Patterson Cos. (NASDAQ:PDCO)‘s stock had its “neutral” rating reissued by Jefferies Group in a research note issued to investors on Friday. They currently have a $48.00 price target on the stock. Jefferies Group’s target price suggests a potential upside of 22.26% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Off Wall Street started coverage on shares of Patterson Cos. in a report on Monday, August 8th. They set a “sell” rating for the company. Bank of America Corp. assumed coverage on shares of Patterson Cos. in a report on Wednesday, August 24th. They issued an “underperform” rating and a $44.00 target price for the company. Zacks Investment Research downgraded shares of Patterson Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Robert W. Baird reiterated a “neutral” rating and issued a $49.00 target price (down previously from $51.00) on shares of Patterson Cos. in a report on Friday, August 26th. Finally, Northcoast Research reiterated a “buy” rating on shares of Patterson Cos. in a report on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Patterson Cos. presently has an average rating of “Hold” and an average price target of $46.67.

Analyst Recommendations for Patterson Cos. (NASDAQ:PDCO)

Shares of Patterson Cos. (NASDAQ:PDCO) traded down 1.643% during trading on Friday, hitting $38.615. The stock had a trading volume of 500,536 shares. The stock has a market cap of $3.69 billion, a P/E ratio of 19.041 and a beta of 0.97. Patterson Cos. has a one year low of $36.46 and a one year high of $50.40. The stock’s 50 day moving average price is $45.11 and its 200-day moving average price is $46.67.

Patterson Cos. (NASDAQ:PDCO) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Patterson Cos. had a return on equity of 17.16% and a net margin of 3.69%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. Analysts expect that Patterson Cos. will post $2.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.96 annualized dividend and a yield of 2.45%. Patterson Cos.’s dividend payout ratio is presently 44.65%.

In other Patterson Cos. news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $46.22, for a total value of $34,665.00. Following the completion of the transaction, the insider now owns 40,153 shares of the company’s stock, valued at approximately $1,855,871.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in Patterson Cos. by 0.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,358 shares of the company’s stock valued at $113,000 after buying an additional 12 shares during the period. Toronto Dominion Bank boosted its stake in Patterson Cos. by 425.2% in the third quarter. Toronto Dominion Bank now owns 2,442 shares of the company’s stock valued at $112,000 after buying an additional 1,977 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Patterson Cos. by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,702 shares of the company’s stock valued at $124,000 after buying an additional 11 shares during the period. TLP Group LLC purchased a new stake in Patterson Cos. during the second quarter valued at about $140,000. Finally, Investment Counselors of Maryland LLC boosted its stake in Patterson Cos. by 45.6% in the third quarter. Investment Counselors of Maryland LLC now owns 2,979 shares of the company’s stock valued at $137,000 after buying an additional 933 shares during the period. 78.44% of the stock is owned by institutional investors and hedge funds.

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Patterson Cos. Company Profile

Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.

5 Day Chart for NASDAQ:PDCO

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