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

Shares of The Clorox Company (NYSE:CLX) have received an average rating of “Reduce” from the seventeen research firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $102.40.

CLX has been the subject of several research analyst reports. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. UBS Group increased their price target on Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a research report on Tuesday, August 4th. Evercore set a $99.00 target price on shares of Clorox in a research note on Tuesday, August 4th. Finally, Wall Street Zen lowered Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th.

Clorox Price Performance

CLX opened at $98.26 on Tuesday. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.21 and a beta of 0.54. Clorox has a 1 year low of $84.70 and a 1 year high of $128.90. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The stock’s 50 day simple moving average is $99.98 and its 200 day simple moving average is $102.44.

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

Clorox Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 5.1%. This is a boost from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Institutional Inflows and Outflows

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

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.