State of Tennessee Treasury Department Has $3.54 Million Stake in Henry Schein, Inc. (HSIC)
State of Tennessee Treasury Department lifted its holdings in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 99.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,170 shares of the company’s stock after buying an additional 21,473 shares during the period. State of Tennessee Treasury Department’s holdings in Henry Schein were worth $3,540,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of HSIC. Janus Henderson Group PLC boosted its position in shares of Henry Schein by 394.1% during the second quarter. Janus Henderson Group PLC now owns 1,465,303 shares of the company’s stock worth $268,173,000 after buying an additional 1,168,763 shares during the period. Swedbank boosted its position in shares of Henry Schein by 84.9% during the third quarter. Swedbank now owns 2,358,594 shares of the company’s stock worth $193,381,000 after buying an additional 1,083,115 shares during the period. Fisher Asset Management LLC boosted its position in shares of Henry Schein by 99.3% during the third quarter. Fisher Asset Management LLC now owns 844,106 shares of the company’s stock worth $69,208,000 after buying an additional 420,637 shares during the period. Riverbridge Partners LLC boosted its position in shares of Henry Schein by 235.8% during the third quarter. Riverbridge Partners LLC now owns 458,340 shares of the company’s stock worth $37,579,000 after buying an additional 321,851 shares during the period. Finally, Davis R M Inc. boosted its position in shares of Henry Schein by 104.8% during the third quarter. Davis R M Inc. now owns 484,322 shares of the company’s stock worth $39,710,000 after buying an additional 247,842 shares during the period. Institutional investors and hedge funds own 53.07% of the company’s stock.
Henry Schein, Inc. (NASDAQ HSIC) opened at $69.51 on Friday. The stock has a market capitalization of $10,668.19, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03. Henry Schein, Inc. has a twelve month low of $65.28 and a twelve month high of $93.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 0.86.
Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.05 billion. Henry Schein had a net margin of 4.52% and a return on equity of 19.71%. Henry Schein’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. equities research analysts forecast that Henry Schein, Inc. will post 3.6 EPS for the current fiscal year.
Henry Schein announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 18th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other Henry Schein news, SVP Paul Rose sold 2,126 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $172.51, for a total value of $366,756.26. Following the transaction, the senior vice president now owns 17,841 shares of the company’s stock, valued at $3,077,750.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.19% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Henry Schein from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Henry Schein from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies upgraded Henry Schein from a “neutral” rating to an “overweight” rating in a research report on Friday, September 15th. UBS AG restated a “buy” rating on shares of Henry Schein in a research report on Friday, September 15th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $88.50 target price on shares of Henry Schein in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $89.88.
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About Henry Schein
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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