Henry Schein, Inc. (HSIC) Upgraded at Piper Jaffray Companies
Piper Jaffray Companies upgraded shares of Henry Schein, Inc. (NASDAQ:HSIC) from a neutral rating to an overweight rating in a research report released on Friday, Marketbeat Ratings reports.
Several other equities research analysts have also commented on the stock. Credit Suisse Group restated a hold rating and issued a $87.50 price target on shares of Henry Schein in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Henry Schein from a buy rating to a hold rating in a research note on Wednesday, August 9th. Northcoast Research upgraded shares of Henry Schein from a neutral rating to a buy rating and set a $109.00 price target on the stock in a research note on Monday, August 7th. BidaskClub lowered shares of Henry Schein from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a hold rating and issued a $88.50 price target on shares of Henry Schein in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $93.30.
Shares of Henry Schein (HSIC) opened at 80.90 on Friday. Henry Schein has a one year low of $73.11 and a one year high of $93.50. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 11.82 and a beta of 1.10. The firm has a 50-day moving average price of $86.12 and a 200-day moving average price of $88.07.
Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business earned $0.82 earnings per share. Henry Schein’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Henry Schein will post $3.64 earnings per share for the current fiscal year.
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In related news, SVP Paul Rose sold 2,126 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $172.51, for a total transaction of $366,756.26. Following the completion of the sale, the senior vice president now directly owns 17,841 shares in the company, valued at $3,077,750.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.27% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Henry Schein by 3.0% during the second quarter. Vanguard Group Inc. now owns 8,086,317 shares of the company’s stock worth $1,479,959,000 after buying an additional 236,862 shares in the last quarter. FMR LLC boosted its holdings in Henry Schein by 0.4% during the second quarter. FMR LLC now owns 6,921,367 shares of the company’s stock worth $1,266,749,000 after buying an additional 24,935 shares in the last quarter. BlackRock Inc. boosted its holdings in Henry Schein by 1.8% during the second quarter. BlackRock Inc. now owns 5,696,685 shares of the company’s stock worth $1,042,607,000 after buying an additional 101,406 shares in the last quarter. State Street Corp boosted its holdings in Henry Schein by 1.3% during the first quarter. State Street Corp now owns 3,675,674 shares of the company’s stock worth $624,760,000 after buying an additional 48,469 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Henry Schein by 4.7% during the first quarter. Mackenzie Financial Corp now owns 1,728,230 shares of the company’s stock worth $293,747,000 after buying an additional 76,794 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.
Henry Schein Company Profile
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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