Henry Schein (NASDAQ:HSIC) Reaches New 12-Month Low - Here's Why

Henry Schein, Inc. (NASDAQ:HSIC - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $63.00 and last traded at $63.93, with a volume of 99296 shares traded. The stock had previously closed at $66.59.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HSIC. Barrington Research restated an "outperform" rating and issued a $90.00 price objective on shares of Henry Schein in a research note on Wednesday, February 26th. UBS Group decreased their target price on Henry Schein from $83.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Bank of America upgraded Henry Schein from an "underperform" rating to a "buy" rating and raised their price target for the stock from $69.00 to $84.00 in a research note on Monday, January 6th. Jefferies Financial Group increased their price objective on Henry Schein from $77.00 to $80.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company began coverage on shares of Henry Schein in a research report on Friday, February 14th. They issued an "equal weight" rating and a $80.00 price target for the company. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Henry Schein has an average rating of "Moderate Buy" and a consensus target price of $81.10.

Henry Schein Stock Performance

The company has a market capitalization of $7.98 billion, a PE ratio of 26.68, a P/E/G ratio of 2.13 and a beta of 0.84. The stock has a 50-day simple moving average of $73.10 and a 200 day simple moving average of $72.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.42 and a quick ratio of 0.82.

Henry Schein (NASDAQ:HSIC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.04). The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.25 billion. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. Henry Schein's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Equities analysts anticipate that Henry Schein, Inc. will post 4.74 EPS for the current fiscal year.

Insider Activity at Henry Schein

In other news, CEO Bradford C. Connett sold 4,036 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $71.15, for a total value of $287,161.40. Following the completion of the transaction, the chief executive officer now owns 62,688 shares of the company's stock, valued at $4,460,251.20. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Philip A. Laskawy sold 2,604 shares of Henry Schein stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $71.04, for a total transaction of $184,988.16. Following the completion of the sale, the director now directly owns 24,805 shares of the company's stock, valued at $1,762,147.20. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.14% of the stock is owned by corporate insiders.

Institutional Trading of Henry Schein

Hedge funds have recently added to or reduced their stakes in the business. MML Investors Services LLC boosted its position in shares of Henry Schein by 5.1% in the third quarter. MML Investors Services LLC now owns 11,000 shares of the company's stock worth $802,000 after acquiring an additional 535 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Henry Schein by 1.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 38,816 shares of the company's stock worth $2,830,000 after acquiring an additional 373 shares during the last quarter. Barclays PLC lifted its stake in shares of Henry Schein by 6.9% in the 3rd quarter. Barclays PLC now owns 286,475 shares of the company's stock valued at $20,882,000 after purchasing an additional 18,458 shares in the last quarter. M&T Bank Corp increased its position in Henry Schein by 4.5% during the 3rd quarter. M&T Bank Corp now owns 10,990 shares of the company's stock worth $802,000 after purchasing an additional 472 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Henry Schein by 68.3% during the third quarter. Toronto Dominion Bank now owns 62,779 shares of the company's stock valued at $4,577,000 after buying an additional 25,474 shares in the last quarter. 96.62% of the stock is owned by institutional investors and hedge funds.

Henry Schein Company 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.