Henry Schein (NASDAQ:HSIC) had its price target hoisted by research analysts at Bank of America from $69.00 to $71.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 3.66% from the company’s previous close.
Several other research firms have also recently issued reports on HSIC. Barrington Research reaffirmed a “buy” rating and issued a $75.00 price target on shares of Henry Schein in a report on Wednesday, November 6th. BidaskClub raised Henry Schein from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Zacks Investment Research cut Henry Schein from a “hold” rating to a “sell” rating and set a $71.00 target price on the stock. in a report on Wednesday, November 6th. ValuEngine raised Henry Schein from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Companies upped their target price on Henry Schein from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.08.
Shares of HSIC stock opened at $68.50 on Tuesday. The stock has a 50-day simple moving average of $66.15 and a 200 day simple moving average of $65.81. The stock has a market capitalization of $10.11 billion, a P/E ratio of 16.58, a P/E/G ratio of 2.71 and a beta of 0.84. Henry Schein has a fifty-two week low of $56.58 and a fifty-two week high of $72.81. The company has a quick ratio of 0.92, a current ratio of 1.63 and a debt-to-equity ratio of 0.30.
Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Henry Schein had a net margin of 4.66% and a return on equity of 15.93%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Henry Schein will post 3.45 earnings per share for the current year.
Henry Schein declared that its board has authorized a stock repurchase plan on Thursday, October 31st that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other Henry Schein news, SVP Michael S. Ettinger sold 3,671 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $66.96, for a total value of $245,810.16. Following the transaction, the senior vice president now owns 87,972 shares in the company, valued at approximately $5,890,605.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul Brons sold 1,758 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.34, for a total transaction of $121,899.72. Following the completion of the sale, the director now owns 15,824 shares of the company’s stock, valued at approximately $1,097,236.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,655 shares of company stock valued at $8,373,585. Company insiders own 1.06% of the company’s stock.
Several institutional investors have recently bought and sold shares of HSIC. Squarepoint Ops LLC acquired a new stake in Henry Schein during the third quarter valued at $2,627,000. National Pension Service increased its position in shares of Henry Schein by 5.5% in the third quarter. National Pension Service now owns 232,824 shares of the company’s stock worth $14,784,000 after purchasing an additional 12,157 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Henry Schein by 1.1% in the third quarter. Public Employees Retirement System of Ohio now owns 56,361 shares of the company’s stock worth $3,579,000 after purchasing an additional 620 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Henry Schein in the third quarter valued at approximately $214,000. Finally, California State Teachers Retirement System lifted its position in Henry Schein by 2.7% during the third quarter. California State Teachers Retirement System now owns 255,664 shares of the company’s stock valued at $16,235,000 after purchasing an additional 6,796 shares during the last quarter.
Henry Schein Company Profile
Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, 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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