Henry Schein (HSIC) Coverage Initiated at Deutsche Bank
Equities researchers at Deutsche Bank began coverage on shares of Henry Schein (NASDAQ:HSIC) in a report released on Friday. The firm set a “buy” rating and a $79.00 price target on the stock. Deutsche Bank’s target price suggests a potential upside of 16.35% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Credit Suisse Group reissued a “hold” rating and issued a $87.50 price target on shares of Henry Schein in a research note on Tuesday, August 29th. Piper Jaffray Companies raised shares of Henry Schein from a “neutral” rating to an “overweight” rating in a research note on Friday, September 15th. Craig Hallum raised shares of Henry Schein from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Henry Schein from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Finally, Morgan Stanley started coverage on shares of Henry Schein in a research note on Thursday, September 21st. They issued an “equal weight” rating and a $88.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $87.79.
Henry Schein (NASDAQ HSIC) opened at $67.90 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 1.55. Henry Schein has a 52 week low of $65.28 and a 52 week high of $93.50. The company has a market cap of $10,657.18, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99.
Henry Schein (NASDAQ:HSIC) last issued its earnings results on Monday, November 6th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Henry Schein had a return on equity of 19.71% and a net margin of 4.52%. Henry Schein’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. equities analysts predict that Henry Schein will post 3.6 EPS for the current fiscal year.
Henry Schein declared that its Board of Directors has authorized a share repurchase plan on Monday, September 18th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to buy up to 6.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
In related news, Director Barry J. Alperin sold 5,796 shares of Henry Schein stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $70.76, for a total value of $410,124.96. Following the completion of the transaction, the director now owns 48,172 shares in the company, valued at $3,408,650.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.19% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its holdings in shares of Henry Schein by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 570 shares of the company’s stock valued at $104,000 after purchasing an additional 28 shares in the last quarter. Sun Life Financial INC grew its holdings in shares of Henry Schein by 8,185.7% in the second quarter. Sun Life Financial INC now owns 580 shares of the company’s stock valued at $106,000 after purchasing an additional 573 shares in the last quarter. FTB Advisors Inc. grew its holdings in shares of Henry Schein by 100.0% in the third quarter. FTB Advisors Inc. now owns 1,484 shares of the company’s stock valued at $120,000 after purchasing an additional 742 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Henry Schein by 56.7% in the third quarter. Trust Co. of Vermont now owns 1,702 shares of the company’s stock valued at $140,000 after purchasing an additional 616 shares in the last quarter. Finally, Lee Financial Co grew its holdings in shares of Henry Schein by 100.0% in the third quarter. Lee Financial Co now owns 1,756 shares of the company’s stock valued at $144,000 after purchasing an additional 878 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
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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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