Henry Schein (NASDAQ:HSIC – Get Rating) had its target price trimmed by Piper Sandler from $96.00 to $85.00 in a research report released on Monday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.
HSIC has been the topic of a number of other reports. UBS Group upgraded Henry Schein from a sell rating to a neutral rating and set a $80.00 price objective on the stock in a research note on Monday, August 8th. Stifel Nicolaus lowered their price target on Henry Schein from $90.00 to $80.00 in a research report on Friday, June 17th. StockNews.com lowered Henry Schein from a strong-buy rating to a buy rating in a research report on Tuesday, July 19th. The Goldman Sachs Group lowered Henry Schein from a buy rating to a neutral rating and decreased their target price for the stock from $93.00 to $85.00 in a research report on Thursday, July 21st. Finally, Evercore ISI decreased their target price on Henry Schein to $83.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $84.67.
Get Henry Schein alerts:Henry Schein Stock Performance
NASDAQ:HSIC opened at $66.88 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $9.10 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. Henry Schein has a twelve month low of $66.45 and a twelve month high of $92.68. The stock's 50-day simple moving average is $74.39 and its 200 day simple moving average is $80.25.
Henry Schein (NASDAQ:HSIC – Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.16 EPS for the quarter, meeting analysts' consensus estimates of $1.16. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.12 billion. Henry Schein had a return on equity of 15.56% and a net margin of 5.11%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. On average, analysts anticipate that Henry Schein will post 4.85 EPS for the current fiscal year.Henry Schein declared that its board has initiated a share buyback program on Thursday, August 18th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Henry Schein
Institutional investors have recently bought and sold shares of the stock. AIA Group Ltd raised its holdings in Henry Schein by 32.9% in the 1st quarter. AIA Group Ltd now owns 2,304 shares of the company's stock worth $201,000 after purchasing an additional 571 shares during the period. TCW Group Inc. raised its holdings in Henry Schein by 9.6% during the first quarter. TCW Group Inc. now owns 17,262 shares of the company's stock valued at $1,505,000 after acquiring an additional 1,514 shares during the period. Empirical Finance LLC bought a new stake in Henry Schein during the first quarter valued at about $216,000. Virginia Retirement Systems ET AL raised its holdings in Henry Schein by 89.3% during the first quarter. Virginia Retirement Systems ET AL now owns 233,000 shares of the company's stock valued at $20,315,000 after acquiring an additional 109,900 shares during the period. Finally, Advisor Partners LLC raised its holdings in Henry Schein by 51.9% during the first quarter. Advisor Partners LLC now owns 4,334 shares of the company's stock valued at $378,000 after acquiring an additional 1,481 shares during the period. 94.99% of the stock is owned by institutional investors.
About Henry Schein
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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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