How Analysts Feel About Henry Schein, Inc. (HSIC) After Forming Bearish Double Bottom Chart Pattern?

February 15, 2018 - By Dolores Ford

Investors sentiment increased to 7.15 in Q3 2017. Its up 5.99, from 1.16 in 2017Q2. It is positive, 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.
Point72 Asset Mngmt Limited Partnership, Connecticut-based fund reported 854,945 shares. Ameritas Prtnrs stated it has 0.03% in Henry Schein, Inc. (NASDAQ:HSIC). Gabelli Funds Limited Liability Com holds 0.14% or 298,200 shares. Los Angeles Capital Mngmt & Equity Inc owns 60,380 shares or 0.03% of their US portfolio. 36,300 are held by Art Advsrs Ltd Liability Corporation. Mufg Americas Holding Corporation reported 7,914 shares or 0.02% of all its holdings. Suntrust Banks accumulated 17,045 shares. Ontario Teachers Pension Plan Board holds 76,986 shares. Laurion Capital Limited Partnership holds 0% or 3,900 shares in its portfolio. Us Savings Bank De invested 0.03% in Henry Schein, Inc. (NASDAQ:HSIC). Teachers Retirement Of The State Of Kentucky invested in 16,400 shares. Sumitomo Mitsui Trust Hldgs holds 0.05% of its portfolio in Henry Schein, Inc. (NASDAQ:HSIC) for 459,300 shares. Pitcairn holds 0.03% of its portfolio in Henry Schein, Inc. (NASDAQ:HSIC) for 3,684 shares. Profund Advisors Llc holds 0.05% of its portfolio in Henry Schein, Inc. (NASDAQ:HSIC) for 15,729 shares. Kentucky Retirement has 9,742 shares for 0.06% of their portfolio.

Since September 6, 2017, it had 0 insider buys, and 1 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 1.46 million 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. On Thursday, October 19 the stock rating was maintained by Robert W. Baird with “Buy”. Piper Jaffray maintained Henry Schein, Inc. (NASDAQ:HSIC) rating on Tuesday, August 8. Piper Jaffray has “Hold” rating and $19000 target. Credit Suisse maintained the shares of HSIC in report on Tuesday, November 28 with “Hold” rating. The firm has “Hold” rating given on Thursday, February 15 by J.P. Morgan. The company was maintained on Friday, September 15 by UBS. The company was maintained on Tuesday, November 7 by Jefferies. On Wednesday, February 22 the stock rating was maintained by Barrington Research with “Outperform”. The firm has “Buy” rating by Deutsche Bank given on Friday, December 8. As per Tuesday, November 7, the company rating was upgraded by Craig Hallum. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, November 7.

More notable recent Henry Schein, Inc. (NASDAQ:HSIC) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on February 14, 2018, also Zacks.com with their article: “Henry Schein (HSIC) Q4 Earnings to Show Growth in All Lines?” published on February 12, 2018, Fool.com published: “Here’s Why Henry Schein, Inc. Is Sinking Today” on February 13, 2018. More interesting news about Henry Schein, Inc. (NASDAQ:HSIC) were released by: Newsday.com and their article: “Schein: FTC antitrust complaint won’t seek monetary damages” published on February 14, 2018 as well as Seekingalpha.com‘s news article titled: “Schein takes issue with anti-trust allegations” with publication date: February 13, 2018.

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