Henry Schein, Inc. (NASDAQ:HSIC) recently claimed $12.75B as the price has approached $62.09. There came a 1.77% growth with the closing bell on Wednesday. The stock remained range bound between $60.48 and $62.45. Trading activity significantly improved as the volume at ready counter increased to 3,183,050 shares versus 2,020,995 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,974,747 shares. The stock is now 26.61% above against its bear-market low of $49.04 on February 08, 2019. It has retreated -47.13% since it’s 52-week high of $91.35 reached in December. Now the market price is up 9.73% on the year and up 0.87% YTD.
HSIC’s 50 day simple moving average (SMA 50) price is $78.05 and its 200-day simple moving average (SMA 200) price is $78.75. The company’s stock currently has a total float of 150.83M shares. Its weekly volatility is hovering around 3.57% and felt 2.5% volatility in price over a month. On the upside, the share price will test short term resistance at around $62.87. On a downside, the stock is likely to find some support, which begins at $60.9. The failure to get near-term support could push it to $59.7.
Separately, it has been reported that multiple insider activity took place at Henry Schein, Inc. (HSIC). SVP Corp/Legal Ch of Staff Sec Ettinger Michael S sold 7,425 shares for $65,683 in transaction occurred on 2018/12/10. After making this transaction, the SVP Corp/Legal Ch of Staff Sec owns a direct stake of 626,373 shares, worth $4,078,257, as per the last closing price. On 2018/12/07 Bergman Stanley M, Chairman, CEO at HSIC, dumped 69,000 shares at an average price of $86.32 per share. The selling total is valued at $67,677,169.
EVP, CFO, Paladino Steven had divested 21,110 shares for $160,978 through a trade on 2018/12/03. Following this activity, the insider holds 1,901,167 shares worth $9,995,124 as of recent close. Wall Street’s most bullish Henry Schein, Inc. (NASDAQ:HSIC) analysts are predicting the share price to blow past $78.39 per share during the next 12 months. The current median share price forecast by them is $65.82, suggesting that the stock could increase 6.01% in that time frame. The average price target of $63.75 calls for a nearly 2.67% increase in the stock price.
It had seen a new analyst call from UBS, which initiated the stock at Sell on January 17. Analysts at Evercore ISI, shed their positive views on January 03 by lowering it fromIn-line to Underperform. The stock lost favor of Robert W. Baird analysts who expressed their lack of confidence in it using a downgrade from Outperform to Neutral on January 02. Barrington Research, reiterated their call for Outperform, on November 08. On the other hand, they had set new target price to $96 versus $92.
When looking at valuations, Henry Schein, Inc. (HSIC) has a cheap P/E of 17.82x as compared to industry average of 32.9x. Moreover, it trades for 14.21 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.19x price/book and 0.97x price/sales. Compared to others, Henry Schein, Inc. is in a different league with regards to profitability, having net margins of 3%. To put some perspective around this, the industry’s average net margin is 12.98%. HSIC’s ROE is 13.6%, which is also considerably worse than the industry’s ROE of 14.81%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 0.73.
Shares of Henry Schein, Inc. (HSIC) have dropped -28.% since the company’s last earnings report. Over the past 12 fiscal quarters, Henry Schein, Inc. (NASDAQ:HSIC) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 1 quarters (8%), whereas at 1 occasion EPS met analyst expectations. HSIC last reported earnings on November 06, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.03 per share, -57.79% change on the same period last year. That was better than consensus for $1.01. Revenue for the recent quarter stood at $3.28 billion, up 4% on last year and below the $3.37 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.34 billion to $2.66 billion, which should be compared with $3.28 billion generated last year. EPS is seen in a range of $0.84 to $0.98, against the $1.05 reported a year ago.