Henry Schein’s (NASDAQ:HSIC) “Hold” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of Henry Schein, Inc. (NASDAQ:HSIC) in a report published on Friday, July 21st. Jefferies Group LLC currently has a $177.00 target price on the stock.

Several other research firms have also weighed in on HSIC. Piper Jaffray Companies began coverage on shares of Henry Schein in a research note on Monday, June 12th. They set a neutral rating and a $200.00 target price for the company. Zacks Investment Research lowered shares of Henry Schein from a buy rating to a hold rating in a research report on Friday, June 23rd. Credit Suisse Group restated a hold rating and set a $160.00 price target on shares of Henry Schein in a research report on Thursday, July 13th. Stifel Nicolaus restated a hold rating on shares of Henry Schein in a research report on Thursday, July 6th. Finally, Barrington Research upped their price objective on shares of Henry Schein from $196.00 to $198.00 and gave the stock an outperform rating in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. Henry Schein presently has an average rating of Hold and a consensus target price of $185.56.

Shares of Henry Schein (NASDAQ:HSIC) traded down 0.07% during mid-day trading on Friday, reaching $169.49. 525,408 shares of the company’s stock traded hands. The company’s 50-day moving average price is $179.49 and its 200-day moving average price is $175.49. Henry Schein has a 12-month low of $146.23 and a 12-month high of $186.99. The stock has a market capitalization of $13.40 billion, a PE ratio of 24.77 and a beta of 1.09. Henry Schein shares are going to split on Friday, September 15th. The 2-1 split was announced on Wednesday, August 16th. The newly minted shares will be payable to shareholders after the market closes on Thursday, September 14th.

Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. Analysts anticipate that Henry Schein will post $7.27 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank increased its position in shares of Henry Schein by 25.7% in the second quarter. Toronto Dominion Bank now owns 26,872 shares of the company’s stock valued at $4,917,000 after buying an additional 5,487 shares during the period. WINTON GROUP Ltd boosted its stake in Henry Schein by 14.9% in the second quarter. WINTON GROUP Ltd now owns 11,297 shares of the company’s stock valued at $2,068,000 after buying an additional 1,465 shares in the last quarter. Colony Group LLC boosted its stake in Henry Schein by 1.3% in the second quarter. Colony Group LLC now owns 12,734 shares of the company’s stock valued at $2,331,000 after buying an additional 158 shares in the last quarter. Verition Fund Management LLC boosted its stake in Henry Schein by 130.7% in the second quarter. Verition Fund Management LLC now owns 4,152 shares of the company’s stock valued at $760,000 after buying an additional 2,352 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its stake in Henry Schein by 89.4% in the second quarter. Nomura Holdings Inc. now owns 8,480 shares of the company’s stock valued at $1,553,000 after buying an additional 4,003 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

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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