Insider Selling: Patterson Companies VP Sean M. Muniz Unloads 1,095 Shares of Stock (PDCO)
Patterson Companies (NASDAQ:PDCO) VP Sean M. Muniz sold 1,095 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $39.58, for a total transaction of $43,340.10. Following the sale, the vice president now directly owns 19,046 shares in the company, valued at approximately $753,841. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
PDCO has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Patterson Companies in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock, down previously from $44.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Patterson Companies in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Patterson Companies from $35.00 to $34.00 in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $39.94.
Shares of Patterson Companies (NASDAQ:PDCO) traded down 0.64% on Tuesday, hitting $39.345. The stock had a trading volume of 217,775 shares. Patterson Companies has a one year low of $36.59 and a one year high of $44.39. The stock’s 50-day moving average is $40.33 and its 200-day moving average is $40.85. The company has a market cap of $3.923 billion and a price-to-earnings ratio of 20.10.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, May 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Patterson Companies will post $2.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.02%.
Patterson Companies, Inc (NASDAQ:PDCO) is a distributor serving three markets: the United States companion animal (dogs, cats and other common household pets) and equine veterinary supply, and the worldwide rehabilitation and assistive products supply market.
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