Why should you buy stock in WD-40 Company (WDFC)?

WD-40 Company (NASDAQ: WDFC) is -0.99% lower on its value in year-to-date trading and has touched a low of $151.16 and a high of $211.68 in the current 52-week trading range. The WDFC stock was last observed hovering at around $194.88 in the last trading session, with the day’s loss setting it -2.66% off its average median price target of $201.00 for the next 12 months. It is also 9.33% off the consensus price target high of $212.00 offered by 2 analysts, but current levels are -1.17% lower than the price target low of $190.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Currently trading at $192.22, the stock is 0.37% and 5.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -1.36% at the moment leaves the stock 3.51% off its SMA200. WDFC registered 21.58% gain for a year compared to 6-month loss of -2.40%. The firm has a 50-day simple moving average (SMA 50) of $186.20 and a 200-day simple moving average (SMA200) of $185.77.

The stock witnessed a 0.72% gain in the last 1 month and extending the period to 3 months gives it a -2.56%, and is 0.56% up 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 2.15% over the week and 2.29% over the month.

WD-40 Company (WDFC) has around 495 employees, a market worth around $2.66B and $419.30M in sales. Current P/E ratio is 42.95 and Fwd P/E is 41.38. Profit margin for the company is 12.60%. Distance from 52-week low is 27.16% and -9.19% from its 52-week high. The company has generated returns on investments over the last 12 months (29.20%).

WD-40 Company (WDFC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for WD-40 Company (WDFC) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

WD-40 Company is expected to release its quarterly report on 07/09/2020 and quarterly earnings per share for the current quarter are estimated at $1.07 with sales reaching $108.1M over the same period.The EPS is expected to grow by 12.40% this year, but quarterly earnings will post -5.30% year-over-year.

WD-40 Company (WDFC) Top Institutional Holders

376 institutions hold shares in WD-40 Company (WDFC), with 253.55k shares held by insiders accounting for 1.86% while institutional investors hold 94.30% of the company’s shares. The shares outstanding are 13.71M, and float is at 13.42M with Short Float at 15.56%. Institutions hold 92.55% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 2.0 million shares valued at $402.46 million. The investor’s holdings represent 14.66% of the WDFC Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 1.51 million shares valued at $303.6 million to account for 11.06% of the shares outstanding. The other top investors are Neuberger Berman Group, LLC which holds 0.91 million shares representing 6.65% and valued at over $182.61 million, while APG Asset Management N.V. holds 5.36% of the shares totaling 0.73 million with a market value of $147.15 million.

WD-40 Company (WDFC) Insider Activity

A total of 1 insider transactions have happened at WD-40 Company (WDFC) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Brass Steven A, the company’s President & COO. SEC filings show that Brass Steven A sold 677 shares of the company’s common stock on Jan 22 at a price of $189.14 per share for a total of $0.13 million. Following the sale, the insider now owns 6165.0 shares.

WD-40 Company disclosed in a document filed with the SEC on Aug 15 that HOLDSWORTH GEOFFREY (Managing Director AsiaPacific) sold a total of 1,408 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $182.28 per share for $0.26 million. Following the transaction, the insider now directly holds 8228.0 shares of the WDFC stock.

WD-40 Company (WDFC): Who are the competitors?

The company’s main competitors (and peers) include Quaker Chemical Corporation (KWR) that is trading -13.19% down over the past 12 months. The Clorox Company (CLX) is 41.39% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.55% from the last report on May 14, 2020 to stand at a total of 2.07 million short shares sold with a short interest ratio of 17.35.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.