Shares of Patterson Companies, Inc. (NASDAQ:PDCO) have earned an average rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $21.55.
A number of brokerages have recently issued reports on PDCO. Zacks Investment Research downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. ValuEngine upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a report on Friday, March 1st. BidaskClub upgraded shares of Patterson Companies from a “buy” rating to a “strong-buy” rating in a report on Friday, February 8th. Finally, UBS Group began coverage on shares of Patterson Companies in a report on Thursday, January 17th. They set a “neutral” rating and a $23.00 price target for the company.
Large investors have recently bought and sold shares of the stock. Enlightenment Research LLC purchased a new position in shares of Patterson Companies during the 4th quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Patterson Companies by 14.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock worth $117,000 after purchasing an additional 761 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Patterson Companies by 542.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock worth $150,000 after purchasing an additional 5,171 shares during the period. Quantamental Technologies LLC purchased a new position in Patterson Companies in the 4th quarter valued at approximately $126,000. Finally, Kentucky Retirement Systems purchased a new position in Patterson Companies in the 3rd quarter valued at approximately $284,000. 94.49% of the stock is owned by hedge funds and other institutional investors.
PDCO stock traded up $0.15 during mid-day trading on Friday, reaching $22.54. The company’s stock had a trading volume of 465,362 shares, compared to its average volume of 986,406. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 2.80 and a beta of 1.35. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. Patterson Companies has a fifty-two week low of $18.94 and a fifty-two week high of $26.60.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. Patterson Companies had a net margin of 1.38% and a return on equity of 8.50%. During the same quarter in the prior year, the company posted $0.43 earnings per share. As a group, equities analysts forecast that Patterson Companies will post 1.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.61%. Patterson Companies’s payout ratio is currently 61.90%.
About Patterson Companies
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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