Henry Schein Inc (NASDAQ: HSIC)’s stock price has increased by 7.46 compared to its previous closing price of 68.76. However, the company has seen a 8.20% increase in its stock price over the last five trading sessions. reuters.com reported 2024-11-18 that Activist investor Ananym Capital Management is urging healthcare products distributor Henry Schein to refresh its board, cut costs, tackle succession planning and consider selling its medical distribution business, sources close to matter said on Monday.
Is It Worth Investing in Henry Schein Inc (NASDAQ: HSIC) Right Now?
The price-to-earnings ratio for Henry Schein Inc (NASDAQ: HSIC) is above average at 30.26x. The 36-month beta value for HSIC is also noteworthy at 0.85. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for HSIC is 123.01M, and at present, short sellers hold a 5.53% of that float. The average trading volume of HSIC on November 19, 2024 was 1.62M shares.
HSIC’s Market Performance
HSIC’s stock has seen a 8.20% increase for the week, with a 2.07% rise in the past month and a 7.09% gain in the past quarter. The volatility ratio for the week is 3.93%, and the volatility levels for the past 30 days are at 2.69% for Henry Schein Inc The simple moving average for the last 20 days is 5.82% for HSIC stock, with a simple moving average of 4.11% for the last 200 days.
Analysts’ Opinion of HSIC
Many brokerage firms have already submitted their reports for HSIC stocks, with Robert W. Baird repeating the rating for HSIC by listing it as a “Outperform.” The predicted price for HSIC in the upcoming period, according to Robert W. Baird is $92 based on the research report published on July 22, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see HSIC reach a price target of $78. The rating they have provided for HSIC stocks is “Market Perform” according to the report published on February 26th, 2024.
JP Morgan gave a rating of “Overweight” to HSIC, setting the target price at $82 in the report published on December 12th of the previous year.
HSIC Trading at 4.95% from the 50-Day Moving Average
After a stumble in the market that brought HSIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.58% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares surge +3.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.26% upper at present.
During the last 5 trading sessions, HSIC rose by +8.20%, which changed the moving average for the period of 200-days by -2.96% in comparison to the 20-day moving average, which settled at $69.82. In addition, Henry Schein Inc saw -2.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HSIC starting from Ettinger Michael S, who proposed sale 12,240 shares at the price of $75.00 back on Nov 18 ’24. After this action, Ettinger Michael S now owns shares of Henry Schein Inc, valued at $918,000 using the latest closing price.
McGlynn Lorelei, the SVP, Chief Human Res. Officer of Henry Schein Inc, sale 21,035 shares at $69.30 during a trade that took place back on Sep 06 ’24, which means that McGlynn Lorelei is holding 71,833 shares at $1,457,726 based on the most recent closing price.
Stock Fundamentals for HSIC
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.3 for the gross margin
The net margin for Henry Schein Inc stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 8.78, with 3.08 for asset returns.
Based on Henry Schein Inc (HSIC), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 4.41.
Currently, EBITDA for the company is 943.0 million with net debt to EBITDA at 3.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 7.53for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In summary, Henry Schein Inc (HSIC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
