Prudential Financial Inc. Lowers Position in Henry Schein, Inc. (HSIC)

Prudential Financial Inc. lowered its stake in Henry Schein, Inc. (NASDAQ:HSIC) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 167,780 shares of the company’s stock after selling 1,300 shares during the period. Prudential Financial Inc.’s holdings in Henry Schein were worth $14,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HSIC. FMR LLC lifted its stake in Henry Schein by 167.3% in the 2nd quarter. FMR LLC now owns 6,632,783 shares of the company’s stock valued at $481,805,000 after buying an additional 4,151,179 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Henry Schein by 2,573.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 802,047 shares of the company’s stock valued at $58,261,000 after buying an additional 772,047 shares in the last quarter. American Century Companies Inc. lifted its stake in Henry Schein by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 2,191,660 shares of the company’s stock valued at $159,202,000 after buying an additional 383,479 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Henry Schein by 11,084.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 355,000 shares of the company’s stock valued at $25,787,000 after buying an additional 351,826 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Henry Schein by 7.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,180,363 shares of the company’s stock valued at $231,022,000 after buying an additional 209,562 shares in the last quarter.

A number of research firms recently issued reports on HSIC. BidaskClub lowered Henry Schein from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 23rd. Barrington Research reaffirmed a “buy” rating and issued a $92.00 target price on shares of Henry Schein in a research note on Tuesday, August 7th. ValuEngine raised Henry Schein from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 13th. Stifel Nicolaus upped their target price on Henry Schein from $76.00 to $81.00 and gave the company a “hold” rating in a research note on Tuesday, August 7th. Finally, Robert W. Baird upped their target price on Henry Schein from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.47.

Shares of Henry Schein stock opened at $89.20 on Friday. Henry Schein, Inc. has a fifty-two week low of $62.56 and a fifty-two week high of $90.52. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.30.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Henry Schein had a return on equity of 20.40% and a net margin of 3.00%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts expect that Henry Schein, Inc. will post 4.12 earnings per share for the current fiscal year.

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Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, animal health clinics, physician practices, 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.

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Institutional Ownership by Quarter for Henry Schein (NASDAQ:HSIC)

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