $82.88. 2,924,030 shares changed hands during trading, an increase of 499% from the average session volume of 488,119 shares. The stock had previously closed at $80.57.
A number of research firms have recently issued reports on HSIC. UBS AG reissued a “buy” rating on shares of Henry Schein in a research report on Friday. Piper Jaffray Companies raised shares of Henry Schein from a “neutral” rating to an “overweight” rating in a research report on Friday. Credit Suisse Group reissued a “hold” rating and set a $87.50 price objective on shares of Henry Schein in a research report on Tuesday, August 29th. Zacks Investment Research cut shares of Henry Schein from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Northcoast Research raised shares of Henry Schein from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Henry Schein currently has an average rating of “Hold” and a consensus target price of $93.30.
The firm has a 50 day moving average price of $170.49 and a 200-day moving average price of $175.55. The firm has a market cap of $6.55 billion, a P/E ratio of 12.11 and a beta of 1.10.
Henry Schein (NASDAQ:HSIC) last announced its earnings results on Tuesday, August 8th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.05 billion. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. Equities research analysts expect that Henry Schein, Inc. will post $7.27 earnings per share for the current fiscal year.
In other news, SVP Paul Rose sold 2,126 shares of Henry Schein stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $172.51, for a total transaction of $366,756.26. Following the sale, the senior vice president now owns 17,841 shares of the company’s stock, valued at approximately $3,077,750.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.27% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Henry Schein by 4.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 14,859 shares of the company’s stock worth $2,719,000 after acquiring an additional 566 shares in the last quarter. Intrust Bank NA boosted its stake in Henry Schein by 1.1% during the second quarter. Intrust Bank NA now owns 1,219 shares of the company’s stock worth $223,000 after acquiring an additional 13 shares in the last quarter. Bluestein R H & Co. boosted its stake in Henry Schein by 22.5% during the first quarter. Bluestein R H & Co. now owns 123,224 shares of the company’s stock worth $20,944,000 after acquiring an additional 22,608 shares in the last quarter. BlackRock Inc. boosted its stake in Henry Schein by 2,999.6% during the first quarter. BlackRock Inc. now owns 5,595,279 shares of the company’s stock worth $951,028,000 after acquiring an additional 5,414,761 shares in the last quarter. Finally, Comerica Bank boosted its stake in Henry Schein by 10.6% during the second quarter. Comerica Bank now owns 21,833 shares of the company’s stock worth $4,054,000 after acquiring an additional 2,101 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.
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Henry Schein Company Profile
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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