Henry Schein announces $400M increase to stock buyback plan

Aug. 18, 2022 6:38 AM ETHenry Schein, Inc. (HSIC)By: Preeti Singh, SA News Editor
  • Henry Schein (NASDAQ:HSIC) has announced a $400M increase to its share repurchase program.
  • This authorization represents ~3.9% of shares outstanding at the current stock price. The program is in addition to the $400M buyback plan announced in May 2021, which was fully executed.
  • As of August 17, 2022, the health care services provider had ~136M shares outstanding.
  • Earlier this month, Henry Schein received an upgrade at UBS on potential margin expansion

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