Patterson Companies Inc. (NASDAQ: PDCO) is -28.89% lower on its value in year-to-date trading and has touched a low of $19.96 and a high of $32.58 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 $20.59 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $20.23, the stock is -5.36% and -12.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing -1.75% at the moment leaves the stock -21.42% off its SMA200. PDCO registered -32.21% loss for a year compared to 6-month loss of -23.25%. The firm has a 50-day simple moving average (SMA 50) of $23.143 and a 200-day simple moving average (SMA200) of $25.7122.
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The stock witnessed a -7.75% gain in the last 1 month and extending the period to 3 months gives it a -14.96%, and is -6.04% down 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 3.03% over the week and 3.05% over the month.
Patterson Companies Inc. (PDCO) has around 7600 employees, a market worth around $1.78B and $6.53B in sales. Current P/E ratio is 11.04 and Fwd P/E is 8.04. Profit margin for the company is 2.58%. Distance from 52-week low is 1.35% and -37.91% from its 52-week high. The company has generated returns on investments over the last 12 months (12.26%).
The EPS is expected to grow by 1.02% this year
427.0 institutions hold shares in Patterson Companies Inc. (PDCO), with institutional investors hold 90.43% of the company’s shares. The shares outstanding are 89.70M, and float is at 77.69M with Short Float at 4.44%. Institutions hold 89.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.88 million shares valued at $310.67 million. The investor’s holdings represent 13.8543 of the PDCO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.42 million shares valued at $227.22 million to account for 10.1329 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.92 million shares representing 4.2114 and valued at over $94.44 million, while STATE STREET CORP holds 3.4717 of the shares totaling 3.23 million with a market value of $77.85 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).
