EVP, Chief Admin. Officer BENJAMIN GERALD A sold 11,489 shares of Henry Schein Inc. [HSIC]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Henry Schein Inc. shares valued at $981,965 were sold by BENJAMIN GERALD A on May 26. At $85.47 per share, BENJAMIN GERALD A sold 11,489 shares. The insider’s holdings dropped to 95,616 shares worth approximately $7.09 million following the completion of this transaction.


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Also, Siegel Walter sold 15,070 shares, netting a total of over 1,250,358 in proceeds. Following the sale of shares at $82.97 each, the insider now holds 40,122 shares.

Before that, Ettinger Michael S had sold 21,112 shares from its account. In a trade valued at $1,788,046, the SVP Corp/Legal Ch of Staff Sec traded Henry Schein Inc. shares for $84.69 each. Upon closing the transaction, the insider’s holdings decreased to 21,112 shares, worth approximately $5.48 million.

As published in a research note from Goldman on July 21, 2022, Henry Schein Inc. [HSIC] has been rated down from a Buy to a Neutral and the price target has been revised to $85 from $93. This represents a 12.76% premium over Thursday’s closing price. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. Earlier on January 31, 2022, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for HSIC stock.

Analyzing HSIC’s Price Performance

On Thursday, Henry Schein Inc. [NASDAQ: HSIC] plunged -0.52% to $74.15. The stock’s lowest price that day was $73.90, but it reached a high of $75.72 in the same session. During the last five days, there has been a drop of approximately -5.79%. Over the course of the year, Henry Schein Inc. shares have dropped approximately -4.36%. Shares of the company reached a 52-week high of $92.68 on 04/14/22 and a 52-week low of $71.21 on 01/25/22. A 50-day SMA is recorded $78.55, while a 200-day SMA reached $80.21. Nevertheless, trading volume fell to 1.25 million shares from 1.82 million shares the previous day.

Support And Resistance Levels for Henry Schein Inc. (HSIC)

According to the 24-hour chart, there is a support level at 73.46, which, if violated, would cause prices to drop to 72.77. In the upper region, resistance lies at 75.28. The next price resistance is at 76.41. RSI (Relative Strength Index) is 34.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.44, which suggests the price will decrease in the coming days. Percent R is at 95.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Henry Schein Inc. subject to short interest?

Stocks of Henry Schein Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.04 million shares to 4.08 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.04 million shares. A jump of 25.49% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.65.

Which companies own the most shares of Henry Schein Inc. (HSIC)?

According to The Vanguard Group, Inc. filings, the company currently owns 14,780,626 shares, which is about 10.71% of the total HSIC shares outstanding. The investor’s shares have appreciated by 224,590 from its previous 13-F filing of 14556036.0 shares. With the completion of the sale transaction, Generation Investment Management’s stake is now worth $994,790,980. Longview Partners LLP reduced a -3.34% interest valued at $656.06 million while BlackRock Fund Advisors purchased a 4,931 stake. A total of -79,050 shares of Henry Schein Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 691,299 were bought by American Century Investment Manag. In its current portfolio, JPMorgan Investment Management, I holds 3,587,583 shares valued at $275.31 million.

In terms of Henry Schein Inc. share price expectations, FactSet research, analysts set an average price target of $84.50 in the next 12 months, up nearly 11.35% from the previous closing price of $74.54. Analysts anticipate Henry Schein Inc. stock to reach $99.00 by 2022, with the lowest price target being $72.00. In spite of this, 14 analysts ranked Henry Schein Inc. stock as a Hold at the end of 2022. On January 07, 2022, Credit Suisse assigned a price target of “an Outperform” to the stock and upgraded coverage with a $90.

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