Ann B. Gugino Sells 750 Shares of Patterson Companies, Inc. (PDCO) Stock

Patterson Companies, Inc. (NASDAQ:PDCO) insider Ann B. Gugino sold 750 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $36.38, for a total value of $27,285.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Patterson Companies, Inc. (NASDAQ:PDCO) traded up $0.09 during trading hours on Friday, reaching $36.67. The company’s stock had a trading volume of 1,653,000 shares, compared to its average volume of 1,482,775. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73. Patterson Companies, Inc. has a 52 week low of $32.07 and a 52 week high of $48.29. The company has a market cap of $3,510.00, a P/E ratio of 21.57, a PEG ratio of 2.13 and a beta of 0.95.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business earned $0.56 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. analysts anticipate that Patterson Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, January 11th. Patterson Companies’s dividend payout ratio is presently 61.18%.

A number of brokerages recently commented on PDCO. Evercore ISI began coverage on Patterson Companies in a report on Thursday, January 4th. They issued an “in-line” rating and a $38.50 price target for the company. Zacks Investment Research raised Patterson Companies from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Deutsche Bank began coverage on Patterson Companies in a report on Friday, December 8th. They issued a “hold” rating and a $37.00 price target for the company. BidaskClub downgraded Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Morgan Stanley downgraded Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price target for the company. in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.23.

A number of large investors have recently added to or reduced their stakes in PDCO. Schwab Charles Investment Management Inc. lifted its holdings in Patterson Companies by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 389,552 shares of the company’s stock worth $18,290,000 after buying an additional 15,775 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Patterson Companies by 54.4% during the 2nd quarter. Schroder Investment Management Group now owns 236,007 shares of the company’s stock worth $11,232,000 after purchasing an additional 83,125 shares during the period. Tredje AP fonden acquired a new stake in shares of Patterson Companies during the 2nd quarter worth approximately $254,000. Commonwealth Bank of Australia raised its position in shares of Patterson Companies by 15.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock worth $140,000 after purchasing an additional 415 shares during the period. Finally, AXA raised its position in shares of Patterson Companies by 3,323.6% during the 2nd quarter. AXA now owns 188,300 shares of the company’s stock worth $8,840,000 after purchasing an additional 182,800 shares during the period. 93.99% of the stock is currently owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Patterson Companies (NASDAQ:PDCO)

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