Robert W. Baird lowered shares of Henry Schein Inc. (NASDAQ:HSIC) from an outperform rating to a neutral rating in a research note released on Friday. They currently have $164.00 price objective on the stock, down from their previous price objective of $176.00.
A number of other research analysts have also recently commented on HSIC. Zacks Investment Research upgraded shares of Henry Schein from a sell rating to a hold rating in a report on Wednesday, October 5th. Bank of America Corp. started coverage on shares of Henry Schein in a report on Monday, September 12th. They issued a buy rating and a $185.00 price target on the stock. Finally, Goldman Sachs Group Inc. upgraded shares of Henry Schein from a neutral rating to a buy rating and set a $185.00 target price on the stock in a report on Tuesday, October 11th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $159.50.
Shares of Henry Schein (NASDAQ:HSIC) traded up 0.10% on Friday, hitting $153.51. The stock had a trading volume of 232,330 shares. Henry Schein has a one year low of $142.64 and a one year high of $183.00. The company has a market capitalization of $12.56 billion, a P/E ratio of 26.01 and a beta of 1.05. The firm has a 50 day moving average price of $162.17 and a 200 day moving average price of $170.06.
Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.01. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Henry Schein had a net margin of 4.42% and a return on equity of 17.84%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. On average, equities research analysts predict that Henry Schein will post $6.57 earnings per share for the current fiscal year.
In related news, Director Paul Brons sold 3,381 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $164.03, for a total value of $554,585.43. Following the completion of the transaction, the director now directly owns 13,715 shares of the company’s stock, valued at approximately $2,249,671.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in shares of Henry Schein by 998.9% in the second quarter. Riverhead Capital Management LLC now owns 453,851 shares of the company’s stock valued at $80,241,000 after buying an additional 412,549 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Henry Schein by 55.7% in the second quarter. UBS Asset Management Americas Inc. now owns 802,401 shares of the company’s stock valued at $141,865,000 after buying an additional 286,976 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Henry Schein by 16.5% in the second quarter. Janus Capital Management LLC now owns 2,027,848 shares of the company’s stock valued at $358,522,000 after buying an additional 286,929 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Henry Schein during the second quarter valued at approximately $32,832,000. Finally, Bank of Montreal Can bought a new position in shares of Henry Schein during the second quarter valued at approximately $32,344,000. 92.03% of the stock is owned by hedge funds and other institutional investors.
About Henry Schein