LPL Financial LLC Sells 21,487 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

LPL Financial LLC lowered its stake in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 71.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,539 shares of the company's stock after selling 21,487 shares during the period. LPL Financial LLC's holdings in Henry Schein were worth $591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in Henry Schein by 274.6% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the company's stock valued at $32,000 after acquiring an additional 335 shares during the period. Venturi Wealth Management LLC increased its stake in Henry Schein by 3,347.1% during the fourth quarter. Venturi Wealth Management LLC now owns 586 shares of the company's stock valued at $41,000 after acquiring an additional 569 shares during the period. Quent Capital LLC increased its stake in Henry Schein by 91.2% during the fourth quarter. Quent Capital LLC now owns 677 shares of the company's stock valued at $47,000 after acquiring an additional 323 shares during the period. Smartleaf Asset Management LLC increased its stake in Henry Schein by 23.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock valued at $52,000 after acquiring an additional 143 shares during the period. Finally, City State Bank bought a new position in Henry Schein during the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 96.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HSIC. Jefferies Financial Group raised their target price on Henry Schein from $77.00 to $80.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Barrington Research reissued an "outperform" rating and set a $90.00 price objective on shares of Henry Schein in a report on Wednesday, February 26th. StockNews.com cut Henry Schein from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. UBS Group cut their price objective on Henry Schein from $83.00 to $80.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Bank of America raised Henry Schein from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $69.00 to $84.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.10.

Insider Activity at Henry Schein

In related news, CEO Bradford C. Connett sold 4,036 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $71.15, for a total value of $287,161.40. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip A. Laskawy sold 2,604 shares of the company'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 value 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. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by corporate insiders.

Henry Schein Trading Up 0.9 %

NASDAQ HSIC traded up $0.59 on Tuesday, hitting $66.16. The company's stock had a trading volume of 663,389 shares, compared to its average volume of 1,621,554. The company has a quick ratio of 0.82, a current ratio of 1.42 and a debt-to-equity ratio of 0.46. Henry Schein, Inc. has a 1-year low of $60.56 and a 1-year high of $82.49. The company's 50-day moving average is $68.73 and its 200 day moving average is $71.72. The firm has a market cap of $8.11 billion, a PE ratio of 27.23, a PEG ratio of 2.13 and a beta of 0.84.

Henry Schein (NASDAQ:HSIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.04). The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.25 billion. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, analysts predict 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.