Goldman Sachs Group Inc. upgraded shares of Henry Schein Inc. (NASDAQ:HSIC) from a neutral rating to a buy rating in a research note released on Tuesday morning. They currently have $185.00 price objective on the stock.
A number of other equities analysts also recently commented on HSIC. Zacks Investment Research downgraded Henry Schein from a buy rating to a hold rating in a report on Tuesday, July 5th. Bank of America Corp. started coverage on Henry Schein in a report on Monday, September 12th. They issued a buy rating and a $185.00 price objective on the stock. Finally, Robert W. Baird restated an outperform rating and issued a $176.00 price objective (up previously from $175.00) on shares of Henry Schein in a report on Tuesday, October 4th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Henry Schein currently has an average rating of Hold and an average price target of $159.50.
Shares of Henry Schein (NASDAQ:HSIC) traded up 0.18% during mid-day trading on Tuesday, hitting $153.63. 32,667 shares of the company were exchanged. Henry Schein has a 12-month low of $142.64 and a 12-month high of $183.00. The stock has a market cap of $12.57 billion, a PE ratio of 26.03 and a beta of 1.05. The stock’s 50-day moving average price is $162.17 and its 200 day moving average price is $170.06.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. Henry Schein had a return on equity of 17.84% and a net margin of 4.42%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Henry Schein will post $6.57 EPS for the current fiscal year.
In other news, Director Paul Brons sold 3,381 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $164.03, for a total value of $554,585.43. Following the completion of the sale, the director now directly owns 13,715 shares in the company, valued at $2,249,671.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.27% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of HSIC. Artemis Investment Management LLP boosted its position in Henry Schein by 97.5% in the second quarter. Artemis Investment Management LLP now owns 111,236 shares of the company’s stock valued at $19,666,000 after buying an additional 54,920 shares in the last quarter. Bank of Montreal Can purchased a new position in Henry Schein during the second quarter valued at about $32,344,000. Zurich Insurance Group Ltd FI purchased a new position in Henry Schein during the first quarter valued at about $3,204,000. Meiji Yasuda Asset Management Co Ltd. boosted its position in Henry Schein by 60.0% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,586 shares of the company’s stock valued at $446,000 after buying an additional 970 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in Henry Schein by 23.4% in the second quarter. Eqis Capital Management Inc. now owns 1,639 shares of the company’s stock valued at $290,000 after buying an additional 311 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.
About Henry Schein