LGT Group Foundation Acquires 8,564 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

Key Points

• LGT Group Foundation increased its stake in Henry Schein, acquiring an additional 8,564 shares for a total of 298,132 shares, representing about 0.24% of the company, valued at approximately $20.4 million.
• JPMorgan Chase & Co. is among several institutional investors who have also increased their positions in Henry Schein, raising their stake by 6.5% during the first quarter.
• Analysts have issued mixed ratings, with Baird downgrading the stock from a "strong-buy" to a "hold," and a consensus price target now set at $75.58.

LGT Group Foundation lifted its stake in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,132 shares of the company's stock after purchasing an additional 8,564 shares during the period. LGT Group Foundation owned about 0.24% of Henry Schein worth $20,419,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new position in shares of Henry Schein in the 4th quarter valued at approximately $32,000. Rakuten Securities Inc. purchased a new position in Henry Schein in the 1st quarter valued at $34,000. Whittier Trust Co. lifted its holdings in Henry Schein by 714.3% in the 1st quarter. Whittier Trust Co. now owns 798 shares of the company's stock valued at $55,000 after purchasing an additional 700 shares in the last quarter. UMB Bank n.a. raised its holdings 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 acquiring an additional 201 shares during the period. Finally, Allworth Financial LP raised its holdings in Henry Schein by 24.5% in the 1st quarter. Allworth Financial LP now owns 1,178 shares of the company's stock valued at $78,000 after buying an additional 232 shares during the period. 96.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HSIC has been the subject of a number of analyst reports. Wall Street Zen downgraded Henry Schein from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Robert W. Baird reaffirmed a "neutral" rating and set a $72.00 price target (down from $82.00) on shares of Henry Schein in a report on Monday, July 14th. JPMorgan Chase & Co. cut their price objective 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. UBS Group decreased their price objective on Henry Schein from $75.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Baird R W lowered Henry Schein from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $75.58.

Henry Schein Stock Performance

Henry Schein stock traded down $0.07 during trading on Friday, hitting $67.84. The stock had a trading volume of 1,675,382 shares, compared to its average volume of 2,075,710. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.81. The stock's 50 day moving average is $70.81 and its two-hundred day moving average is $70.85. Henry Schein, Inc. has a 1 year low of $60.56 and a 1 year high of $82.49. The company has a quick ratio of 0.78, a current ratio of 1.41 and a debt-to-equity ratio of 0.51.

Henry Schein (NASDAQ:HSIC - Get Free Report) last released its 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 firm 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 firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. As a group, analysts predict that Henry Schein, Inc. will post 4.74 EPS for the current 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.