State of New Jersey Common Pension Fund D Has $9.15 Million Position in Henry Schein, Inc. (HSIC)
State of New Jersey Common Pension Fund D decreased its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 9.1% during the second quarter, Holdings Channel reports. The firm owned 50,000 shares of the company’s stock after selling 5,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Henry Schein were worth $9,151,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SpiderRock Advisors LLC purchased a new position in Henry Schein during the first quarter worth $102,000. Lee Financial Co purchased a new position in Henry Schein during the second quarter worth $161,000. Westside Investment Management Inc. purchased a new position in Henry Schein during the first quarter worth $168,000. JNBA Financial Advisors purchased a new position in Henry Schein during the first quarter worth $170,000. Finally, Peddock Capital Advisors LLC boosted its position in Henry Schein by 29.1% in the first quarter. Peddock Capital Advisors LLC now owns 1,097 shares of the company’s stock worth $186,000 after buying an additional 247 shares during the period. Institutional investors own 90.87% of the company’s stock.
Shares of Henry Schein, Inc. (HSIC) opened at 167.32 on Friday. Henry Schein, Inc. has a one year low of $146.23 and a one year high of $186.99. The firm has a 50-day moving average of $181.94 and a 200-day moving average of $175.01. The company has a market capitalization of $13.25 billion, a P/E ratio of 24.45 and a beta of 1.09.
Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.05 billion. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. Analysts forecast that Henry Schein, Inc. will post $7.28 earnings per share for the current year.
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A number of research firms recently weighed in on HSIC. Credit Suisse Group restated a “hold” rating and set a $160.00 target price on shares of Henry Schein in a research note on Thursday, July 13th. Barrington Research lifted their target price on shares of Henry Schein from $196.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. Zacks Investment Research upgraded shares of Henry Schein from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a report on Thursday, May 25th. Stifel Nicolaus lifted their price target on shares of Henry Schein from $174.00 to $178.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Finally, Piper Jaffray Companies initiated coverage on shares of Henry Schein in a report on Monday, June 12th. They issued a “neutral” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $185.56.
About Henry Schein
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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