State Board of Administration of Florida Retirement System cut its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,658 shares of the company’s stock after selling 5,170 shares during the period. State Board of Administration of Florida Retirement System owned 0.15% of Henry Schein worth $19,273,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of HSIC. FMR LLC raised its stake in shares of Henry Schein by 167.3% in the 2nd quarter. FMR LLC now owns 6,632,783 shares of the company’s stock valued at $481,805,000 after acquiring an additional 4,151,179 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Henry Schein by 2,573.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 802,047 shares of the company’s stock valued at $58,261,000 after acquiring an additional 772,047 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Henry Schein by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 2,191,660 shares of the company’s stock valued at $159,202,000 after acquiring an additional 383,479 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Henry Schein by 11,084.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 355,000 shares of the company’s stock valued at $25,787,000 after acquiring an additional 351,826 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Henry Schein by 7.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,180,363 shares of the company’s stock worth $231,022,000 after buying an additional 209,562 shares during the period.
Shares of HSIC stock opened at $85.43 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.68 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $13.31 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.71 and a beta of 0.87. Henry Schein, Inc. has a one year low of $62.56 and a one year high of $90.52.
Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.37 billion. Henry Schein had a return on equity of 20.40% and a net margin of 3.00%. Henry Schein’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. Research analysts expect that Henry Schein, Inc. will post 4.12 earnings per share for the current fiscal year.
HSIC has been the topic of several recent analyst reports. Craig Hallum lifted their price target on Henry Schein from $83.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. BidaskClub raised Henry Schein from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. Barrington Research lifted their price target on Henry Schein from $92.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley lifted their price target on Henry Schein from $65.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 9th. Finally, Goldman Sachs Group assumed coverage on Henry Schein in a report on Saturday, October 20th. They set a “hold” rating and a $78.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $84.41.
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Henry Schein Company Profile
Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, animal health clinics, physician practices, 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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