Patterson Companies, Inc. (NASDAQ:PDCO)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a research report issued on Friday, November 10th. They currently have a $44.00 price target on the stock. Robert W. Baird’s target price points to a potential upside of 24.68% from the company’s previous close.
A number of other equities research analysts have also weighed in on PDCO. Credit Suisse Group reaffirmed an “outperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Patterson Companies in a research note on Thursday, July 13th. BidaskClub lowered shares of Patterson Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus cut their target price on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, August 15th. Craig Hallum reaffirmed a “sell” rating and set a $41.00 target price (down previously from $46.00) on shares of Patterson Companies in a research note on Thursday, August 17th. They noted that the move was a valuation call. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Patterson Companies currently has a consensus rating of “Hold” and a consensus price target of $41.64.
Shares of Patterson Companies (NASDAQ:PDCO) opened at $35.29 on Friday. The stock has a market cap of $3,333.00, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Patterson Companies has a twelve month low of $32.07 and a twelve month high of $48.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.15.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. Patterson Companies’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. equities analysts expect that Patterson Companies will post 2.05 earnings per share for the current year.
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In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amica Retiree Medical Trust raised its holdings in shares of Patterson Companies by 433.8% during the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after purchasing an additional 2,429 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Patterson Companies by 423.4% during the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after purchasing an additional 2,041 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Patterson Companies by 15.9% during the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after purchasing an additional 415 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Patterson Companies by 4.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after purchasing an additional 150 shares during the last quarter. Finally, Palisade Asset Management LLC purchased a new position in shares of Patterson Companies during the second quarter valued at approximately $188,000. 88.73% of the stock is owned by hedge funds and other institutional investors.
Patterson Companies Company Profile
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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