Henry Schein (NASDAQ:HSIC) Sees Large Volume Increase – What’s Next?

Henry Schein, Inc. (NASDAQ:HSIC) saw strong trading volume on Tuesday . 819,911 shares traded hands during trading, a decline of 41% from the previous session’s volume of 1,397,007 shares.The stock last traded at $77.16 and had previously closed at $76.84.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HSIC. StockNews.com upgraded Henry Schein from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of Henry Schein from $88.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Barrington Research reaffirmed an “outperform” rating and set a $82.00 price target on shares of Henry Schein in a research report on Wednesday, November 6th. UBS Group lowered their price objective on Henry Schein from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Robert W. Baird decreased their price target on Henry Schein from $92.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Henry Schein presently has a consensus rating of “Moderate Buy” and an average price target of $79.38.

Henry Schein Price Performance

The company has a market capitalization of $9.68 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.42 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $71.15 and its 200-day simple moving average is $69.78.

Henry Schein (NASDAQ:HSIC) last announced its earnings results on Tuesday, November 5th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts forecast that Henry Schein, Inc. will post 4.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Henry Schein news, COO Michael S. Ettinger sold 12,240 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $75.00, for a total transaction of $918,000.00. Following the completion of the transaction, the chief operating officer now owns 87,706 shares in the company, valued at $6,577,950. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Lorelei Mcglynn sold 21,035 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $69.30, for a total transaction of $1,457,725.50. Following the completion of the sale, the senior vice president now directly owns 71,833 shares in the company, valued at approximately $4,978,026.90. This represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.

Institutional Trading of Henry Schein

A number of institutional investors have recently bought and sold shares of the business. Cromwell Holdings LLC raised its position in shares of Henry Schein by 93.4% during the 3rd quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Henry Schein during the 2nd quarter worth approximately $31,000. Beach Investment Counsel Inc. PA acquired a new position in shares of Henry Schein in the 2nd quarter valued at $37,000. Blue Trust Inc. grew its position in shares of Henry Schein by 104.2% in the 2nd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $60,000 after buying an additional 475 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Henry Schein by 58.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock worth $68,000 after acquiring an additional 346 shares in the last quarter. 96.62% of the stock is owned by hedge funds and other institutional investors.

About Henry Schein

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.