Asset Management One Co. Ltd. Lowers Stock Holdings in Henry Schein, Inc. (NASDAQ:HSIC)

Asset Management One Co. Ltd. lessened its position in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 85.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,547 shares of the company's stock after selling 43,951 shares during the period. Asset Management One Co. Ltd.'s holdings in Henry Schein were worth $517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HSIC. Smartleaf Asset Management LLC lifted its stake in shares of Henry Schein by 23.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock worth $52,000 after buying an additional 143 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Henry Schein by 2.5% during the 4th quarter. Guggenheim Capital LLC now owns 6,428 shares of the company's stock worth $445,000 after buying an additional 159 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Henry Schein by 4.7% during the 4th quarter. Metis Global Partners LLC now owns 4,203 shares of the company's stock worth $291,000 after buying an additional 187 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Henry Schein by 23.2% during the 1st quarter. UMB Bank n.a. now owns 1,066 shares of the company's stock worth $73,000 after buying an additional 201 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Henry Schein by 5.0% during the 4th quarter. Sanctuary Advisors LLC now owns 4,253 shares of the company's stock worth $294,000 after buying an additional 203 shares during the last quarter. Institutional investors own 96.62% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HSIC. Piper Sandler dropped their price objective on shares of Henry Schein from $83.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Henry Schein from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Barrington Research dropped their target price on shares of Henry Schein from $90.00 to $86.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their target price on shares of Henry Schein from $80.00 to $75.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Henry Schein presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.30.

Henry Schein Stock Up 0.2%

HSIC traded up $0.19 during trading on Friday, hitting $74.67. 699,008 shares of the company's stock were exchanged, compared to its average volume of 1,721,443. The company has a quick ratio of 0.75, a current ratio of 1.38 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $70.70 and its two-hundred day moving average is $71.18. Henry Schein, Inc. has a fifty-two week low of $60.56 and a fifty-two week high of $82.49. The stock has a market cap of $9.09 billion, a P/E ratio of 23.33, a PEG ratio of 2.41 and a beta of 0.87.

Henry Schein (NASDAQ:HSIC - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. Henry Schein had a net margin of 3.21% and a return on equity of 14.87%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business's revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Henry Schein, Inc. will post 4.74 earnings per share for the current fiscal 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.