WD-40 (NASDAQ:WDFC) Reaches New 1-Year Low - Should You Sell?

Key Points

• WD-40 Company's stock hit a new **52-week low** at $208.00 during trading, indicating a downward trend in its share price.
• DA Davidson has lowered its target price on WD-40 shares from **$322.00 to $300.00**, maintaining a "buy" rating, while the average target price stands at **$290.00**.
• The company's recent quarterly earnings report showed an **earnings per share (EPS)** of $1.54, exceeding estimates, while revenue was slightly below expectations at **$156.92 million**.

WD-40 Company (NASDAQ:WDFC - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $208.00 and last traded at $208.46, with a volume of 106831 shares traded. The stock had previously closed at $211.03.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their target price on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $290.00.

WD-40 Trading Down 1.3%

The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $216.79 and a two-hundred day moving average of $229.32. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 33.13 and a beta of 0.13.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The business had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 EPS. On average, research analysts expect that WD-40 Company will post 5.42 EPS for the current year.

Institutional Trading of WD-40

A number of institutional investors and hedge funds have recently bought and sold shares of WDFC. Stratos Wealth Partners LTD. grew its holdings in shares of WD-40 by 4.8% during the first quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock worth $256,000 after buying an additional 48 shares in the last quarter. KBC Group NV grew its holdings in shares of WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after buying an additional 49 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of WD-40 by 5.9% during the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock worth $218,000 after buying an additional 50 shares in the last quarter. Xponance Inc. grew its holdings in shares of WD-40 by 5.4% during the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock worth $253,000 after buying an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of WD-40 by 3.9% during the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock worth $362,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.