Henry Schein, Inc. (NASDAQ:HSIC) Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in Henry Schein, Inc. (NASDAQ:HSIC) by 5.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,253 shares of the company’s stock after buying an additional 203 shares during the quarter. Sanctuary Advisors LLC’s holdings in Henry Schein were worth $294,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Studio Investment Management LLC raised its stake in shares of Henry Schein by 3.8% during the third quarter. Studio Investment Management LLC now owns 4,674 shares of the company’s stock valued at $341,000 after purchasing an additional 172 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Henry Schein by 2.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,200 shares of the company’s stock valued at $706,000 after purchasing an additional 200 shares in the last quarter. Huntington National Bank raised its stake in shares of Henry Schein by 16.8% during the third quarter. Huntington National Bank now owns 1,515 shares of the company’s stock valued at $110,000 after purchasing an additional 218 shares in the last quarter. Bridge Creek Capital Management LLC raised its stake in shares of Henry Schein by 0.7% during the fourth quarter. Bridge Creek Capital Management LLC now owns 38,763 shares of the company’s stock valued at $2,682,000 after purchasing an additional 260 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of Henry Schein by 91.2% during the fourth quarter. Quent Capital LLC now owns 677 shares of the company’s stock valued at $47,000 after purchasing an additional 323 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HSIC shares. Wells Fargo & Company started coverage on shares of Henry Schein in a research note on Friday, February 14th. They set an “equal weight” rating and a $80.00 price objective on the stock. StockNews.com upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Henry Schein from $77.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Henry Schein in a research report on Wednesday, February 26th. Finally, Bank of America upgraded shares of Henry Schein from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $84.00 in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.10.

Henry Schein Trading Down 0.7 %

Shares of HSIC opened at $70.31 on Wednesday. The business’s 50-day moving average price is $74.41 and its 200 day moving average price is $72.51. The stock has a market capitalization of $8.73 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.13 and a beta of 0.91. Henry Schein, Inc. has a 1-year low of $63.67 and a 1-year high of $82.49. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Henry Schein (NASDAQ:HSIC) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Henry Schein had a return on equity of 12.90% and a net margin of 2.51%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. Analysts expect that Henry Schein, Inc. will post 4.74 earnings per share for the current year.

Henry Schein Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, 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.