Brokerages Set The Clorox Company (NYSE:CLX) Price Target at $102.40

The Clorox Company (NYSE:CLX) has been given a consensus recommendation of “Reduce” by the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $102.40.

Several brokerages have weighed in on CLX. Citigroup raised their price objective on shares of Clorox from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research note on Tuesday, August 4th. Evercore set a $99.00 target price on Clorox in a research report on Tuesday, August 4th. Finally, UBS Group boosted their price target on Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th.

Clorox Stock Performance

Shares of CLX opened at $103.64 on Tuesday. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.26 and a beta of 0.54. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80. The business’s 50 day moving average is $99.69 and its two-hundred day moving average is $102.72. Clorox has a 52-week low of $84.70 and a 52-week high of $128.90.

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

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Wednesday, August 12th. Clorox’s dividend payout ratio is currently 103.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CLX. Caitlin John LLC raised its stake in Clorox by 1,807.1% during the fourth quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after acquiring an additional 253 shares during the period. Ancora Advisors LLC acquired a new position in Clorox in the second quarter valued at approximately $28,000. Avalon Trust Co bought a new position in shares of Clorox during the second quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in shares of Clorox during the second quarter valued at approximately $29,000. Finally, Markowski Investments acquired a new stake in shares of Clorox during the 2nd quarter worth approximately $30,000. 78.53% of the stock is owned by institutional investors and hedge funds.

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.