Henry Schein, Inc. (NASDAQ:HSIC) – William Blair lifted their Q1 2019 earnings per share estimates for shares of Henry Schein in a research report issued on Monday, February 11th. William Blair analyst J. Kreger now forecasts that the company will earn $0.95 per share for the quarter, up from their prior estimate of $0.94. William Blair also issued estimates for Henry Schein’s Q2 2019 earnings at $1.04 EPS and Q3 2019 earnings at $1.03 EPS.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Henry Schein from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Piper Jaffray Companies reissued an “overweight” rating and set a $96.00 price target on shares of Henry Schein in a research report on Thursday, November 29th. BidaskClub lowered shares of Henry Schein from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 23rd. Evercore ISI lowered shares of Henry Schein from an “in-line” rating to an “underperform” rating and set a $76.39 price target for the company. in a research report on Thursday, January 3rd. Finally, Robert W. Baird lowered shares of Henry Schein from an “outperform” rating to a “neutral” rating and set a $76.60 price target for the company. in a research report on Wednesday, January 2nd. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.19.
HSIC stock opened at $60.39 on Tuesday. The company has a market capitalization of $9.12 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.86 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. Henry Schein has a 52 week low of $57.78 and a 52 week high of $91.35.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Tennessee Treasury Department boosted its position in shares of Henry Schein by 465.4% during the 4th quarter. State of Tennessee Treasury Department now owns 363,306 shares of the company’s stock valued at $28,527,000 after acquiring an additional 299,051 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Henry Schein by 21.0% during the 4th quarter. Advisor Group Inc. now owns 11,000 shares of the company’s stock valued at $863,000 after acquiring an additional 1,912 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Henry Schein during the 4th quarter valued at about $1,579,000. Commonwealth Equity Services LLC boosted its position in shares of Henry Schein by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,615 shares of the company’s stock valued at $676,000 after acquiring an additional 533 shares during the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new position in shares of Henry Schein during the 4th quarter valued at about $306,000.
In other Henry Schein news, SVP Michael S. Ettinger sold 7,425 shares of Henry Schein stock in a transaction on Monday, December 10th. The shares were sold at an average price of $84.36, for a total transaction of $626,373.00. Following the sale, the senior vice president now owns 72,143 shares of the company’s stock, valued at approximately $6,085,983.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Mckinley sold 8,321 shares of Henry Schein stock in a transaction on Friday, November 30th. The stock was sold at an average price of $88.77, for a total transaction of $738,655.17. Following the sale, the insider now directly owns 68,012 shares in the company, valued at approximately $6,037,425.24. The disclosure for this sale can be found here. In the last three months, insiders sold 105,856 shares of company stock valued at $9,222,275. 1.15% of the stock is owned by insiders.
Henry Schein declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 13th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
About Henry Schein
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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