Jefferies Group reiterated their hold rating on shares of Patterson Companies (NASDAQ:PDCO) in a research report sent to investors on Tuesday. The brokerage currently has a $26.00 price target on the stock. Jefferies Group also issued estimates for Patterson Companies’ Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.68 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.87 EPS.
A number of other equities research analysts also recently issued reports on PDCO. Zacks Investment Research downgraded Patterson Companies from a buy rating to a hold rating in a research report on Monday, March 5th. BidaskClub downgraded Patterson Companies from a hold rating to a sell rating in a research report on Thursday, March 1st. Northcoast Research set a $38.00 price target on Patterson Companies and gave the stock a buy rating in a research report on Thursday, March 1st. JPMorgan Chase & Co. reduced their price target on Patterson Companies from $36.00 to $26.00 and set an underweight rating on the stock in a research report on Monday, March 5th. Finally, Evercore ISI began coverage on Patterson Companies in a research report on Thursday, January 4th. They set an in-line rating and a $38.50 price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $37.30.
Patterson Companies (NASDAQ PDCO) opened at $25.29 on Tuesday. Patterson Companies has a 12-month low of $22.57 and a 12-month high of $48.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.80 and a quick ratio of 1.00. The company has a market capitalization of $2,358.28, a P/E ratio of 9.76, a PEG ratio of 1.97 and a beta of 0.98.
In other Patterson Companies news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $36.38, for a total value of $27,285.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.46% of the company’s stock.
Several hedge funds have recently modified their holdings of PDCO. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Patterson Companies by 46.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,878,432 shares of the company’s stock valued at $188,551,000 after purchasing an additional 1,536,422 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Patterson Companies in the 4th quarter valued at $48,813,000. Victory Capital Management Inc. boosted its holdings in shares of Patterson Companies by 90,810.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,235,473 shares of the company’s stock valued at $44,638,000 after purchasing an additional 1,234,114 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Patterson Companies by 70.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,681,338 shares of the company’s stock valued at $60,747,000 after purchasing an additional 696,540 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Patterson Companies by 152.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 885,174 shares of the company’s stock valued at $34,212,000 after purchasing an additional 535,029 shares in the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.
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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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