Henry Schein slides 3% as Mizuho trims price target after Q1 results
Henry Schein shares fell on May 6, 2026 as investors digested Q1 results and fresh sell-side caution, including a Mizuho price-target cut to $82. The pullback comes a day after the company reported Q1 revenue of about $3.37 billion and lifted FY2026 EPS guidance to $5.23–$5.37.
1. What’s moving the stock today
Henry Schein (HSIC) is down about 3.3% in Wednesday trading (May 6, 2026) as the market digests the company’s first-quarter earnings and follow-on analyst commentary. A key catalyst cited in today’s tape is a Mizuho note that cut its price target on HSIC to $82, reinforcing a more cautious tone despite the earnings release. (marketbeat.com)
2. The earnings backdrop (reported May 5, 2026)
The move follows Henry Schein’s Q1 report from Tuesday (May 5, 2026), when the company posted revenue of roughly $3.37 billion (about 6% year-over-year growth) and raised full-year FY2026 non-GAAP EPS guidance to $5.23–$5.37. While headline EPS and sales were solid, investors appear focused on profitability conversion and underlying quality items such as working-capital and cash-flow dynamics. (zacks.com)
3. Why a down move after a beat
The selling pressure looks consistent with a ‘good news already priced in’ reaction, with attention shifting to whether Henry Schein can sustainably expand margins in a low-margin distribution model. The latest filings and earnings materials show GAAP net income roughly flat year over year and operating cash flow turning negative in Q1 due to working-capital movements, giving bears additional ammunition even as management highlighted operational progress. (stocktitan.net)