Retirement Systems of Alabama Acquires 180 Shares of Henry Schein, Inc. (HSIC)
Retirement Systems of Alabama raised its stake in Henry Schein, Inc. (NASDAQ:HSIC) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 38,462 shares of the company’s stock after buying an additional 180 shares during the period. Retirement Systems of Alabama’s holdings in Henry Schein were worth $7,039,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. raised its stake in Henry Schein by 84.0% in the fourth quarter. Macquarie Group Ltd. now owns 4,600 shares of the company’s stock valued at $698,000 after buying an additional 2,100 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Henry Schein by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 24,935 shares of the company’s stock valued at $4,238,000 after buying an additional 300 shares during the last quarter. National Pension Service raised its stake in Henry Schein by 3.7% in the first quarter. National Pension Service now owns 71,506 shares of the company’s stock valued at $12,215,000 after buying an additional 2,550 shares during the last quarter. Atria Investments LLC raised its stake in Henry Schein by 3.1% in the first quarter. Atria Investments LLC now owns 2,114 shares of the company’s stock valued at $359,000 after buying an additional 63 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Henry Schein during the first quarter valued at about $1,054,000. 90.60% of the stock is owned by institutional investors.
Henry Schein, Inc. (NASDAQ:HSIC) opened at 169.27 on Tuesday. The firm’s 50-day moving average is $181.12 and its 200-day moving average is $175.43. The company has a market capitalization of $13.38 billion, a P/E ratio of 24.74 and a beta of 1.09. Henry Schein, Inc. has a 1-year low of $146.23 and a 1-year high of $186.99.
Henry Schein (NASDAQ:HSIC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 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 firm posted $1.64 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Henry Schein, Inc. will post $7.28 EPS for the current year.
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Several equities research analysts have recently issued reports on HSIC shares. Zacks Investment Research raised shares of Henry Schein from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Tuesday, April 25th. Stifel Nicolaus upped their target price on shares of Henry Schein from $174.00 to $178.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Barrington Research upped their target price on shares of Henry Schein from $196.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. Finally, Piper Jaffray Companies assumed coverage on shares of Henry Schein in a research note on Monday, June 12th. They issued a “neutral” rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $185.56.
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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