Patterson Companies, Inc. (NASDAQ:PDCO) Given Average Rating of "Hold" by Analysts

Shares of Patterson Companies, Inc. (NASDAQ:PDCO - Get Free Report) have received an average recommendation of "Hold" from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.57.

Several research firms have recently issued reports on PDCO. Morgan Stanley raised their price target on shares of Patterson Companies from $27.00 to $31.35 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Leerink Partners restated a "market perform" rating and issued a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. StockNews.com started coverage on Patterson Companies in a research report on Tuesday. They issued a "hold" rating on the stock. Stifel Nicolaus lowered their price objective on Patterson Companies from $25.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, December 5th. Finally, Piper Sandler cut their price objective on Patterson Companies from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Friday, December 6th.

Insider Buying and Selling at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the sale, the chief executive officer now directly owns 222,736 shares in the company, valued at approximately $5,140,746.88. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Patterson Companies

A number of institutional investors and hedge funds have recently made changes to their positions in PDCO. Profit Investment Management LLC raised its stake in Patterson Companies by 7.8% during the 4th quarter. Profit Investment Management LLC now owns 101,685 shares of the company's stock worth $3,138,000 after buying an additional 7,338 shares during the period. GAMMA Investing LLC increased its holdings in shares of Patterson Companies by 103.0% during the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock valued at $41,000 after acquiring an additional 680 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of Patterson Companies by 20.5% during the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock valued at $51,000 after acquiring an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Patterson Companies in the 3rd quarter worth $65,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Patterson Companies by 54.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,670 shares of the company's stock worth $525,000 after purchasing an additional 9,015 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Patterson Companies Trading Down 0.0 %

Patterson Companies stock traded down $0.01 during trading hours on Thursday, hitting $30.88. The stock had a trading volume of 1,975,471 shares, compared to its average volume of 1,819,837. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.68 and a beta of 0.89. Patterson Companies has a one year low of $19.45 and a one year high of $31.79. The business's 50 day simple moving average is $26.46 and its 200-day simple moving average is $24.09.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, equities analysts predict that Patterson Companies will post 2.25 EPS for the current fiscal year.

Patterson Companies Company Profile

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.