Patterson Companies (PDCO) Shares Gap Down to $36.32
Patterson Companies, Inc. (NASDAQ:PDCO) gapped down before the market opened on Wednesday . The stock had previously closed at $38.90, but opened at $36.32. Patterson Companies shares last traded at $34.81, with a volume of 2821032 shares changing hands.
Several brokerages have issued reports on PDCO. BidaskClub downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird reissued a “buy” rating and set a $44.00 target price on shares of Patterson Companies in a research note on Tuesday, September 26th. Morgan Stanley downgraded shares of Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 target price on the stock. in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, August 15th. Finally, Deutsche Bank started coverage on shares of Patterson Companies in a research note on Friday. They issued a “hold” rating and a $37.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.40.
The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10. The stock has a market cap of $3,300.82, a PE ratio of 15.68, a PEG ratio of 1.99 and a beta of 0.95.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. equities analysts anticipate that Patterson Companies, Inc. will post 2.06 EPS for the current year.
In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John D. Buck acquired 2,834 shares of Patterson Companies stock in a transaction on Friday, November 24th. The stock was acquired 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 owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Amica Retiree Medical Trust raised its holdings in shares of Patterson Companies by 433.8% during the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock worth $116,000 after acquiring an additional 2,429 shares during the period. Advisory Services Network LLC increased its stake in Patterson Companies by 423.4% in the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after buying an additional 2,041 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Patterson Companies by 15.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after buying an additional 415 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Patterson Companies by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after buying an additional 150 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in Patterson Companies in the 2nd quarter valued at $188,000. 93.36% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Patterson Companies (PDCO) Shares Gap Down to $36.32” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.watchlistnews.com/patterson-companies-pdco-shares-gap-down-to-36-32/1751684.html.
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.
Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.