Patterson Companies Inc. (NASDAQ: PDCO) is -12.51% lower on its value in year-to-date trading and has touched a low of $22.29 and a high of $34.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PDCO stock was last observed hovering at around $24.29 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $24.89, the stock is -0.34% and 2.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing 2.47% at the moment leaves the stock -7.63% off its SMA200. PDCO registered -26.43% loss for a year compared to 6-month loss of -11.52%.
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The stock witnessed a -5.65% gain in the last 1 month and extending the period to 3 months gives it a -3.64%, and is 1.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.97% over the week and 2.63% over the month.
Patterson Companies Inc. (PDCO) has around 7600 employees, a market worth around $2.19B and $6.57B in sales. Current P/E ratio is 12.43 and Fwd P/E is 9.70. Profit margin for the company is 2.83%. Distance from 52-week low is 11.66% and -27.92% from its 52-week high. The company has generated returns on investments over the last 12 months (13.07%).
Patterson Companies Inc. quarterly earnings per share for the current quarter are estimated at 0.32 with sales reaching $1.59B over the same period.The EPS is expected to grow by 2.94% this year, but quarterly earnings will post 2.40% year-over-year.
427.0 institutions hold shares in Patterson Companies Inc. (PDCO), with institutional investors hold 100.21% of the company’s shares. The shares outstanding are 89.70M, and float is at 77.75M with Short Float at 3.86%. Institutions hold 88.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.6 million shares valued at $$376.05 million. The investor’s holdings represent 14.7816 of the PDCO Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 10.02 million shares valued at $$277.0 million to account for 10.8883 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.89 million shares representing 4.23 and valued at over $$107.61 million, while STATE STREET CORP holds 3.6308 of the shares totaling 3.34 million with a market value of $$92.37 million.
Patterson Companies Inc. (PDCO) Insider Activity
The most recent transaction is an insider sale by Zurbay Donald, the company’s President & CEO. SEC filings show that Zurbay Donald sold 7,216 shares of the company’s common stock on Jul 16 ’24 at a price of $24.99 per share for a total of $0.18 million. Following the sale, the insider now owns 0.23 million shares.
Patterson Companies Inc. disclosed in a document filed with the SEC on Jul 03 ’24 that Zurbay Donald (President & CEO) sold a total of 5,875 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $23.71 per share for $0.14 million. Following the transaction, the insider now directly holds 0.24 million shares of the PDCO stock.
Still, SEC filings show that on Jul 03 ’24, KORSH LES B (CLO & Corporate Secretary) disposed off 2,842 shares at an average price of $23.71 for $67398.0. The insider now directly holds 103,765 shares of Patterson Companies Inc. (PDCO).
