Henry Schein, Inc. (NASDAQ:HSIC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Henry Schein, Inc. (NASDAQ:HSIC) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $77.50.

A number of equities analysts have recently issued reports on HSIC shares. Baird R W upgraded shares of Henry Schein from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Barrington Research reissued an “outperform” rating and set a $82.00 price objective on shares of Henry Schein in a research report on Friday, September 20th. Evercore ISI lifted their price objective on shares of Henry Schein from $70.00 to $74.00 and gave the company an “in-line” rating in a research note on Tuesday, October 8th. Robert W. Baird decreased their target price on shares of Henry Schein from $92.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com lowered Henry Schein from a “hold” rating to a “sell” rating in a report on Wednesday.

Insider Activity at Henry Schein

In other Henry Schein news, SVP Lorelei Mcglynn sold 21,035 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $69.30, for a total transaction of $1,457,725.50. Following the transaction, the senior vice president now owns 71,833 shares in the company, valued at approximately $4,978,026.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.14% of the stock is owned by insiders.

Institutional Trading of Henry Schein

Institutional investors have recently modified their holdings of the business. Cromwell Holdings LLC raised its position in Henry Schein by 93.4% in the third quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Henry Schein in the 2nd quarter valued at about $31,000. Beach Investment Counsel Inc. PA acquired a new stake in shares of Henry Schein in the second quarter valued at about $37,000. Blue Trust Inc. boosted its holdings in Henry Schein by 104.2% during the second quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $60,000 after buying an additional 475 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Henry Schein by 58.9% during the third quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock worth $68,000 after buying an additional 346 shares during the period. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

Henry Schein Stock Performance

NASDAQ:HSIC opened at $70.37 on Monday. The business’s fifty day moving average price is $70.64 and its 200 day moving average price is $69.79. The firm has a market capitalization of $8.92 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.86. Henry Schein has a 12 month low of $60.01 and a 12 month high of $82.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.90.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.01. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.27 billion. Henry Schein had a return on equity of 13.19% and a net margin of 2.82%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. On average, sell-side analysts anticipate that Henry Schein will post 4.74 earnings per share for the current fiscal year.

About Henry Schein

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, 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.