Is Major Move Coming For Henry Schein, Inc. (HSIC) After This Double Bottom Pattern?

February 15, 2018 - By Ellis Scott

Investors sentiment increased to 7.15 in 2017 Q3. Its up 5.99, from 1.16 in 2017Q2. It increased, as 47 investors sold Henry Schein, Inc. shares while 15 reduced holdings. 66 funds opened positions while 377 raised stakes. 279.70 million shares or 306.41% more from 68.82 million shares in 2017Q2 were reported.
Dekabank Deutsche Girozentrale has 24,350 shares for 0.03% of their portfolio. Us National Bank De stated it has 126,648 shares. Ent Svcs Corp reported 240 shares stake. Metropolitan Life Insurance Ny holds 0.04% or 82,509 shares in its portfolio. The New York-based Global X Company Ltd Liability Corp has invested 0.01% in Henry Schein, Inc. (NASDAQ:HSIC). Hap Trading Lc reported 19,001 shares or 0.07% of all its holdings. Wisconsin-based North Star Asset Mgmt Inc has invested 0.17% in Henry Schein, Inc. (NASDAQ:HSIC). Tokio Marine Asset Management owns 9,800 shares. Fisher Asset Mngmt Limited Liability Co stated it has 0.1% in Henry Schein, Inc. (NASDAQ:HSIC). Moreover, Mariner Wealth Advsr Ltd Limited Liability Company has 0.03% invested in Henry Schein, Inc. (NASDAQ:HSIC). Cibc Asset Inc accumulated 66,691 shares. Asset Mngmt One Ltd owns 260,372 shares. Citigroup Incorporated accumulated 50,795 shares or 0% of the stock. North American Mngmt invested in 14,152 shares. State Of Alaska Department Of Revenue reported 30,578 shares.

Since September 6, 2017, it had 0 insider purchases, and 1 insider sale for $366,756 activity.

The chart of Henry Schein, Inc. (HSIC) shows a double bottom with $63.04 target or 7.00 % below today’s $67.79 share price. The 7 months chart pattern indicates high risk for the $10.64 billion company. It was reported on Feb, 15 by Finviz.com. If the $63.04 price target is reached, the company will be worth $744.80M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.94% or $0.64 during the last trading session, reaching $67.79. About 1.46M shares traded. Henry Schein, Inc. (NASDAQ:HSIC) has risen 4.05% since February 15, 2017 and is uptrending. It has underperformed by 12.65% the S&P500.

Analysts await Henry Schein, Inc. (NASDAQ:HSIC) to report earnings on February, 20. They expect $0.97 EPS, up 3.19 % or $0.03 from last year’s $0.94 per share. HSIC’s profit will be $152.25M for 17.47 P/E if the $0.97 EPS becomes a reality. After $0.87 actual EPS reported by Henry Schein, Inc. for the previous quarter, Wall Street now forecasts 11.49 % EPS growth.

Henry Schein, Inc. (NASDAQ:HSIC) Ratings Coverage

Among 21 analysts covering Henry Schein Inc. (NASDAQ:HSIC), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Henry Schein Inc. had 45 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Tuesday, November 7 by Leerink Swann. The firm has “Hold” rating by Jefferies given on Thursday, July 20. The rating was maintained by Stifel Nicolaus on Wednesday, July 5 with “Hold”. The stock of Henry Schein, Inc. (NASDAQ:HSIC) earned “Hold” rating by Jefferies on Wednesday, September 27. The firm earned “Hold” rating on Friday, November 6 by Gabelli. As per Thursday, October 19, the company rating was maintained by Robert W. Baird. The stock of Henry Schein, Inc. (NASDAQ:HSIC) has “Overweight” rating given on Friday, September 15 by PiperJaffray. The stock has “Buy” rating by Deutsche Bank on Friday, December 8. The firm earned “Hold” rating on Tuesday, November 7 by Stifel Nicolaus. The stock of Henry Schein, Inc. (NASDAQ:HSIC) has “Hold” rating given on Tuesday, November 7 by Jefferies.

More notable recent Henry Schein, Inc. (NASDAQ:HSIC) news were published by: Newsday.com which released: “Schein: FTC antitrust complaint won’t seek monetary damages” on February 14, 2018, also Prnewswire.com with their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” published on February 14, 2018, Prnewswire.com published: “Henry Schein, Inc. Named One Of The 2018 World’s Most Ethical Companies┬« By …” on February 12, 2018. More interesting news about Henry Schein, Inc. (NASDAQ:HSIC) were released by: Nasdaq.com and their article: “Henry Schein Inc. (HSIC) Is Sinking On FTC Allegations” published on February 13, 2018 as well as Prnewswire.com‘s news article titled: “HENRY SCHEIN INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who …” with publication date: February 13, 2018.

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