The Clorox COO Benno O. Dorer Sells 2,505 Shares (CLX)
The Clorox (NYSE:CLX) COO Benno O. Dorer unloaded 2,505 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $89.12, for a total transaction of $223,245.60. Following the sale, the chief operating officer now directly owns 13,291 shares in the company, valued at approximately $1,184,494. The transaction was disclosed in a filing with the SEC, which is available at this link.
The Clorox (NYSE:CLX) traded down 0.13% on Tuesday, hitting $88.94. The stock had a trading volume of 528,832 shares. The Clorox has a 1-year low of $80.20 and a 1-year high of $96.76. The stock’s 50-day moving average is $89.77 and its 200-day moving average is $89.03. The company has a market cap of $11.474 billion and a P/E ratio of 21.05.
The Clorox (NYSE:CLX) last announced its earnings results on Friday, August 1st. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.05. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that The Clorox will post $4.42 earnings per share for the current fiscal year.
A number of research firms have recently commented on CLX. Analysts at Zacks reiterated a “neutral” rating on shares of The Clorox in a research note on Thursday, August 14th. They now have a $93.00 price target on the stock. Separately, analysts at B. Riley cut their price target on shares of The Clorox from $79.00 to $77.00 in a research note on Monday, August 4th. They now have a “neutral” rating on the stock. Finally, analysts at BTIG Research downgraded shares of The Clorox from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $92.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The Clorox presently has a consensus rating of “Hold” and an average price target of $80.90.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
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