Patterson Companies (PDCO) Reaches New 12-Month Low at $30.93

Patterson Companies, Inc. (NASDAQ:PDCO) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $30.93 and last traded at $32.92, with a volume of 1185000 shares changing hands. The stock had previously closed at $32.92.

A number of research analysts have recently commented on PDCO shares. Stifel Nicolaus upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research report on Wednesday, November 15th. Morgan Stanley lowered shares of Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price target for the company. in a research report on Wednesday, December 6th. Deutsche Bank assumed coverage on shares of Patterson Companies in a research report on Friday, December 8th. They set a “hold” rating and a $37.00 price target for the company. Zacks Investment Research upgraded shares of Patterson Companies from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies assumed coverage on shares of Patterson Companies in a research report on Thursday, October 19th. They issued a “neutral” rating and a $41.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.29.

The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3,143.42, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.85 and a beta of 0.89.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. equities analysts predict that Patterson Companies, Inc. will post 2.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, January 11th. Patterson Companies’s dividend payout ratio (DPR) is 62.28%.

In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John D. Buck purchased 2,834 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of $34.93 per share, with a total value of $98,991.62. Following the completion of the purchase, the director now owns 54,627 shares of the company’s stock, valued at $1,908,121.11. The disclosure for this purchase can be found here. Corporate insiders own 0.46% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. raised its stake in Patterson Companies by 9.5% in the third quarter. Eqis Capital Management Inc. now owns 15,135 shares of the company’s stock worth $585,000 after buying an additional 1,317 shares in the last quarter. Swiss National Bank grew its holdings in Patterson Companies by 0.5% in the third quarter. Swiss National Bank now owns 304,458 shares of the company’s stock worth $11,767,000 after purchasing an additional 1,500 shares during the period. Chevy Chase Trust Holdings Inc. grew its holdings in Patterson Companies by 2.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 73,041 shares of the company’s stock worth $2,823,000 after purchasing an additional 1,511 shares during the period. Ridgewood Investments LLC grew its holdings in Patterson Companies by 22.8% in the fourth quarter. Ridgewood Investments LLC now owns 8,204 shares of the company’s stock worth $296,000 after purchasing an additional 1,523 shares during the period. Finally, Stifel Financial Corp grew its holdings in Patterson Companies by 3.7% in the third quarter. Stifel Financial Corp now owns 44,467 shares of the company’s stock worth $1,722,000 after purchasing an additional 1,571 shares during the period. 95.06% of the stock is 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.

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