Henry Schein Inc. (NASDAQ: HSIC) stock fell -0.64% on Thursday to $75.08 against a previous-day closing price of $75.56. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Medical Distribution company that operates in wider Healthcare sector, reached to the highest price of $75.39 whereas the lowest price it dropped to was $74.31. The 52-week range on HSIC shows that it touched its highest point at $89.72 and its lowest point at $64.75 during that stretch. It currently has a 1-year price target of $84.00. Beta for the stock currently stands at 0.83.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HSIC was down-trending over the past week, with a drop of -1.92%, but this was down by -7.55% over a month. Three-month performance dropped to -7.10% while six-month performance fell -6.15%. The stock lost -10.56% in the past year, while it has lost -6.00% so far this year. A look at the trailing 12-month EPS for HSIC yields 3.50 with Next year EPS estimates of 5.72. For the next quarter, that number is 1.27. This implies an EPS growth rate of -12.30% for this year and 8.56% for next year. EPS is expected to grow by 7.14% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.20%.
Float and Shares Shorts:
At present, 131.37 million HSIC shares are outstanding with a float of 130.47 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.31 million, which was 3.29% higher than short shares on Mar 30, 2023. In addition to Mr. Stanley M. Bergman as the firm’s Exec. Chairman & CEO, Mr. James P. Breslawski serves as its Exec. Vice Chairman & Pres.
Institutional Ownership:
Through their ownership of 100.96% of HSIC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.57% of HSIC, in contrast to 5.54% held by mutual funds. Shares owned by individuals account for 43.36%. As the largest shareholder in HSIC with 11.34% of the stake, The Vanguard Group, Inc. holds 14,878,835 shares worth 14,878,835. A second-largest stockholder of HSIC, Generation Investment Management, holds 12,384,409 shares, controlling over 9.44% of the firm’s shares. Longview Partners LLP is the third largest shareholder in HSIC, holding 7,263,670 shares or 5.54% stake. With a 3.31% stake in HSIC, the Alecta Pension is the largest stakeholder. A total of 4,340,591 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of HSIC stock, is the second-largest Mutual Fund holder. It holds 4,080,107 shares valued at 329.71 million. Vanguard 500 Index Fund holds 2.42% of the stake in HSIC, owning 3,181,495 shares worth 257.1 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 31, 2023, HSIC reported revenue of $3.03B and operating income of $220.00M. The EBITDA in the recently reported quarter was $276.00M and diluted EPS was $1.16.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HSIC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HSIC analysts setting a high price target of $96.00 and a low target of $69.00, the average target price over the next 12 months is $83.69. Based on these targets, HSIC could surge 27.86% to reach the target high and fall by -8.1% to reach the target low. Reaching the average price target will result in a growth of 11.47% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded HSIC stock several times over the past three months with 30 Buys and 45 Sells. In these transactions, 255,693 shares were bought while 334,935 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 61 over the past year. The total number of shares bought during that period was 257,842 while 479,107 shares were sold.
