Patterson Companies, Inc. (NASDAQ:PDCO) 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) traded up $0.09 during trading on Friday, hitting $36.67. The stock had a trading volume of 1,653,000 shares, compared to its average volume of 1,482,775. The firm has a market capitalization of $3,510.00, a PE ratio of 21.57, a PEG ratio of 2.13 and a beta of 0.95. 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 1-year low of $32.07 and a 1-year high of $48.29.
Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. research analysts anticipate that Patterson Companies, Inc. will post 2.08 earnings per share for the current fiscal year.
Several research firms have recently weighed in on PDCO. Robert W. Baird reissued a “buy” rating and set a $44.00 price objective on shares of Patterson Companies in a research note on Tuesday, September 26th. Zacks Investment Research raised Patterson Companies from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. Evercore ISI began coverage on Patterson Companies in a research note on Thursday, January 4th. They set an “in-line” rating and a $38.50 price objective for the company. Morgan Stanley began coverage on Patterson Companies in a research note on Thursday, September 21st. They set an “equal weight” rating and a $42.00 price objective for the company. Finally, Royal Bank of Canada began coverage on Patterson Companies in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 price objective for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.23.
Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Patterson Companies by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock worth $168,000 after buying an additional 150 shares during the period. Nationwide Fund Advisors boosted its position in shares of Patterson Companies by 0.3% in the second quarter. Nationwide Fund Advisors now owns 84,243 shares of the company’s stock worth $3,955,000 after buying an additional 253 shares during the period. Marietta Wealth Management LLC boosted its position in shares of Patterson Companies by 3.5% in the second quarter. Marietta Wealth Management LLC now owns 8,676 shares of the company’s stock worth $407,000 after buying an additional 296 shares during the period. Norinchukin Bank The boosted its position in shares of Patterson Companies by 5.9% in the second quarter. Norinchukin Bank The now owns 5,662 shares of the company’s stock worth $266,000 after buying an additional 317 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in shares of Patterson Companies by 15.9% in the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock worth $140,000 after buying an additional 415 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.
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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