The Clorox Company (NYSE:CLX) Stock Has Consensus Target Price of $101.40 According to Brokerages

Shares of The Clorox Company (NYSE:CLX) have been assigned an average rating of “Reduce” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $101.40.

Several analysts have weighed in on CLX shares. Citigroup decreased their price objective on shares of Clorox from $100.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. UBS Group reissued a “neutral” rating on shares of Clorox in a report on Friday, September 11th. Jefferies Financial Group lowered Clorox from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $98.00 in a research report on Tuesday, July 28th. Finally, Zacks Research raised Clorox from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th.

Clorox Stock Up 2.3%

Shares of NYSE CLX opened at $83.71 on Friday. Clorox has a 52-week low of $81.60 and a 52-week high of $128.90. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The business has a fifty day moving average of $97.08 and a two-hundred day moving average of $97.92. The stock has a market cap of $10.12 billion, a PE ratio of 17.37, a PEG ratio of 2.56 and a beta of 0.56.

Clorox (NYSE:CLX) last posted its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts expect that Clorox will post 5.8 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 28th. Clorox’s dividend payout ratio is presently 103.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of Clorox by 106.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,375 shares of the company’s stock worth $418,000 after purchasing an additional 2,260 shares in the last quarter. Andra AP fonden acquired a new stake in shares of Clorox in the second quarter valued at approximately $200,000. MAC Alpha Capital Management LP increased its holdings in shares of Clorox by 88.7% in the second quarter. MAC Alpha Capital Management LP now owns 263,789 shares of the company’s stock valued at $25,178,000 after purchasing an additional 124,019 shares in the last quarter. Security National Bank of SO Dak bought a new position in Clorox in the 2nd quarter worth approximately $57,000. Finally, Anchor Investment Management LLC raised its position in Clorox by 13.0% in the 2nd quarter. Anchor Investment Management LLC now owns 14,719 shares of the company’s stock worth $1,405,000 after purchasing an additional 1,699 shares during the last quarter. 78.53% of the stock is owned by institutional investors.

Clorox Company Profile

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.