Brokerages Set The Clorox Company (NYSE:CLX) Target Price at $155.38

Shares of The Clorox Company (NYSE:CLX) have been assigned an average rating of “Reduce” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $155.38.

Several equities analysts have recently issued reports on CLX shares. JPMorgan Chase & Co. upped their price target on Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Jefferies Financial Group raised shares of Clorox from a “hold” rating to a “buy” rating and raised their target price for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. Evercore ISI dropped their price target on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research note on Monday, October 14th. StockNews.com raised shares of Clorox from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Finally, DA Davidson upped their target price on shares of Clorox from $153.00 to $171.00 and gave the company a “neutral” rating in a research report on Monday, November 4th.

Clorox Trading Up 0.7 %

CLX opened at $162.89 on Thursday. Clorox has a 1-year low of $127.60 and a 1-year high of $171.37. The firm has a 50-day moving average price of $164.58 and a two-hundred day moving average price of $154.79. The stock has a market capitalization of $20.16 billion, a PE ratio of 56.76, a PEG ratio of 3.04 and a beta of 0.42. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. Clorox’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. As a group, equities analysts anticipate that Clorox will post 6.85 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be paid a $1.22 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a yield of 3.00%. Clorox’s payout ratio is 170.03%.

Hedge Funds Weigh In On Clorox

Several institutional investors have recently modified their holdings of the business. Prospera Private Wealth LLC acquired a new stake in Clorox during the 3rd quarter worth approximately $27,000. Trifecta Capital Advisors LLC increased its position in shares of Clorox by 139.8% during the second quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after acquiring an additional 138 shares during the period. Quarry LP lifted its position in Clorox by 99.1% in the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in Clorox in the 3rd quarter worth $48,000. Institutional investors own 78.53% of the company’s stock.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.