Henry Schein Inc. (NASDAQ:HSIC) saw a downside of -0.50% to $75.49 after subtracting -$0.38 on Tuesday. The 5-day average trading volume is 930,819 shares of the company’s common stock. It has gained $79.92 in the past week and touched a new high 2 times within the past 5 days. An average of 817,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 832,258.
HSIC’s 1-month performance is -5.68% or -$3.11 on its low of $74.48 reached on 08/07/23. The company’s shares have touched a 52-week low of $64.75 and high of $89.72, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HSIC has lost -5.48% or -$4.32 and has reached a new high 7 times. However, the current price is down -15.86% from the 52-week high price.
Insider Transactions
HSIC stock investors last saw insider trading activity on Jun 12.Brous David B Jr (CEO, Strategic Business Group) most recently sold 11,157 shares at $74.86 per share on Jun 12. This transaction cost the insider $835,191. Sr. VP & Chief Legal Officer, Siegel Walter, sold 5,497 shares at a price of $74.07 on Jun 05. Then, on Jun 02, Vice Chairman, President BRESLAWSKI JAMES P sold 24,234 shares at a price of $74.29 per share. This transaction amounted to $1,800,453.
Valuation Metrics
HSIC stock has a beta of 0.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.79 while the price-to-book (PB) in the most recent quarter is 2.86, with the price to cash flow ratio at 23.17.
Henry Schein Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.29, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 30.50%. The firm’s gross profit as reported stood at $3.83 billion against revenue of $12.65 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -14.29% to $140.0 million, while revenue of $121.0 million was 13.57% off the previous quarter. Analysts expected HSIC to announce $1.28 per share in earnings in its latest quarter, but it posted $1.31, representing a 2.30% surprise. EBITDA for the quarter stood at more than $227.0 million. Shareholders hold equity totaling $131.0 million.
Let’s look briefly at Henry Schein Inc. (HSIC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 24.29% to suggest the stock is trending oversold, with historical volatility in this time period at 16.95%.
The stock’s 5-day moving average is $77.51, reflecting a -4.14% or -$3.26 change from its current price. HSIC is currently trading -7.56% above its 20-day SMA, -2.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.63% and SMA200 by+11.64%.
Stochastic %K and %D was 19.00% and 22.94% and the average true range (ATR) pointed at 1.70. The RSI (14) points at 32.39%, while the 14-day stochastic is at 17.57% with the period’s ATR at 1.60. The stock’s 9-day MACD Oscillator is pointing at -1.75 and -2.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Henry Schein Inc. (NASDAQ: HSIC), UBS upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for HSIC stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate HSIC as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is HSIC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $69.00 and a high of $96.00, with their median price target at $80.00. Looking at these predictions, the average price target given by analysts is for Henry Schein Inc. (HSIC) stock is $82.38.
