Henry Schein, Inc. (HSIC) Upgraded to “Overweight” by Piper Jaffray Companies
Henry Schein, Inc. (NASDAQ:HSIC) was upgraded by Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Friday, Marketbeat reports.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “hold” rating and set a $88.50 price objective on shares of Henry Schein in a research note on Friday, July 21st. Zacks Investment Research lowered Henry Schein from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating on shares of Henry Schein in a research note on Thursday, July 6th. Northcoast Research upgraded Henry Schein from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Monday, August 7th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $80.00 price objective on shares of Henry Schein in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $93.30.
Henry Schein (NASDAQ:HSIC) traded down 1.42% during mid-day trading on Friday, reaching $81.70. The company’s stock had a trading volume of 993,237 shares. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 11.94 and a beta of 1.10. The stock has a 50-day moving average price of $170.49 and a 200-day moving average price of $175.55. Henry Schein has a one year low of $73.11 and a one year high of $93.50.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.05 billion. Henry Schein had a return on equity of 19.91% and a net margin of 4.59%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Equities research analysts forecast that Henry Schein will post $7.27 EPS for the current year.
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In related news, SVP Paul Rose sold 2,126 shares of Henry Schein stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $172.51, for a total value of $366,756.26. Following the completion of the transaction, the senior vice president now owns 17,841 shares in the company, valued at approximately $3,077,750.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.27% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Gs Investments Inc. acquired a new stake in Henry Schein in the 2nd quarter worth about $884,000. Toronto Dominion Bank boosted its holdings in Henry Schein by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 26,872 shares of the company’s stock worth $4,917,000 after buying an additional 5,487 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Henry Schein by 14.9% in the 2nd quarter. WINTON GROUP Ltd now owns 11,297 shares of the company’s stock worth $2,068,000 after buying an additional 1,465 shares during the last quarter. Colony Group LLC boosted its holdings in Henry Schein by 1.3% in the 2nd quarter. Colony Group LLC now owns 12,734 shares of the company’s stock worth $2,331,000 after buying an additional 158 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in Henry Schein by 130.7% in the 2nd quarter. Verition Fund Management LLC now owns 4,152 shares of the company’s stock worth $760,000 after buying an additional 2,352 shares during the last quarter. Institutional investors own 89.05% 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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