The Clorox Company (NYSE:CLX) Receives $103.73 Average PT from Analysts

The Clorox Company (NYSE:CLX) has received an average recommendation of “Reduce” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $103.40.

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Clorox from $110.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Barclays reduced their target price on Clorox from $102.00 to $85.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Wells Fargo & Company reduced their target price on Clorox from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their price target on Clorox from $99.00 to $95.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st. Finally, Weiss Ratings raised Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 13th.

Clorox Stock Up 1.0%

CLX stock opened at $95.18 on Friday. Clorox has a fifty-two week low of $84.70 and a fifty-two week high of $132.03. The business’s 50 day moving average price is $100.33 and its two-hundred day moving average price is $106.37. The company has a debt-to-equity ratio of 27.03, a quick ratio of 0.65 and a current ratio of 0.84. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59.

Clorox (NYSE:CLX) last posted its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Clorox had a return on equity of 443.64% and a net margin of 11.18%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. As a group, analysts forecast that Clorox will post 5.61 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. Clorox’s payout ratio is currently 80.52%.

Insider Activity at Clorox

In related news, Director Pierre R. Breber purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of $85.82 per share, with a total value of $429,100.00. Following the transaction, the director directly owned 18,000 shares in the company, valued at $1,544,760. This trade represents a 38.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Clorox

A number of hedge funds have recently made changes to their positions in the stock. Essential Partners LLC boosted its position in shares of Clorox by 558.2% in the 1st quarter. Essential Partners LLC now owns 441 shares of the company’s stock worth $46,000 after purchasing an additional 374 shares in the last quarter. Groupe la Francaise lifted its position in Clorox by 13.6% in the 1st quarter. Groupe la Francaise now owns 54,468 shares of the company’s stock valued at $5,645,000 after acquiring an additional 6,514 shares in the last quarter. Western Wealth Management LLC bought a new position in Clorox in the 1st quarter valued at approximately $35,000. Bank of America Corp DE lifted its position in Clorox by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock valued at $145,680,000 after acquiring an additional 80,618 shares in the last quarter. Finally, Kentucky Retirement Systems lifted its position in Clorox by 37.7% in the 1st quarter. Kentucky Retirement Systems now owns 10,654 shares of the company’s stock valued at $1,104,000 after acquiring an additional 2,917 shares in the last quarter. 78.53% of the stock is owned by institutional investors.

Clorox Company Profile

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.