Forum Financial Management LP Raises Position in Henry Schein, Inc. $HSIC

Forum Financial Management LP lifted its stake in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 30.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,180 shares of the company’s stock after purchasing an additional 971 shares during the period. Forum Financial Management LP’s holdings in Henry Schein were worth $305,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HSIC. GAMMA Investing LLC increased its stake in shares of Henry Schein by 37.8% during the 1st quarter. GAMMA Investing LLC now owns 3,939 shares of the company’s stock worth $270,000 after purchasing an additional 1,081 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Henry Schein by 5.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,745 shares of the company’s stock worth $941,000 after purchasing an additional 678 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Henry Schein during the 1st quarter worth approximately $3,293,000. Palisade Capital Management LP increased its stake in shares of Henry Schein by 16.7% during the 1st quarter. Palisade Capital Management LP now owns 44,163 shares of the company’s stock worth $3,025,000 after purchasing an additional 6,304 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Henry Schein by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 4,917 shares of the company’s stock worth $337,000 after purchasing an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.

Henry Schein Stock Up 0.4%

Shares of NASDAQ:HSIC opened at $63.84 on Monday. The firm has a fifty day moving average price of $66.73 and a two-hundred day moving average price of $68.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 0.78. Henry Schein, Inc. has a one year low of $60.56 and a one year high of $82.49. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.11 and a beta of 0.81.

Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). Henry Schein had a net margin of 3.05% and a return on equity of 14.36%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Henry Schein has set its FY 2025 guidance at 4.800-4.940 EPS. Analysts anticipate that Henry Schein, Inc. will post 4.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HSIC has been the subject of several analyst reports. Leerink Partners set a $75.00 price objective on shares of Henry Schein in a report on Monday, July 14th. Evercore ISI raised shares of Henry Schein from an “in-line” rating to an “outperform” rating and set a $83.00 price objective for the company in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Henry Schein in a report on Wednesday, October 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 price objective (down from $80.00) on shares of Henry Schein in a report on Friday, July 25th. Finally, Wall Street Zen downgraded shares of Henry Schein from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Henry Schein currently has a consensus rating of “Hold” and an average price target of $76.67.

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.