A Reversal for Patterson Companies, Inc. (PDCO) Is Not Near. The Stock Reaches 52 Week Low Today

May 24, 2018 - By Dolores Ford

Patterson Companies, Inc. (NASDAQ:PDCO) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.25, from 1.25 in 2017Q3. It worsened, as 57 investors sold Patterson Companies, Inc. shares while 113 reduced holdings. 66 funds opened positions while 104 raised stakes. 87.24 million shares or 1.30% less from 88.39 million shares in 2017Q3 were reported.
Robeco Institutional Asset Bv holds 12,094 shares or 0% of its portfolio. Axa holds 0.08% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 564,188 shares. The Illinois-based Blair William & Co Il has invested 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Arcadia Inv Mngmt Mi holds 300 shares or 0% of its portfolio. State Street, a Massachusetts-based fund reported 3.24 million shares. Vanguard has invested 0.01% in Patterson Companies, Inc. (NASDAQ:PDCO). Manufacturers Life Com The invested in 0.06% or 1.54M shares. Daiwa Securities Gp holds 16 shares or 0% of its portfolio. Georgia-based Suntrust Banks has invested 0.01% in Patterson Companies, Inc. (NASDAQ:PDCO). Kistler holds 0% or 345 shares in its portfolio. South Dakota Council holds 78,200 shares or 0.06% of its portfolio. Country Club Na has invested 0.05% in Patterson Companies, Inc. (NASDAQ:PDCO). Legal & General Group Public Ltd holds 0.01% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 386,099 shares. Fdx Advisors reported 0.06% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Dekabank Deutsche Girozentrale holds 0% or 10,196 shares in its portfolio.

Since January 11, 2018, it had 0 insider purchases, and 1 insider sale for $27,285 activity.

The stock of Patterson Companies, Inc. (NASDAQ:PDCO) hit a new 52-week low and has $20.86 target or 4.00 % below today’s $21.73 share price. The 6 months bearish chart indicates high risk for the $2.01B company. The 1-year low was reported on May, 24 by Barchart.com. If the $20.86 price target is reached, the company will be worth $80.32M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.09% or $0.44 during the last trading session, reaching $21.73. About 1.39M shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.49% since May 24, 2017 and is downtrending. It has underperformed by 63.04% the S&P500.

Patterson Companies, Inc. (NASDAQ:PDCO) Ratings Coverage

Among 12 analysts covering Patterson Companies (NASDAQ:PDCO), 2 have Buy rating, 5 Sell and 5 Hold. Therefore 17% are positive. Patterson Companies had 17 analyst reports since December 6, 2017 according to SRatingsIntel. The rating was upgraded by Craig Hallum to “Buy” on Friday, April 6. The rating was downgraded by JP Morgan to “Underweight” on Thursday, February 15. Piper Jaffray maintained the stock with “Hold” rating in Thursday, March 1 report. The stock has “Buy” rating by Northcoast on Thursday, March 1. The firm earned “Hold” rating on Tuesday, April 3 by Piper Jaffray. Stifel Nicolaus maintained it with “Hold” rating and $28.0 target in Thursday, March 1 report. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. The firm has “Underweight” rating by JP Morgan given on Monday, March 5. As per Thursday, March 1, the company rating was downgraded by Robert W. Baird. On Thursday, March 1 the stock rating was downgraded by Evercore to “Sell”.

More notable recent Patterson Companies, Inc. (NASDAQ:PDCO) news were published by: Businesswire.com which released: “Patterson Announces Dental Leadership Transition” on May 03, 2018, also Streetinsider.com with their article: “Patterson Cos. (PDCO) Names Donald Zurbay CFO” published on May 23, 2018, Bizjournals.com published: “Former St. Jude Medical CFO joins Patterson Cos.” on May 23, 2018. More interesting news about Patterson Companies, Inc. (NASDAQ:PDCO) were released by: Gurufocus.com and their article: “FINAL DEADLINE ALERT: Brower Piven Reminds Shareholders Of Approaching Deadline In Class Action Lawsuit And …” published on May 22, 2018 as well as Businesswire.com‘s news article titled: “Patterson Companies Announces Leadership Team Additions” with publication date: May 23, 2018.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.01 billion. It operates through Dental and Animal Health divisions. It has a 8.4 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

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