Patterson Companies, Inc. (NASDAQ:PDCO) shares traded up 6.7% during trading on Tuesday . The company traded as high as $18.04 and last traded at $17.28, 1,388,637 shares traded hands during mid-day trading. An increase of 3% from the average session volume of 1,348,272 shares. The stock had previously closed at $16.19.
A number of analysts have recently commented on the company. Barclays reissued a “sell” rating and issued a $16.00 price objective on shares of Patterson Companies in a research note on Friday, March 20th. Guggenheim raised Patterson Companies from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, January 7th. William Blair reissued a “market perform” rating on shares of Patterson Companies in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised Patterson Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $25.00 in a research note on Friday, February 28th. Finally, Cfra raised Patterson Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.44.
The business has a 50-day moving average price of $21.86 and a 200-day moving average price of $20.10. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20. The company has a quick ratio of 0.69, a current ratio of 1.41 and a debt-to-equity ratio of 0.44.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, February 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 9.57% and a net margin of 0.85%. Patterson Companies’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, sell-side analysts predict that Patterson Companies, Inc. will post 1.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Wednesday, April 8th. Patterson Companies’s dividend payout ratio (DPR) is presently 74.29%.
Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC grew its holdings in shares of Patterson Companies by 0.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 125,525 shares of the company’s stock valued at $2,571,000 after buying an additional 627 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Patterson Companies by 7.9% during the fourth quarter. Advisory Services Network LLC now owns 9,019 shares of the company’s stock valued at $185,000 after buying an additional 660 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of Patterson Companies by 1.6% during the fourth quarter. Mason Street Advisors LLC now owns 45,821 shares of the company’s stock valued at $938,000 after buying an additional 723 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Patterson Companies by 0.8% during the third quarter. First Trust Advisors LP now owns 100,827 shares of the company’s stock valued at $1,797,000 after buying an additional 758 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of Patterson Companies by 0.4% during the fourth quarter. American International Group Inc. now owns 217,264 shares of the company’s stock valued at $4,450,000 after buying an additional 890 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.
Patterson Companies Company Profile (NASDAQ:PDCO)
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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