As of Wednesday close, Patterson Companies Inc.’s (NASDAQ:PDCO) stock was down -$2.59, moving down -7.77 percent to $30.74. The average number of shares traded per day over the past five days has been 1,435,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.18 fall in that time frame. In the last twenty days, the average volume was 934,710, while in the previous 50 days, it was 978,108.
Since last month, PDCO stock retreated -7.07%. Shares of the company fell to $28.60 on 08/30/23, the lowest level in the past month. A 52-week high of $34.53 was reached on 08/18/23 after having rallying from a 52-week low of $23.87. Since the beginning of this year, PDCO’s stock price has risen by 9.67% or $2.71, and marked a new high 22 times. However, the stock has declined by -10.98% since its 52-week high.
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Sponsored
PDCO stock investors should be aware that Patterson Companies Inc. (PDCO) stock had its last reported insider trading activity 44 days ago on Jul 18. Zurbay Donald, the President & CEO of the company, disposed of 5,620 shares for $32.48 on Jul 18. It resulted in a $182,553 divestment by the insider. KORSH LES B sold 3,686 shares at an average price of $32.47 on Jul 18. The insider now owns 78,095 shares following the transaction. On Jul 05, President & CEO Zurbay Donald sold 1,666 shares at $32.34 apiece. The transaction was valued at $53,878.
Valuation Metrics
Right now, Patterson Companies Inc. (PDCO) has a P/E ratio of about 14.47. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 0.46, the price-to-book (PB) ratio of 2.68.
The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26. On Tuesday March 14 2017, a $0.02 dividend increase was announced.
Financial Health
In the three months ended April 29, Patterson Companies Inc.’s quick ratio stood at 0.90, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.40, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 21.20% percent. In the year ended April 29, EBITDA margin amounted to 5.68%, whereas operating margins totaled 4.30%. Based on annual data, PDCO earned $1.37 billion in gross profit and brought in $6.47 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.90%. Return on equity (ROE) for the past 12 months was 19.40%.
In Patterson Companies Inc.’s quarter-end financial report for April 29, it reported total debt of $451.23 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PDCO’s revenue rose 4.79% to $1.6 billion during the quarter, while net income inched up to $1.72 billion. While analysts expected Patterson Companies Inc. to report $0.7 quarterly earnings, the actual figure was $0.84 per share. During the quarter, the company generated $126.52 million in EBITDA. The liabilities of Patterson Companies Inc. were 1.76 billion at the end of its most recent quarter ended April 29, and its total debt was $641.26 million. The value of shareholders’ equity is $95.29 million.
Technical Picture
This quick technical analysis looks at Patterson Companies Inc.’s (PDCO) price momentum. With a historical volatility rate of 41.87%, the RSI 9-day stood at 21.50% on 30 August.
With respect to its five-day moving average, the current Patterson Companies Inc. price is down by -9.37% percent or -$3.18. At present, PDCO shares trade -7.13% below its 20-day simple moving average and +16.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.78% above its SMA50 and +7.56% above its SMA200.
Stochastic coefficient K was 39.84% and Stochastic coefficient D was 45.42%, while ATR was 1.06. Given the Stochastic reading of 36.08% for the 14-day period, the RSI (14) reading has been calculated as 30.49%. As of today, the MACD Oscillator reading stands at -0.82, while the 14-day reading stands at -0.92.
Analyst Ratings
Patterson Companies Inc. (PDCO) has been rated Hold by analysts. According to 0 brokerage firms, PDCO is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Patterson Companies Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $35.00, the current consensus forecast for the stock is $31.00 – $40.00. Based on these forecasts, analysts predict Patterson Companies Inc. (PDCO) will achieve an average price target of $35.36.
