The Clorox Company (NYSE:CLX) Stock Has Average Price Target of $97.14

The Clorox Company (NYSE:CLX) has been assigned an average recommendation of “Reduce” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $94.64.

Several analysts have weighed in on CLX shares. Wells Fargo & Company cut their price objective on Clorox from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. JPMorgan Chase & Co. increased their target price on Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Barclays cut their price objective on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pension & Wealth Management Advisors Inc. purchased a new position in Clorox during the third quarter valued at $26,000. Ancora Advisors LLC purchased a new stake in shares of Clorox in the second quarter worth approximately $28,000. Avalon Trust Co purchased a new stake in shares of Clorox during the second quarter valued at $29,000. Markowski Investments purchased a new position in shares of Clorox during the second quarter worth approximately $30,000. Finally, Root Financial Partners LLC lifted its holdings in shares of Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after buying an additional 145 shares during the period. Institutional investors own 78.53% of the company’s stock.

Clorox Price Performance

Clorox stock opened at $86.91 on Wednesday. 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 business’s 50 day simple moving average is $92.27 and its 200 day simple moving average is $95.29. Clorox has a 12 month low of $79.12 and a 12 month high of $128.90. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.73 and a beta of 0.59.

Clorox (NYSE:CLX) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts forecast that Clorox will post 5.74 EPS for the current year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s payout ratio is currently 103.73%.

About Clorox

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.