DA Davidson Issues Pessimistic Forecast for WD-40 (NASDAQ:WDFC) Stock Price

WD-40 (NASDAQ:WDFC) had its price target cut by equities research analysts at DA Davidson from $300.00 to $270.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. DA Davidson’s price target would suggest a potential upside of 26.16% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. William Blair began coverage on WD-40 in a research note on Monday, April 6th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $270.00.

WD-40 Price Performance

Shares of WD-40 stock opened at $214.01 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $228.33 and its two-hundred day moving average price is $209.51. WD-40 has a 52 week low of $175.38 and a 52 week high of $253.24. The stock has a market cap of $2.89 billion, a PE ratio of 36.40 and a beta of 0.25.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, April 9th. The specialty chemicals company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.40%. The firm had revenue of $161.67 million for the quarter, compared to analysts’ expectations of $154.90 million. During the same period in the previous year, the business earned $1.32 earnings per share. WD-40’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that WD-40 will post 5.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Pendarvis purchased 424 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average price of $247.15 per share, with a total value of $104,791.60. Following the purchase, the director owned 6,898 shares of the company’s stock, valued at $1,704,840.70. This trade represents a 6.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.78% of the company’s stock.

Hedge Funds Weigh In On WD-40

A number of institutional investors have recently bought and sold shares of WDFC. Vest Financial LLC grew its stake in WD-40 by 164.9% during the 3rd quarter. Vest Financial LLC now owns 11,876 shares of the specialty chemicals company’s stock valued at $2,347,000 after acquiring an additional 7,393 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in WD-40 by 138.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 40,674 shares of the specialty chemicals company’s stock valued at $8,037,000 after acquiring an additional 23,626 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in WD-40 by 111.3% during the 3rd quarter. Jefferies Financial Group Inc. now owns 21,017 shares of the specialty chemicals company’s stock valued at $4,153,000 after acquiring an additional 11,070 shares in the last quarter. JPMorgan Chase & Co. grew its stake in WD-40 by 73.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,100 shares of the specialty chemicals company’s stock valued at $8,121,000 after acquiring an additional 17,409 shares in the last quarter. Finally, TrueMark Investments LLC grew its stake in WD-40 by 151.6% during the 3rd quarter. TrueMark Investments LLC now owns 13,879 shares of the specialty chemicals company’s stock valued at $2,742,000 after acquiring an additional 8,363 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Key Headlines Impacting WD-40

Here are the key news stories impacting WD-40 this week:

• Positive Sentiment: Strong cash generation, dividend track record and accelerating buybacks support the long‑term case; MarketBeat highlights institutional accumulation and management’s plan to exhaust the current repurchase authorization in 2026, which can underpin shareholder returns. Read More.
• Positive Sentiment: DA Davidson trimmed its price target from $300 to $270 but kept a Buy rating — that reduces upside expectations but preserves sell‑side endorsement that can stabilize demand. Read More.
• Neutral Sentiment: Q2 results: revenue of $161.7M (+10.7% YoY) beat estimates and gross profit improved; operating cash flow rose strongly—signals of business resiliency even as profit dynamics shift. Read More.
• Negative Sentiment: FY2026 guidance was provided at EPS $5.75–6.15 (consensus ~6.06) and revenue $630–655M (consensus ~650.4M); the midpoint is modestly below forecasts, which is the primary near‑term negative driver for the stock. Read More.
• Negative Sentiment: Profitability pressure: net income and diluted EPS declined sharply YoY (EPS down ~31% YoY) despite the beats—investors are focused on rising costs and margin dynamics flagged on the earnings call. Read More.
• Negative Sentiment: Analyst caution and downgrade risk: commentary such as Seeking Alpha’s note about downgrade risk is amplifying bearish sentiment and may accelerate selling if guidance or margins are re‑seen as deteriorating. Read More.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.