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MELVILLE, NY—Bradford C. Connett, CEO of the North America Distribution Group at Henry Schein Inc. (NASDAQ:HSIC), has recently sold 4,036 shares of the company’s common stock. The transaction, completed on March 19, 2025, was executed at a price of $71.15 per share, totaling $287,161. The sale comes as the stock trades near $70.45, within its 52-week range of $63.67 to $82.49. According to InvestingPro analysis, the company maintains a GOOD financial health score, supported by strong cash flows.
Following this sale, Connett retains ownership of 62,688 shares in the company. The stock sale was conducted directly by Connett, as indicated in the regulatory filing. Notably, InvestingPro data shows the company has been actively buying back shares, with analyst targets ranging from $55 to $90 per share.
Henry Schein Inc., a leading provider in the distribution of medical, dental, and hospital equipment and supplies, is headquartered in Melville, New York. The $8.76 billion market cap company currently trades at an attractive free cash flow yield of 8%. Get access to 7 more exclusive InvestingPro Tips and comprehensive analysis in our Pro Research Report.
In other recent news, Henry Schein Inc. reported its Q4 2024 earnings, revealing a slight miss in both earnings per share (EPS) and revenue against market forecasts. The company’s EPS was $1.19, falling short of the expected $1.23, while revenue reached $3.19 billion, below the forecasted $3.35 billion. Despite these misses, the company reported strong margins and growth in high-margin sectors. Henry Schein demonstrated solid performance with global sales of $3.2 billion, reflecting a 5.8% growth year-over-year. The company continues to invest in high-growth, high-margin businesses, contributing to 41% of its operating income for the year.
In other developments, Henry Schein announced a significant change in its executive team, with James P. Breslawski stepping down from his role as President on April 1, 2025. Breslawski will transition to the position of Senior Advisor and remain a member of the Executive Management Committee. The company has not yet announced a new President or provided details on the transition plan. Additionally, CEO Stanley Bergman expressed optimism for the future, highlighting strategic initiatives and partnerships as key growth drivers. Looking ahead to 2025, Henry Schein projects total sales growth of 2-4% and anticipates mid-single-digit growth in adjusted EBITDA.
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