Shares of Patterson Companies, Inc. (NASDAQ:PDCO) have been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $41.20.
PDCO has been the topic of several research reports. Morgan Stanley initiated coverage on Patterson Companies in a research note on Thursday, September 21st. They set an “equal weight” rating and a $42.00 price target on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price target on shares of Patterson Companies in a research note on Tuesday, September 26th. Stifel Nicolaus raised Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a research note on Wednesday, November 15th. TheStreet lowered Patterson Companies from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Finally, UBS AG raised Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Friday, August 25th.
In related news, CFO Ann B. Gugino sold 750 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total value of $27,547.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Global Investments increased its holdings in shares of Patterson Companies by 6.4% in the second quarter. Summit Global Investments now owns 101,980 shares of the company’s stock worth $4,788,000 after acquiring an additional 6,143 shares in the last quarter. FMR LLC increased its holdings in shares of Patterson Companies by 5.7% in the second quarter. FMR LLC now owns 1,400,718 shares of the company’s stock worth $65,763,000 after acquiring an additional 75,354 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Patterson Companies in the second quarter worth about $554,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Patterson Companies by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 235,194 shares of the company’s stock worth $11,042,000 after acquiring an additional 4,290 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Patterson Companies in the second quarter worth about $287,000. Institutional investors and hedge funds own 88.73% of the company’s stock.
Shares of Patterson Companies (NASDAQ:PDCO) traded down $0.02 on Monday, hitting $35.27. The stock had a trading volume of 1,030,000 shares, compared to its average volume of 2,295,467. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. Patterson Companies has a twelve month low of $32.07 and a twelve month high of $48.29. The firm has a market capitalization of $3,379.93, a price-to-earnings ratio of 15.90, a PEG ratio of 2.01 and a beta of 0.96.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $0.56 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. equities analysts predict that Patterson Companies will post 2.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. Patterson Companies’s dividend payout ratio is presently 62.28%.
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About Patterson Companies
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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