Evercore ISI reiterated their hold rating on shares of Patterson Cos. (NASDAQ:PDCO) in a research note published on Monday morning. The firm currently has a $39.00 price objective on the stock, down from their prior price objective of $46.00.

PDCO has been the topic of a number of other reports. Zacks Investment Research cut Patterson Cos. from a hold rating to a sell rating in a research report on Wednesday, September 14th. Northcoast Research restated a buy rating on shares of Patterson Cos. in a research report on Tuesday, November 1st. Bank of America Corp. started coverage on Patterson Cos. in a research report on Wednesday, August 24th. They set an underperform rating and a $44.00 target price on the stock. TheStreet upgraded Patterson Cos. from a hold rating to a buy rating in a research report on Friday, November 11th. Finally, Jefferies Group restated a neutral rating and set a $48.00 target price on shares of Patterson Cos. in a research report on Friday, November 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $45.33.

Shares of Patterson Cos. (NASDAQ:PDCO) opened at 38.74 on Monday. Patterson Cos. has a 12 month low of $36.46 and a 12 month high of $50.40. The firm’s 50-day moving average price is $44.75 and its 200-day moving average price is $46.63. The stock has a market capitalization of $3.69 billion, a P/E ratio of 17.99 and a beta of 0.97.

Patterson Cos. (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Patterson Cos. had a net margin of 3.69% and a return on equity of 17.17%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities research analysts forecast that Patterson Cos. will post $2.57 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in Patterson Cos. by 46.8% in the third quarter. D.A. Davidson & CO. now owns 10,908 shares of the company’s stock worth $498,000 after buying an additional 3,480 shares during the period. Price T Rowe Associates Inc. MD raised its position in Patterson Cos. by 1.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 158,860 shares of the company’s stock worth $7,298,000 after buying an additional 2,620 shares during the period. Quantitative Systematic Strategies LLC raised its position in Patterson Cos. by 116.2% in the third quarter. Quantitative Systematic Strategies LLC now owns 27,647 shares of the company’s stock worth $1,258,000 after buying an additional 14,862 shares during the period. Cullen Capital Management LLC acquired a new position in Patterson Cos. during the third quarter worth $585,000. Finally, Candriam Luxembourg S.C.A. raised its position in Patterson Cos. by 45.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 12,439 shares of the company’s stock worth $571,000 after buying an additional 3,880 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Patterson Cos. Company Profile

Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.

5 Day Chart for NASDAQ:PDCO

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