Henry Schein, Inc. (NASDAQ:HSIC) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc lifted its position in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 274.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457 shares of the company’s stock after acquiring an additional 335 shares during the quarter. Versant Capital Management Inc’s holdings in Henry Schein were worth $32,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Henry Schein by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 145,835 shares of the company’s stock worth $10,631,000 after purchasing an additional 3,037 shares during the period. Franklin Resources Inc. grew its holdings in Henry Schein by 14.0% during the third quarter. Franklin Resources Inc. now owns 37,637 shares of the company’s stock worth $2,673,000 after acquiring an additional 4,621 shares during the period. Tidal Investments LLC raised its position in Henry Schein by 54.9% in the third quarter. Tidal Investments LLC now owns 13,942 shares of the company’s stock worth $1,016,000 after acquiring an additional 4,939 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Henry Schein in the third quarter valued at $109,000. Finally, Virtu Financial LLC purchased a new stake in shares of Henry Schein during the 3rd quarter worth $239,000. 96.62% of the stock is owned by hedge funds and other institutional investors.

Henry Schein Price Performance

NASDAQ:HSIC opened at $71.67 on Wednesday. Henry Schein, Inc. has a 12-month low of $63.67 and a 12-month high of $82.63. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89. The company’s 50-day moving average is $72.13 and its two-hundred day moving average is $70.37. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $3.17 billion for 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 quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 earnings per share. Research analysts expect that Henry Schein, Inc. will post 4.78 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HSIC shares. StockNews.com upgraded shares of Henry Schein from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Evercore ISI increased their target price on shares of Henry Schein from $70.00 to $74.00 and gave the company an “in-line” rating in a report on Tuesday, October 8th. Barrington Research reissued an “outperform” rating and set a $82.00 price target on shares of Henry Schein in a research note on Wednesday, November 6th. Mizuho initiated coverage on Henry Schein in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Bank of America raised Henry Schein from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $84.00 in a report on Monday. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.40.

Insider Transactions at Henry Schein

In related news, COO Michael S. Ettinger sold 12,240 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $75.00, for a total value of $918,000.00. Following the sale, the chief operating officer now directly owns 87,706 shares of the company’s stock, valued at approximately $6,577,950. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.14% of the company’s stock.

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.