Patterson Companies, Inc. (NASDAQ:PDCO) Receives $26.57 Consensus Price Target from Analysts

Patterson Companies, Inc. (NASDAQ:PDCO) has been assigned an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.57.

Several analysts have recently weighed in on the company. Leerink Partners reiterated a “market perform” rating and set a $31.35 target price (up from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Stifel Nicolaus decreased their price objective on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, December 5th. Morgan Stanley upped their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Piper Sandler decreased their price target on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Finally, Leerink Partnrs cut Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th.

Patterson Companies Stock Up 0.0 %

NASDAQ PDCO opened at $31.04 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. Patterson Companies has a 52 week low of $19.45 and a 52 week high of $31.79. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.70 and a beta of 0.90. The company has a fifty day moving average of $30.11 and a two-hundred day moving average of $24.88.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. Patterson Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Patterson Companies will post 2.25 earnings per share for the current year.

Insider Transactions at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.08, for a total transaction of $45,282.96. Following the sale, the chief executive officer now owns 222,736 shares in the company, valued at approximately $5,140,746.88. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Values First Advisors Inc. boosted its holdings in Patterson Companies by 2.9% during the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company’s stock worth $369,000 after buying an additional 337 shares in the last quarter. Huntington National Bank grew its stake in Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after acquiring an additional 391 shares during the period. Anchor Investment Management LLC increased its holdings in Patterson Companies by 20.5% in the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. increased its holdings in Patterson Companies by 18.0% in the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock worth $84,000 after acquiring an additional 417 shares in the last quarter. Finally, Spire Wealth Management raised its position in Patterson Companies by 11.2% during the fourth quarter. Spire Wealth Management now owns 4,160 shares of the company’s stock worth $128,000 after acquiring an additional 419 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

About Patterson Companies

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.