Clorox Company (The) (CLX) Lifted to “Outperform” at Consumer Edge

Clorox Company (The) (NYSE:CLX) was upgraded by equities research analysts at Consumer Edge from a “neutral” rating to an “outperform” rating in a report issued on Friday, November 10th, Marketbeat Ratings reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and set a $150.00 price target on shares of Clorox Company (The) in a report on Thursday, October 5th. Barclays PLC reissued an “equal weight” rating and set a $136.00 target price (down previously from $140.00) on shares of Clorox Company (The) in a research note on Friday, August 4th. Morgan Stanley decreased their price target on shares of Clorox Company (The) from $138.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a research note on Sunday, October 8th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $132.00 target price (down from $137.00) on shares of Clorox Company (The) in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $128.72.

Shares of Clorox Company (NYSE:CLX) opened at $134.95 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 3.02. The stock has a market cap of $17,426.05, a P/E ratio of 24.35, a P/E/G ratio of 3.69 and a beta of 0.39. Clorox Company has a 52-week low of $112.28 and a 52-week high of $141.76.

Clorox Company (The) (NYSE:CLX) last issued its earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Clorox Company (The) had a net margin of 11.84% and a return on equity of 161.59%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. analysts forecast that Clorox Company will post 5.58 earnings per share for the current fiscal year.

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In other news, COO Dawn C. Willoughby sold 2,158 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $138.00, for a total value of $297,804.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew T. Laszlo sold 20,051 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $130.46, for a total transaction of $2,615,853.46. Following the completion of the transaction, the senior vice president now owns 10,896 shares of the company’s stock, valued at $1,421,492.16. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently modified their holdings of CLX. Vanguard Group Inc. increased its stake in Clorox Company (The) by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,534,634 shares of the company’s stock valued at $1,936,595,000 after purchasing an additional 369,918 shares in the last quarter. BlackRock Inc. increased its stake in Clorox Company (The) by 1,402.2% during the 1st quarter. BlackRock Inc. now owns 10,390,206 shares of the company’s stock valued at $1,400,912,000 after purchasing an additional 9,698,542 shares in the last quarter. State Street Corp increased its stake in Clorox Company (The) by 2.2% during the 1st quarter. State Street Corp now owns 7,648,999 shares of the company’s stock valued at $1,031,304,000 after purchasing an additional 167,689 shares in the last quarter. Parnassus Investments CA increased its stake in Clorox Company (The) by 1.7% during the 3rd quarter. Parnassus Investments CA now owns 4,451,150 shares of the company’s stock valued at $587,151,000 after purchasing an additional 76,236 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Clorox Company (The) by 5.3% during the 2nd quarter. Wells Fargo & Company MN now owns 4,412,600 shares of the company’s stock valued at $587,934,000 after purchasing an additional 221,168 shares in the last quarter. Institutional investors own 72.74% of the company’s stock.

Clorox Company (The) Company Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

Analyst Recommendations for Clorox Company (The) (NYSE:CLX)

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