Patterson Companies Stock Price, News & Analysis (NASDAQ:PDCO)

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson Companies in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PDCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDCO, but not buy additional shares or sell existing shares.
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4 brokerages have issued 1-year price targets for Patterson Companies' shares. Their PDCO share price targets range from $30.00 to $40.00. On average, they predict the company's share price to reach $34.71 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price.
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Patterson Companies' stock was trading at $28.03 on January 1st, 2023. Since then, PDCO stock has decreased by 10.2% and is now trading at $25.18.
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Patterson Companies saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,210,000 shares, an increase of 18.5% from the October 31st total of 2,710,000 shares. Based on an average daily volume of 960,300 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.8% of the shares of the company are short sold.
View Patterson Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our PDCO earnings forecast.

Patterson Companies, Inc. (NASDAQ:PDCO) posted its earnings results on Wednesday, November, 29th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.09. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.70 billion. Patterson Companies had a trailing twelve-month return on equity of 22.24% and a net margin of 3.28%. The business's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS.

Patterson Companies announced a quarterly dividend on Tuesday, September 12th. Shareholders of record on Friday, October 20th will be given a dividend of $0.26 per share on Friday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, October 19th.
Read our dividend analysis for PDCO.

Patterson Companies (NASDAQ:PDCO) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.31%. The dividend payout ratio is 47.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCO will have a dividend payout ratio of 38.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDCO.

ETFs with the largest weight of Patterson Companies (NASDAQ:PDCO) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), Small Cap US Equity Select ETF (RNSC), SPDR S&P Health Care Services ETF (XHS), Jpmorgan Active Small Cap Value ETF (JPSV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Invesco S&P MidCap Low Volatility ETF (XMLV).

Patterson Companies issued an update on its FY24 earnings guidance on Wednesday, November, 29th. The company provided earnings per share guidance of $2.35-2.45 for the period, compared to the consensus earnings per share estimate of $2.50.

66 employees have rated Patterson Companies Chief Executive Officer Mark Walchirk on Glassdoor.com. Mark Walchirk has an approval rating of 95% among the company's employees. This puts Mark Walchirk in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson Companies investors own include AbbVie (ABBV), Gilead Sciences (GILD), AT&T (T), Cisco Systems (CSCO), Enterprise Products Partners (EPD), Henry Schein (HSIC), Abbott Laboratories (ABT), Advanced Micro Devices (AMD), Verizon Communications (VZ) and CVS Health (CVS).

Patterson Companies' stock is owned by a variety of retail and institutional investors. Top institutional investors include River Road Asset Management LLC (2.81%), Morgan Stanley (2.18%), Nordea Investment Management AB (2.16%), Allspring Global Investments Holdings LLC (1.74%), Northern Trust Corp (1.51%) and Bank of New York Mellon Corp (1.46%). Insiders that own company stock include Andrea L Frohning, Donald Zurbay, Jody H Feragen, Kevin Michael Barry, Les B Korsh, Les B Korsh and Timothy E Rogan.
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Shares of PDCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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