Patterson Companies, Inc. (NASDAQ:PDCO) Given Consensus Rating of “Hold” by Analysts

Shares of Patterson Companies, Inc. (NASDAQ:PDCOGet Free Report) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.11.

Several analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $32.00 price objective on shares of Patterson Companies in a research note on Tuesday, November 28th. Morgan Stanley cut their price objective on Patterson Companies from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, November 30th. JPMorgan Chase & Co. dropped their target price on shares of Patterson Companies from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Leerink Partnrs reaffirmed an “outperform” rating on shares of Patterson Companies in a research report on Monday, February 26th. Finally, The Goldman Sachs Group cut their target price on shares of Patterson Companies from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, November 30th.

Check Out Our Latest Stock Report on Patterson Companies

Institutional Trading of Patterson Companies

Institutional investors have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp raised its stake in shares of Patterson Companies by 195.7% in the 4th quarter. Money Concepts Capital Corp now owns 902 shares of the company’s stock valued at $25,000 after purchasing an additional 597 shares in the last quarter. Quarry LP lifted its stake in Patterson Companies by 499.4% during the first quarter. Quarry LP now owns 1,001 shares of the company’s stock worth $27,000 after purchasing an additional 834 shares during the last quarter. GAMMA Investing LLC acquired a new position in Patterson Companies in the fourth quarter worth $32,000. KBC Group NV bought a new stake in Patterson Companies during the fourth quarter valued at $32,000. Finally, Fifth Third Bancorp raised its holdings in shares of Patterson Companies by 54.8% during the third quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $36,000 after purchasing an additional 434 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Patterson Companies Trading Down 0.4 %

Shares of PDCO opened at $27.04 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.43. Patterson Companies has a fifty-two week low of $25.00 and a fifty-two week high of $34.53. The stock has a fifty day moving average of $28.41 and a two-hundred day moving average of $29.03.

Patterson Companies (NASDAQ:PDCOGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. Patterson Companies had a return on equity of 20.98% and a net margin of 2.95%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, analysts forecast that Patterson Companies will post 2.32 EPS for the current year.

Patterson Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, April 18th. Patterson Companies’s payout ratio is 51.23%.

Patterson Companies Company Profile

(Get Free Report

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.

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Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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