Henry Schein, Inc. (NASDAQ:HSIC) Shares Bought by TCW Group Inc.

Key Points

• TCW Group Inc. increased its holdings in Henry Schein, Inc. by 31.3% in Q1, now owning 36,877 shares valued at approximately $2.53 million.
• Henry Schein's stock opened at $70.46 with a twelve-month range between $60.56 and $82.49 and has a market cap of $8.58 billion.
• The company reported Q1 earnings of $1.15 per share, surpassing estimates, with a revenue of $3.17 billion, slightly below projections.

TCW Group Inc. grew its holdings in shares of Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 31.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,877 shares of the company's stock after purchasing an additional 8,800 shares during the period. TCW Group Inc.'s holdings in Henry Schein were worth $2,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Henry Schein by 20.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 212,047 shares of the company's stock worth $14,650,000 after acquiring an additional 35,471 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in shares of Henry Schein by 11.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 12,660 shares of the company's stock worth $876,000 after acquiring an additional 1,285 shares during the period. UniSuper Management Pty Ltd increased its holdings in shares of Henry Schein by 10.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 24,957 shares of the company's stock worth $1,727,000 after acquiring an additional 2,338 shares during the period. Blair William & Co. IL increased its holdings in shares of Henry Schein by 9.0% in the 4th quarter. Blair William & Co. IL now owns 6,906 shares of the company's stock worth $478,000 after acquiring an additional 568 shares during the period. Finally, Norges Bank acquired a new stake in shares of Henry Schein in the 4th quarter worth about $103,301,000. 96.62% of the stock is owned by institutional investors and hedge funds.

Henry Schein Stock Performance

NASDAQ:HSIC opened at $70.46 on Tuesday. Henry Schein, Inc. has a twelve month low of $60.56 and a twelve month high of $82.49. The company has a current ratio of 1.38, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $71.88 and a 200-day moving average of $71.39. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87.

Henry Schein (NASDAQ:HSIC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.15 earnings per share for the quarter, beating 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 company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the firm posted $1.10 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that Henry Schein, Inc. will post 4.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Leerink Partners set a $75.00 price objective on shares of Henry Schein in a report on Monday, July 14th. Evercore ISI increased their target price on shares of Henry Schein from $72.00 to $78.00 and gave the company an "in-line" rating in a research report on Wednesday, July 9th. Stifel Nicolaus reiterated a "hold" rating and issued a $75.00 target price (down previously from $80.00) on shares of Henry Schein in a research report on Friday. Robert W. Baird reiterated a "neutral" rating and issued a $72.00 target price (down previously from $82.00) on shares of Henry Schein in a research report on Monday, July 14th. Finally, Piper Sandler decreased their target price on shares of Henry Schein from $83.00 to $77.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Henry Schein currently has an average rating of "Hold" and an average price target of $78.08.

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.

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