Investors Sell Henry Schein, Inc. (HSIC) on Strength (HSIC)
Traders sold shares of Henry Schein, Inc. (NASDAQ:HSIC) on strength during trading on Tuesday. $20.11 million flowed into the stock on the tick-up and $47.45 million flowed out of the stock on the tick-down, for a money net flow of $27.34 million out of the stock. Of all stocks tracked, Henry Schein had the 28th highest net out-flow for the day. Henry Schein traded up $0.54 for the day and closed at $82.45
A number of brokerages have recently issued reports on HSIC. Stifel Nicolaus reaffirmed a “hold” rating on shares of Henry Schein in a research note on Thursday, July 6th. BidaskClub lowered Henry Schein from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Henry Schein from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Piper Jaffray Companies raised Henry Schein from a “neutral” rating to an “overweight” rating in a research note on Friday, September 15th. Finally, UBS AG reaffirmed a “buy” rating on shares of Henry Schein in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. Henry Schein has a consensus rating of “Hold” and an average target price of $92.14.
The firm has a 50-day moving average price of $82.72 and a 200-day moving average price of $87.37. The company has a market cap of $13.04 billion, a P/E ratio of 24.09 and a beta of 1.09.
Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. Henry Schein had a return on equity of 19.91% and a net margin of 4.59%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Henry Schein, Inc. will post $3.64 EPS for the current fiscal year.
Henry Schein announced that its board has initiated a stock repurchase program on Monday, September 18th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, SVP Paul Rose sold 2,126 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $172.51, for a total transaction of $366,756.26. Following the sale, the senior vice president now owns 17,841 shares in the company, valued at $3,077,750.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.19% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its holdings in 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 acquiring an additional 28 shares during the last quarter. Sun Life Financial INC boosted its holdings in 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 acquiring an additional 573 shares during the last quarter. Lee Financial Co acquired a new position in Henry Schein in the second quarter valued at $161,000. Acrospire Investment Management LLC boosted its holdings in Henry Schein by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $183,000 after acquiring an additional 600 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in Henry Schein in the second quarter valued at $204,000. Institutional investors and hedge funds own 44.74% 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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