The Clorox Company (NYSE:CLX) Stock Rated “Reduce” by Wall Street Brokerages

The Clorox Company (NYSE:CLX) has received a consensus recommendation of “Reduce” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $93.79.

CLX has been the subject of several recent research reports. TD Cowen restated a “hold” rating on shares of Clorox in a report on Tuesday, November 3rd. Barclays decreased their price objective on shares of Clorox from $84.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, October 16th. UBS Group set a $88.00 price objective on Clorox in a research note on Tuesday, November 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Clorox in a report on Tuesday, November 3rd. Finally, Wells Fargo & Company upped their price target on shares of Clorox from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd.

Insider Transactions at Clorox

In other Clorox news, Director Pierre Breber bought 4,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were purchased at an average price of $100.06 per share, for a total transaction of $400,240.00. Following the transaction, the director directly owned 22,000 shares in the company, valued at approximately $2,201,320. This trade represents a 22.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Clorox during the 2nd quarter worth approximately $958,640,000. Beutel Goodman & Co Ltd. bought a new position in Clorox in the third quarter valued at approximately $163,038,000. Bank of America Corp DE bought a new position in Clorox in the second quarter valued at approximately $179,780,000. Bank of New York Mellon Corp bought a new position in Clorox in the second quarter valued at approximately $123,154,000. Finally, Equity Investment Corp acquired a new position in Clorox during the second quarter valued at approximately $111,800,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Trading Up 1.1%

NYSE:CLX traded up $1.15 on Friday, reaching $109.35. The company’s stock had a trading volume of 3,225,754 shares, compared to its average volume of 3,584,602. The company has a debt-to-equity ratio of 32.91, a quick ratio of 0.39 and a current ratio of 0.65. The firm has a market cap of $13.25 billion, a PE ratio of 19.67, a PEG ratio of 3.42 and a beta of 0.59. The business’s 50-day moving average price is $88.75 and its two-hundred day moving average price is $99.54. Clorox has a 1-year low of $79.12 and a 1-year high of $128.90.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, November 2nd. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.48. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Clorox had a net margin of 9.41% and a return on equity of 608.30%. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Equities research analysts anticipate that Clorox will post 5.74 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, October 28th. Clorox’s payout ratio is presently 89.93%.

Clorox Company Profile

The Clorox Company is a consumer products company founded in 1913 and headquartered in Oakland, California. It makes and markets products for household cleaning, food, water filtration, personal care and pet care. Its portfolio includes Clorox disinfecting and cleaning products, Glad trash bags and food-storage products, Kingsford charcoal, Brita water filters, Hidden Valley dressings and sauces, Burt’s Bees personal-care products, and Fresh Step cat litter. The company also sells products under brands such as Pine-Sol and Liquid-Plumr.