Burgundy Asset Management Ltd. Has $153.11 Million Stock Holdings in Henry Schein, Inc. $HSIC

Key Points

• Burgundy Asset Management Ltd. increased its holdings in Henry Schein, Inc. by 33.9% during Q1, acquiring an additional 566,530 shares to reach a total of 2,235,429 shares.
• Henry Schein reported EPS of $1.10 for the last quarter, missing the consensus estimate by $0.09, while revenue increased by 3.3% year-over-year.
• Equities analysts have downgraded Henry Schein's price targets, with an average target of $75.58 and most analysts rating it as a "hold."

Burgundy Asset Management Ltd. lifted its holdings in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 33.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,235,429 shares of the company's stock after buying an additional 566,530 shares during the quarter. Henry Schein comprises 1.6% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 27th biggest holding. Burgundy Asset Management Ltd. owned about 1.84% of Henry Schein worth $153,105,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HSIC. Palestra Capital Management LLC bought a new position in shares of Henry Schein in the fourth quarter valued at about $182,988,000. Steadfast Capital Management LP raised its holdings in shares of Henry Schein by 254.2% in the fourth quarter. Steadfast Capital Management LP now owns 1,637,808 shares of the company's stock valued at $113,336,000 after buying an additional 1,175,408 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in Henry Schein by 102.1% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,465,007 shares of the company's stock worth $101,378,000 after purchasing an additional 740,007 shares during the last quarter. Ananym Capital Management LP bought a new stake in Henry Schein during the 4th quarter worth about $32,628,000. Finally, Millennium Management LLC raised its holdings in Henry Schein by 451.7% during the 4th quarter. Millennium Management LLC now owns 497,554 shares of the company's stock worth $34,431,000 after purchasing an additional 407,376 shares during the last quarter. 96.62% of the stock is owned by institutional investors.

Henry Schein Trading Up 0.5%

Shares of HSIC stock traded up $0.33 on Wednesday, reaching $68.64. The company had a trading volume of 2,059,320 shares, compared to its average volume of 1,773,902. The company has a current ratio of 1.41, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.32 billion, a PE ratio of 22.14, a PEG ratio of 2.22 and a beta of 0.81. The company has a 50-day moving average of $70.67 and a 200-day moving average of $70.61. Henry Schein, Inc. has a 12 month low of $60.56 and a 12 month high of $82.49.

Henry Schein (NASDAQ:HSIC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.09). The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.22 billion. Henry Schein had a net margin of 3.05% and a return on equity of 14.36%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Henry Schein has set its FY 2025 guidance at 4.800-4.940 EPS. On average, equities analysts forecast that Henry Schein, Inc. will post 4.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Robert W. Baird reissued a "neutral" rating and set a $72.00 price objective (down from $82.00) on shares of Henry Schein in a report on Monday, July 14th. Piper Sandler dropped their price objective on Henry Schein from $83.00 to $77.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Leerink Partners set a $75.00 price objective on Henry Schein in a report on Monday, July 14th. Stifel Nicolaus reissued a "hold" rating and set a $75.00 price objective (down from $80.00) on shares of Henry Schein in a report on Friday, July 25th. Finally, Baird R W cut Henry Schein from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Henry Schein presently has a consensus rating of "Hold" and an average price target of $75.58.

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.