Patterson Companies, Inc. (NASDAQ:PDCO) Shares Acquired by Values First Advisors Inc.

Values First Advisors Inc. increased its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,940 shares of the company’s stock after buying an additional 677 shares during the quarter. Values First Advisors Inc.’s holdings in Patterson Companies were worth $311,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Money Concepts Capital Corp lifted its holdings in shares of Patterson Companies by 195.7% during the fourth quarter. Money Concepts Capital Corp now owns 902 shares of the company’s stock valued at $25,000 after purchasing an additional 597 shares during the last quarter. Quarry LP lifted its holdings in shares of Patterson Companies by 499.4% during the first quarter. Quarry LP now owns 1,001 shares of the company’s stock valued at $27,000 after purchasing an additional 834 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Patterson Companies by 54.8% during the third quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $36,000 after purchasing an additional 434 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Patterson Companies by 27.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,773 shares of the company’s stock valued at $50,000 after purchasing an additional 377 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of Patterson Companies during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Patterson Companies Stock Down 0.5 %

Shares of NASDAQ PDCO traded down $0.14 during mid-day trading on Thursday, reaching $27.65. 695,271 shares of the company traded hands, compared to its average volume of 1,141,781. The company’s fifty day moving average is $28.27 and its two-hundred day moving average is $29.00. Patterson Companies, Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $34.53. The stock has a market cap of $2.48 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.43.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Wednesday, February 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Patterson Companies had a net margin of 2.95% and a return on equity of 20.98%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company earned $0.62 EPS. Patterson Companies’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Patterson Companies, Inc. will post 2.32 earnings per share for the current year.

Patterson Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.76%. Patterson Companies’s payout ratio is presently 51.23%.

Analysts Set New Price Targets

PDCO has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Patterson Companies from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. SVB Leerink began coverage on Patterson Companies in a research report on Monday, February 26th. They set an “outperform” rating and a $36.00 price target on the stock. The Goldman Sachs Group dropped their price target on Patterson Companies from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, November 30th. Morgan Stanley dropped their price target on Patterson Companies from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 30th. Finally, Piper Sandler lowered Patterson Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.11.

About Patterson Companies

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.