Patterson Companies, Inc. (NASDAQ:PDCO) has received a consensus rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $40.40.

Several research firms have commented on PDCO. BidaskClub downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Royal Bank of Canada began coverage on shares of Patterson Companies in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $42.00 price objective on the stock. Cleveland Research restated a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of Patterson Companies in a research note on Wednesday, November 22nd. Finally, UBS upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Friday, August 25th.

Patterson Companies (NASDAQ PDCO) traded down $0.87 during midday trading on Friday, reaching $35.12. 2,026,100 shares of the company’s stock traded hands, compared to its average volume of 1,311,373. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10. Patterson Companies has a 1 year low of $32.07 and a 1 year high of $48.29. The company has a market capitalization of $3,412.72, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.06 and a beta of 0.95.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company posted $0.56 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. sell-side analysts expect that Patterson Companies will post 2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.04 dividend on an annualized basis and a yield of 2.96%. Patterson Companies’s payout ratio is 62.28%.

In other news, Director John D. Buck acquired 2,834 shares of Patterson Companies stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the completion of the purchase, the director now directly owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ann B. Gugino sold 750 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. AXA grew its stake in Patterson Companies by 32.4% during the third quarter. AXA now owns 249,388 shares of the company’s stock worth $9,639,000 after buying an additional 61,088 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Patterson Companies by 46.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,878,432 shares of the company’s stock worth $188,551,000 after acquiring an additional 1,536,422 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Patterson Companies by 58.7% in the third quarter. Public Employees Retirement System of Ohio now owns 55,374 shares of the company’s stock worth $2,140,000 after acquiring an additional 20,491 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Patterson Companies by 6.1% in the third quarter. California Public Employees Retirement System now owns 271,947 shares of the company’s stock worth $10,511,000 after acquiring an additional 15,585 shares during the last quarter. Finally, Continental Advisors LLC lifted its holdings in shares of Patterson Companies by 10.6% in the third quarter. Continental Advisors LLC now owns 78,264 shares of the company’s stock worth $3,025,000 after acquiring an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.

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Patterson Companies Company Profile

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.

Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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