Jefferies Group LLC Reaffirms “Hold” Rating for Henry Schein, Inc. (HSIC)
Henry Schein, Inc. (NASDAQ:HSIC)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report issued on Friday. They currently have a $177.00 target price on the stock. Jefferies Group LLC’s price target suggests a potential downside of 4.03% from the company’s current price.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Henry Schein from a “hold” rating to a “buy” rating and set a $206.00 price objective on the stock in a research report on Friday, June 16th. Stifel Nicolaus increased their price objective on Henry Schein from $174.00 to $178.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Craig Hallum initiated coverage on Henry Schein in a research report on Tuesday, April 11th. They set a “hold” rating on the stock. Finally, Credit Suisse Group reiterated a “hold” rating and set a $160.00 price objective on shares of Henry Schein in a research report on Thursday, July 13th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Henry Schein has a consensus rating of “Hold” and an average target price of $183.40.
Henry Schein (HSIC) opened at 184.44 on Friday. Henry Schein has a 12 month low of $146.23 and a 12 month high of $186.99. The company’s 50-day moving average is $183.79 and its 200-day moving average is $172.80. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 28.03 and a beta of 1.09.
Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.83 billion. Henry Schein had a return on equity of 19.74% and a net margin of 4.53%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. On average, equities research analysts anticipate that Henry Schein will post $7.28 earnings per share for the current year.
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In other Henry Schein news, EVP Gerald A. Benjamin sold 12,578 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $175.10, for a total value of $2,202,407.80. Following the completion of the sale, the executive vice president now owns 44,061 shares in the company, valued at approximately $7,715,081.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.27% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Oakbrook Investments LLC acquired a new stake in Henry Schein during the second quarter valued at $659,000. US Bancorp DE boosted its stake in Henry Schein by 3.3% in the second quarter. US Bancorp DE now owns 66,190 shares of the company’s stock valued at $12,113,000 after buying an additional 2,094 shares during the period. Anderson Hoagland & Co. boosted its stake in Henry Schein by 75.2% in the second quarter. Anderson Hoagland & Co. now owns 9,441 shares of the company’s stock valued at $1,728,000 after buying an additional 4,051 shares during the period. State Treasurer State of Michigan boosted its stake in Henry Schein by 0.4% in the second quarter. State Treasurer State of Michigan now owns 26,072 shares of the company’s stock valued at $4,772,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC boosted its stake in Henry Schein by 3.8% in the second quarter. Aperio Group LLC now owns 45,189 shares of the company’s stock valued at $8,270,000 after buying an additional 1,646 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.
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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