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.
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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