The Clorox Company (NYSE:CLX – Get Free Report) has been given a consensus recommendation of “Reduce” by the sixteen brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $94.64.
Several equities research analysts have recently issued reports on CLX shares. Citigroup lowered their price objective on shares of Clorox from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 6th. UBS Group set a $91.00 price target on shares of Clorox in a report on Thursday. Morgan Stanley reduced their price target on shares of Clorox from $97.00 to $87.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Barclays decreased their price target on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday.
Institutional Investors Weigh In On Clorox
Several hedge funds have recently made changes to their positions in CLX. Brown Lisle Cummings Inc. lifted its position in Clorox by 50.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 5,204 shares of the company’s stock worth $462,000 after buying an additional 1,741 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in Clorox in the 3rd quarter valued at about $251,000. IFP Advisors Inc increased its position in Clorox by 76.2% in the 3rd quarter. IFP Advisors Inc now owns 14,562 shares of the company’s stock valued at $1,298,000 after acquiring an additional 6,298 shares in the last quarter. Kintegral Advisory LLC increased its position in Clorox by 38.5% in the 3rd quarter. Kintegral Advisory LLC now owns 19,334 shares of the company’s stock valued at $1,690,000 after acquiring an additional 5,378 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Clorox by 31.7% in the third quarter. Vontobel Holding Ltd. now owns 32,321 shares of the company’s stock worth $2,803,000 after acquiring an additional 7,775 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.
Clorox Stock Performance
CLX opened at $86.91 on Wednesday. The firm has a market capitalization of $10.51 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 2.75 and a beta of 0.59. The stock’s 50 day moving average price is $92.27 and its two-hundred day moving average price is $95.24. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. Clorox has a 12-month low of $79.12 and a 12-month high of $128.90.
Clorox (NYSE:CLX – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business posted $2.87 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts forecast that Clorox will post 5.74 earnings per share for the current year.
Clorox Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.8%. Clorox’s dividend payout ratio is currently 103.73%.
About Clorox
The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.
Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.
Read More
- Five stocks we like better than Clorox
- These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington
- Meta Claims Frontier-Class AI Status With New Muse Wonder Models
- Berkshire Just Backed This Little-Known Stock—Should You Chase It?
- Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom
Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.
