Patterson Companies (NASDAQ:PDCO) Lowered to Hold Rating by Leerink Partnrs

Leerink Partnrs lowered shares of Patterson Companies (NASDAQ:PDCO) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports. Leerink Partnrs also issued estimates for Patterson Companies’ Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $2.27 EPS, FY2026 earnings at $2.48 EPS, FY2027 earnings at $2.76 EPS and FY2028 earnings at $3.04 EPS.

Several other equities analysts have also commented on the stock. Robert W. Baird lowered their price target on shares of Patterson Companies from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Mizuho started coverage on shares of Patterson Companies in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price target on the stock. Piper Sandler reduced their price objective on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. UBS Group decreased their price objective on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Evercore ISI cut their target price on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.24.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $31.08 on Wednesday. The company has a market cap of $2.74 billion, a P/E ratio of 18.16, a PEG ratio of 2.72 and a beta of 1.00. The business has a 50 day moving average of $21.52 and a two-hundred day moving average of $22.88. Patterson Companies has a 52 week low of $19.45 and a 52 week high of $31.79. 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 (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, analysts anticipate that Patterson Companies will post 2.27 EPS for the current year.

Patterson Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Wednesday, October 16th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, October 18th. Patterson Companies’s dividend payout ratio is presently 60.82%.

Insider Activity at Patterson Companies

In related news, CEO Donald Zurbay sold 1,962 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.08, for a total value of $45,282.96. Following the sale, the chief executive officer now directly owns 222,736 shares in the company, valued at $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 is available through this link. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Patterson Companies

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Patterson Companies by 31.5% in the third quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock valued at $726,000 after buying an additional 7,969 shares in the last quarter. Equity Investment Corp grew its holdings in shares of Patterson Companies by 10.6% in the 3rd quarter. Equity Investment Corp now owns 1,739,669 shares of the company’s stock worth $37,994,000 after acquiring an additional 166,899 shares during the last quarter. Seven Eight Capital LP raised its position in shares of Patterson Companies by 177.7% during the second quarter. Seven Eight Capital LP now owns 73,504 shares of the company’s stock worth $1,773,000 after purchasing an additional 47,032 shares during the period. Goodman Financial Corp lifted its holdings in shares of Patterson Companies by 19.1% during the third quarter. Goodman Financial Corp now owns 543,282 shares of the company’s stock valued at $11,865,000 after purchasing an additional 86,972 shares during the last quarter. Finally, Mork Capital Management LLC boosted its position in shares of Patterson Companies by 142.9% in the 3rd quarter. Mork Capital Management LLC now owns 84,980 shares of the company’s stock valued at $1,856,000 after purchasing an additional 50,000 shares during the period. 85.43% of the stock is currently owned by institutional investors.

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.