Analysts Set The Clorox Company (NYSE:CLX) PT at $101.40

The Clorox Company (NYSE:CLX) has earned a consensus rating of “Reduce” from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and thirteen have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $101.40.

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Evercore set a $99.00 price target on shares of Clorox in a report on Tuesday, August 4th. Wall Street Zen raised shares of Clorox from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup cut their price target on shares of Clorox from $100.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Finally, UBS Group restated a “neutral” rating on shares of Clorox in a research report on Friday, September 11th.

Hedge Funds Weigh In On Clorox

A number of institutional investors have recently bought and sold shares of CLX. BlackRock Inc. bought a new position in shares of Clorox in the 2nd quarter worth approximately $958,640,000. Geode Capital Management LLC grew its stake in Clorox by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock worth $318,613,000 after purchasing an additional 10,060 shares during the period. Van ECK Associates Corp grew its stake in Clorox by 15.7% in the fourth quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock worth $316,244,000 after purchasing an additional 426,433 shares during the period. Bank of America Corp DE bought a new position in Clorox in the second quarter worth $179,780,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Clorox by 9.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,619,396 shares of the company’s stock worth $163,284,000 after purchasing an additional 142,463 shares in the last quarter. 78.53% of the stock is owned by institutional investors.

Clorox Trading Up 2.5%

NYSE CLX opened at $85.14 on Friday. Clorox has a 1-year low of $82.51 and a 1-year high of $128.90. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The stock has a 50-day moving average of $98.08 and a 200-day moving average of $98.68. The firm has a market cap of $10.30 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.60 and a beta of 0.56.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company earned $2.87 EPS. Clorox’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts forecast that Clorox will post 5.8 EPS for the current year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is a boost from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 annualized dividend and a dividend yield of 5.9%. Clorox’s payout ratio is 103.73%.

About Clorox

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.