Patterson Companies, Inc. (NASDAQ:PDCO) has earned an average rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.23.

Several analysts have commented on PDCO shares. Zacks Investment Research upgraded shares of Patterson Companies from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 22nd. BidaskClub upgraded shares of Patterson Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. ValuEngine upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Leerink Swann started coverage on shares of Patterson Companies in a research note on Friday, August 10th. They issued a “market perform” rating and a $25.00 price target on the stock. Finally, Goldman Sachs Group initiated coverage on shares of Patterson Companies in a research note on Friday, October 19th. They issued a “sell” rating and a $19.00 price target on the stock.

NASDAQ:PDCO traded up $0.54 during trading hours on Monday, reaching $25.01. The company had a trading volume of 64,258 shares, compared to its average volume of 1,473,809. The company has a current ratio of 1.79, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Patterson Companies has a 52 week low of $20.22 and a 52 week high of $38.52. The company has a market cap of $2.23 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.08). Patterson Companies had a return on equity of 9.71% and a net margin of 3.01%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Research analysts forecast that Patterson Companies will post 1.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were issued a $0.26 dividend. The ex-dividend date was Thursday, October 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.16%. Patterson Companies’s dividend payout ratio (DPR) is presently 61.90%.

Several institutional investors have recently bought and sold shares of PDCO. FMR LLC increased its holdings in shares of Patterson Companies by 100.5% in the 2nd quarter. FMR LLC now owns 4,692,969 shares of the company’s stock worth $106,389,000 after buying an additional 2,352,041 shares during the last quarter. BlackRock Inc. grew its holdings in Patterson Companies by 31.3% during the 2nd quarter. BlackRock Inc. now owns 9,003,165 shares of the company’s stock valued at $204,103,000 after purchasing an additional 2,146,696 shares during the last quarter. Alps Advisors Inc. bought a new position in Patterson Companies during the 2nd quarter valued at about $48,813,000. First Trust Advisors LP grew its holdings in Patterson Companies by 187.9% during the 2nd quarter. First Trust Advisors LP now owns 1,295,766 shares of the company’s stock valued at $29,375,000 after purchasing an additional 845,635 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Patterson Companies by 224.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,097,604 shares of the company’s stock valued at $24,883,000 after purchasing an additional 759,500 shares during the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Patterson Companies Company Profile

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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Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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