Henry Schein, Inc. (HSIC) Now Covered by Morgan Stanley

Equities researchers at Morgan Stanley started coverage on shares of Henry Schein, Inc. (NASDAQ:HSIC) in a research report issued on Thursday. The brokerage set an “equal weight” rating and a $88.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 10.55% from the stock’s previous close.

HSIC has been the topic of a number of other reports. Credit Suisse Group reiterated a “hold” rating and issued a $87.50 target price on shares of Henry Schein in a research report on Tuesday, August 29th. BidaskClub downgraded Henry Schein from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Henry Schein from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Thursday, May 25th. Piper Jaffray Companies initiated coverage on Henry Schein in a research report on Monday, June 12th. They issued a “neutral” rating and a $100.00 target price on the stock. Finally, Northcoast Research upgraded Henry Schein from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $92.85.

Henry Schein (HSIC) opened at 79.60 on Thursday. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 11.63 and a beta of 1.10. Henry Schein has a 12 month low of $73.11 and a 12 month high of $93.50. The stock’s 50 day moving average price is $85.78 and its 200 day moving average price is $88.02.

Henry Schein (NASDAQ:HSIC) last posted its earnings results on Tuesday, August 8th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.05 billion. Henry Schein had a return on equity of 19.91% and a net margin of 4.59%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. Equities research analysts anticipate that Henry Schein will post $3.64 earnings per share for the current fiscal year.

Henry Schein declared that its board has approved a share repurchase plan on Monday, September 18th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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In other news, SVP Paul Rose sold 2,126 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 17,841 shares of the company’s stock, valued at $3,077,750.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.27% of the company’s stock.

A number of large investors have recently made changes to their positions in HSIC. Waldron LP bought a new position in Henry Schein in the first quarter worth approximately $286,000. Mutual of America Capital Management LLC boosted its position in Henry Schein by 12.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 10,122 shares of the company’s stock valued at $1,720,000 after acquiring an additional 1,106 shares in the last quarter. Norinchukin Bank The boosted its position in Henry Schein by 5.4% during the 1st quarter. Norinchukin Bank The now owns 5,147 shares of the company’s stock valued at $875,000 after acquiring an additional 264 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Henry Schein by 1.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 4,360 shares of the company’s stock valued at $741,000 after acquiring an additional 65 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in Henry Schein by 73.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,010 shares of the company’s stock valued at $2,721,000 after acquiring an additional 6,767 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Henry Schein (NASDAQ:HSIC)

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