The Clorox Company (NYSE:CLX) Receives $118.73 Consensus Price Target from Brokerages

The Clorox Company (NYSE:CLX) has received an average rating of “Reduce” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $118.00.

A number of research firms have recently weighed in on CLX. TD Cowen raised their target price on Clorox from $108.00 to $111.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Rothschild & Co Redburn set a $117.00 price target on Clorox in a research report on Friday, February 13th. Evercore dropped their price objective on Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Clorox from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings lowered shares of Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday.

Clorox Trading Up 0.3%

NYSE:CLX opened at $102.32 on Friday. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. Clorox has a one year low of $96.66 and a one year high of $150.84. The company has a market cap of $12.37 billion, a PE ratio of 16.72, a PEG ratio of 0.50 and a beta of 0.59. The firm has a 50-day moving average of $115.49 and a 200-day moving average of $111.99.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. Clorox’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. As a group, equities research analysts expect that Clorox will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio is presently 81.05%.

Hedge Funds Weigh In On Clorox

Several hedge funds have recently modified their holdings of CLX. Center for Financial Planning Inc. bought a new position in shares of Clorox in the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in Clorox during the third quarter worth $25,000. Total Investment Management Inc. purchased a new position in Clorox in the second quarter worth $25,000. True Wealth Design LLC boosted its position in Clorox by 1,020.0% in the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Clorox in the 3rd quarter valued at $29,000. Institutional investors own 78.53% of the company’s stock.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.