Patterson Cos. (NASDAQ:PDCO) has received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.00.
PDCO has been the subject of several recent research reports. Stifel Nicolaus restated a “hold” rating on shares of Patterson Cos. in a research report on Tuesday, May 31st. Credit Suisse Group AG restated a “buy” rating on shares of Patterson Cos. in a research report on Tuesday, May 31st. Evercore ISI upgraded shares of Patterson Cos. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Jefferies Group reiterated a “hold” rating on shares of Patterson Cos. in a research report on Thursday, August 4th. Finally, Off Wall Street started coverage on shares of Patterson Cos. in a research report on Monday, August 8th. They issued a “sell” rating for the company.
In other news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $46.22, for a total transaction of $34,665.00. Following the completion of the transaction, the insider now owns 40,153 shares in the company, valued at approximately $1,855,871.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.
Several institutional investors have recently bought and sold shares of PDCO. Kentucky Retirement Systems acquired a new position in Patterson Cos. during the second quarter valued at $339,000. Nomura Holdings Inc. acquired a new position in Patterson Cos. during the second quarter valued at $514,000. Mason Street Advisors LLC acquired a new position in Patterson Cos. during the second quarter valued at $537,000. Cohen & Steers Inc. raised its position in Patterson Cos. by 45.5% in the second quarter. Cohen & Steers Inc. now owns 202,236 shares of the company’s stock valued at $9,685,000 after buying an additional 63,200 shares during the period. Finally, Calvert Investment Management Inc. raised its position in Patterson Cos. by 3,631.4% in the second quarter. Calvert Investment Management Inc. now owns 178,885 shares of the company’s stock valued at $8,567,000 after buying an additional 174,091 shares during the period. Institutional investors own 77.29% of the company’s stock.
Shares of Patterson Cos. (NASDAQ:PDCO) traded down 1.69% during trading on Monday, reaching $45.89. 388,967 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $46.24 and its 200 day moving average price is $46.52. Patterson Cos. has a 52 week low of $38.51 and a 52 week high of $50.40. The firm has a market capitalization of $4.38 billion, a PE ratio of 22.63 and a beta of 0.88.
Patterson Cos. (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business earned $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. Patterson Cos. had a net margin of 3.52% and a return on equity of 17.42%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Analysts predict that Patterson Cos. will post $2.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.96 annualized dividend and a dividend yield of 2.09%. Patterson Cos.’s dividend payout ratio (DPR) is 47.29%.
About Patterson Cos.
Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
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