Hsbc Holdings PLC Sells 69,492 Shares of Henry Schein, Inc. $HSIC

Key Points

• Hsbc Holdings PLC has reduced its stake in Henry Schein, Inc. by 34.2%, now holding around 0.11% of the company, worth approximately $9.16 million.
• Several institutional investors have altered their positions in Henry Schein, with notable increases from JPMorgan Chase & Co. and Burgundy Asset Management Ltd., highlighting strong interest in the stock.
• Henry Schein's quarterly earnings report showed an EPS of $1.10, missing estimates, and a revenue increase of 3.3% compared to the prior year.

Hsbc Holdings PLC cut its holdings in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 34.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,840 shares of the company's stock after selling 69,492 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of Henry Schein worth $9,160,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Henry Schein by 6.5% during the first quarter. JPMorgan Chase & Co. now owns 6,373,036 shares of the company's stock valued at $436,489,000 after purchasing an additional 390,399 shares in the last quarter. Palestra Capital Management LLC bought a new position in shares of Henry Schein during the fourth quarter worth about $182,988,000. Dimensional Fund Advisors LP increased its holdings in Henry Schein by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,240,933 shares of the company's stock worth $153,480,000 after purchasing an additional 103,384 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings 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 worth $153,105,000 after purchasing an additional 566,530 shares in the last quarter. Finally, Steadfast Capital Management LP increased its holdings 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 worth $113,336,000 after purchasing an additional 1,175,408 shares in the last quarter. 96.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus reissued a "hold" rating and issued a $75.00 price objective (down previously from $80.00) on shares of Henry Schein in a research note on Friday, July 25th. Barrington Research cut their target price on Henry Schein from $86.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Robert W. Baird reissued a "neutral" rating and issued a $72.00 price objective (down previously from $82.00) on shares of Henry Schein in a research report on Monday, July 14th. Wall Street Zen raised Henry Schein from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lowered their target price on Henry Schein from $80.00 to $76.00 and set an "overweight" rating on the stock in a research note 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $76.67.

Henry Schein Price Performance

Shares of HSIC traded up $0.55 during midday trading on Friday, reaching $69.58. The stock had a trading volume of 1,021,767 shares, compared to its average volume of 2,115,911. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.81. Henry Schein, Inc. has a 12-month low of $60.56 and a 12-month high of $82.49. The company's 50-day moving average is $70.35 and its 200 day moving average is $70.04. The company has a current ratio of 1.41, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.

Henry Schein (NASDAQ:HSIC - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $3.22 billion. Henry Schein had a net margin of 3.05% and a return on equity of 14.36%. The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior 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 predict that Henry Schein, Inc. will post 4.74 EPS for the current fiscal year.

About Henry Schein

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.