WD-40 (NASDAQ:WDFC) Sets New 52-Week Low - Time to Sell?

Key Points

• WD-40 Company (NASDAQ: WDFC) recently reached a new 52-week low of $191.00 amid trading, with a last trading price of $191.41.
• The stock has a consensus rating of "Hold" with an average target price of $290.00, and some analysts have maintained a "buy" rating.
• Recent quarterly earnings reported a 1.54 EPS, surpassing estimates, although revenue fell short of expectations at $156.92 million.

WD-40 Company (NASDAQ:WDFC - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $191.00 and last traded at $191.41, with a volume of 12927 shares changing hands. The stock had previously closed at $194.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of WD-40 in a report on Saturday, September 27th. DA Davidson decreased their price target on WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $290.00.

WD-40 Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. The firm has a market capitalization of $2.60 billion, a P/E ratio of 30.22 and a beta of 0.09. The company's 50 day moving average price is $212.94 and its 200 day moving average price is $226.14.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The business had revenue of $156.92 million for the quarter, compared to analysts' expectations of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 earnings per share. As a group, sell-side analysts anticipate that WD-40 Company will post 5.42 EPS for the current fiscal year.

Hedge Funds Weigh In On WD-40

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in WD-40 in the 2nd quarter valued at $30,000. Golden State Wealth Management LLC boosted its position in shares of WD-40 by 210.6% during the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 99 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of WD-40 by 207.8% during the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 106 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of WD-40 by 82.6% during the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 71 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in WD-40 by 420.0% in the 1st quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 126 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Company Profile

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.

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