234,998 Shares in Henry Schein, Inc. $HSIC Acquired by Clearline Capital LP

Key Points

• Clearline Capital LP acquired a new position in Henry Schein, Inc., purchasing 234,998 shares valued at approximately $16.1 million, constituting 1.0% of its investment portfolio.
• Henry Schein's stock price recently opened at $69.43, showing a market capitalization of $8.42 billion and a P/E ratio of 22.40.
• Although Henry Schein reported quarterly earnings that missed analysts' estimates, the company experienced a revenue increase of 3.3% compared to the previous year.

Clearline Capital LP acquired a new position in shares of Henry Schein, Inc. (NASDAQ:HSIC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 234,998 shares of the company's stock, valued at approximately $16,095,000. Henry Schein comprises approximately 1.0% of Clearline Capital LP's holdings, making the stock its 22nd biggest position. Clearline Capital LP owned 0.19% of Henry Schein at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Steadfast Capital Management LP raised its position in 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 purchasing an additional 1,175,408 shares during the last quarter. Hudson Bay Capital Management LP raised its position in Henry Schein by 102.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 1,465,007 shares of the company's stock valued at $101,378,000 after purchasing an additional 740,007 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Henry Schein by 33.9% in the first quarter. Burgundy Asset Management Ltd. now owns 2,235,429 shares of the company's stock valued at $153,105,000 after purchasing an additional 566,530 shares during the last quarter. Jones Financial Companies Lllp raised its position in Henry Schein by 24,351.3% in the first quarter. Jones Financial Companies Lllp now owns 542,330 shares of the company's stock valued at $37,144,000 after purchasing an additional 540,112 shares during the last quarter. Finally, Ananym Capital Management LP bought a new position in Henry Schein in the fourth quarter valued at about $32,628,000. 96.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HSIC. Robert W. Baird reiterated a "neutral" rating and issued a $72.00 target price (down from $82.00) on shares of Henry Schein in a research report on Monday, July 14th. UBS Group dropped their target price on Henry Schein from $75.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Baird R W downgraded Henry Schein from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 14th. Stifel Nicolaus reiterated a "hold" rating and issued a $75.00 target price (down from $80.00) on shares of Henry Schein in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on Henry Schein from $80.00 to $76.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Henry Schein currently has an average rating of "Hold" and a consensus price target of $76.67.

Henry Schein Trading Down 0.8%

Shares of HSIC stock traded down $0.54 on Friday, hitting $69.01. The company had a trading volume of 1,096,277 shares, compared to its average volume of 1,741,614. The firm has a market cap of $8.37 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.22 and a beta of 0.86. The stock's 50-day moving average is $69.44 and its two-hundred day moving average is $69.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.41. Henry Schein, Inc. has a twelve month low of $60.56 and a twelve month high of $82.49.

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