CDW (NASDAQ:CDW) Hits New 52-Week Low – Should You Sell?

Shares of CDW Co. (NASDAQ:CDW) reached a new 52-week low on Wednesday . The company traded as low as $186.54 and last traded at $187.35, with a volume of 1124991 shares trading hands. The stock had previously closed at $191.91.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus lifted their target price on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Barclays cut their price objective on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. downgraded CDW from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Finally, Citigroup cut CDW from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $250.00 to $245.00 in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $246.71.

CDW Trading Down 3.1 %

The firm has a market capitalization of $24.79 billion, a PE ratio of 22.98, a PEG ratio of 5.35 and a beta of 1.05. The company’s 50-day moving average price is $215.43 and its 200-day moving average price is $221.05. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.60 earnings per share. On average, sell-side analysts expect that CDW Co. will post 9.05 earnings per share for the current year.

CDW Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $0.625 dividend. This is a positive change from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, November 25th. CDW’s dividend payout ratio is currently 30.32%.

Institutional Trading of CDW

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC bought a new stake in shares of CDW during the 2nd quarter worth $34,000. Quest Partners LLC acquired a new stake in shares of CDW in the 2nd quarter valued at approximately $35,000. Canoe Financial LP acquired a new stake in shares of CDW in the 3rd quarter valued at approximately $37,000. Fortitude Family Office LLC raised its position in shares of CDW by 350.0% in the 3rd quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 133 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of CDW in the 2nd quarter valued at approximately $40,000. 93.15% of the stock is currently owned by institutional investors.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.