Henry Schein (NASDAQ:HSIC) Shares Gap Up - What's Next?

Henry Schein, Inc. (NASDAQ:HSIC - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $71.98, but opened at $73.74. Henry Schein shares last traded at $70.88, with a volume of 54,651 shares trading hands.

Analysts Set New Price Targets

HSIC has been the subject of several recent analyst reports. UBS Group cut their target price on Henry Schein from $83.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wall Street Zen downgraded Henry Schein from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Wells Fargo & Company decreased their target price on Henry Schein from $80.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Barrington Research lowered their target price on Henry Schein from $90.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Finally, Piper Sandler reduced their price target on shares of Henry Schein from $83.00 to $77.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Henry Schein presently has an average rating of "Moderate Buy" and a consensus price target of $79.30.

Henry Schein Trading Up 1.9%

The business's fifty day moving average is $67.65 and its 200-day moving average is $71.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.42. The firm has a market cap of $8.63 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 2.13 and a beta of 0.87.

Henry Schein (NASDAQ:HSIC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.24 billion. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. Analysts predict that Henry Schein, Inc. will post 4.74 EPS for the current year.

Insiders Place Their Bets

In other Henry Schein news, Director Philip A. Laskawy sold 2,604 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $71.04, for a total transaction of $184,988.16. Following the completion of the transaction, the director now owns 24,805 shares in the company, valued at approximately $1,762,147.20. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradford C. Connett sold 4,036 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $71.15, for a total transaction of $287,161.40. Following the completion of the sale, the chief executive officer now directly owns 62,688 shares in the company, valued at approximately $4,460,251.20. This represents a 6.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.08% of the company's stock.

Institutional Trading of Henry Schein

A number of large investors have recently bought and sold shares of HSIC. Investment Management Corp VA ADV acquired a new position in shares of Henry Schein during the fourth quarter worth approximately $32,000. Rakuten Securities Inc. bought a new stake in Henry Schein during the 1st quarter valued at $34,000. Venturi Wealth Management LLC raised its holdings in Henry Schein by 3,347.1% during the fourth quarter. Venturi Wealth Management LLC now owns 586 shares of the company's stock worth $41,000 after buying an additional 569 shares during the last quarter. Quent Capital LLC raised its holdings in Henry Schein by 91.2% during the fourth quarter. Quent Capital LLC now owns 677 shares of the company's stock worth $47,000 after buying an additional 323 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Henry Schein by 23.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock valued at $52,000 after buying an additional 143 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.

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.