Daiwa Securities Group Inc. Grows Stock Holdings in Henry Schein, Inc. (NASDAQ:HSIC)

Daiwa Securities Group Inc. increased its stake in Henry Schein, Inc. (NASDAQ:HSIC) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 16,486 shares of the company’s stock after purchasing an additional 850 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Henry Schein were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Isthmus Partners LLC raised its stake in shares of Henry Schein by 2.8% in the fourth quarter. Isthmus Partners LLC now owns 9,888 shares of the company’s stock valued at $684,000 after acquiring an additional 266 shares in the last quarter. Amundi raised its stake in shares of Henry Schein by 12.0% in the fourth quarter. Amundi now owns 736,637 shares of the company’s stock valued at $52,345,000 after acquiring an additional 79,056 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Henry Schein by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 86,601 shares of the company’s stock valued at $5,993,000 after acquiring an additional 458 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Henry Schein by 119.5% in the fourth quarter. Edgestream Partners L.P. now owns 10,472 shares of the company’s stock valued at $725,000 after acquiring an additional 5,702 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its stake in shares of Henry Schein by 66.8% in the fourth quarter. E Fund Management Co. Ltd. now owns 4,652 shares of the company’s stock valued at $322,000 after acquiring an additional 1,863 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Jefferies Financial Group increased their price objective on Henry Schein from $77.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company started coverage on Henry Schein in a research note on Friday, February 14th. They issued an “equal weight” rating and a $80.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Henry Schein in a research note on Wednesday, February 26th. Mizuho started coverage on Henry Schein in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $75.00 price target on the stock. Finally, Bank of America upgraded Henry Schein from an “underperform” rating to a “buy” rating and raised their price target for the company from $69.00 to $84.00 in a research note on Monday, January 6th. Six equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.10.

Henry Schein Stock Up 1.1 %

Henry Schein stock opened at $70.58 on Friday. Henry Schein, Inc. has a fifty-two week low of $63.67 and a fifty-two week high of $82.49. 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 company has a market capitalization of $8.76 billion, a P/E ratio of 29.05, a PEG ratio of 2.13 and a beta of 0.90. The stock has a 50-day simple moving average of $74.84 and a 200-day simple moving average of $72.60.

Henry Schein (NASDAQ:HSIC) last posted its earnings results on Tuesday, February 25th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.04). The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. Equities research analysts expect that Henry Schein, Inc. will post 4.74 earnings per share for the current 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.