Patterson Cos. (NASDAQ:PDCO)‘s stock had its “sell” rating reiterated by investment analysts at Off Wall Street in a report issued on Wednesday.

Several other research analysts have also commented on PDCO. Jefferies Group reaffirmed a “hold” rating on shares of Patterson Cos. in a research report on Thursday, August 4th. Zacks Investment Research lowered Patterson Cos. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. Bank of America Corp. assumed coverage on Patterson Cos. in a research report on Wednesday, August 24th. They set an “underperform” rating and a $44.00 price target on the stock. Robert W. Baird reissued 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, Evercore ISI reissued a “hold” rating and issued a $48.00 target price (down previously from $49.00) on shares of Patterson Cos. in a report on Friday, August 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.40.

Analyst Recommendations for Patterson Cos. (NASDAQ:PDCO)

Patterson Cos. (NASDAQ:PDCO) opened at 39.26 on Wednesday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 19.36 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 firm has a 50-day moving average price of $45.11 and a 200-day moving average price of $46.67.

Patterson Cos. (NASDAQ:PDCO) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.56 EPS for the quarter, missing the 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. On average, equities analysts predict that Patterson Cos. will post $2.57 earnings per share for the current year.

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

In related news, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $46.22, for a total transaction of $34,665.00. Following the transaction, the insider now owns 40,153 shares of the company’s stock, valued at $1,855,871.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Windsor Financial Group LLC increased its stake in Patterson Cos. by 2.6% in the second quarter. Windsor Financial Group LLC now owns 104,774 shares of the company’s stock worth $5,018,000 after buying an additional 2,700 shares during the last quarter. Fenimore Asset Management Inc. increased its stake in Patterson Cos. by 5.3% in the second quarter. Fenimore Asset Management Inc. now owns 731,190 shares of the company’s stock worth $35,017,000 after buying an additional 36,550 shares during the last quarter. Capstone Asset Management Co. increased its stake in Patterson Cos. by 2.1% in the second quarter. Capstone Asset Management Co. now owns 13,673 shares of the company’s stock worth $655,000 after buying an additional 280 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 worth $113,000 after buying an additional 12 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Patterson Cos. by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 71,103 shares of the company’s stock worth $3,405,000 after buying an additional 630 shares during the last quarter. 78.44% of the stock is currently owned by hedge funds and other institutional investors.

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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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