Clorox Company (The) (CLX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Clorox Company (The) (NYSE:CLX) have been assigned an average rating of “Hold” from the fourteen analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $126.88.
Several brokerages have weighed in on CLX. Jefferies Group LLC reiterated a “hold” rating and issued a $137.00 target price (up from $136.00) on shares of Clorox Company (The) in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Clorox Company (The) in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Clorox Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. BMO Capital Markets set a $150.00 price objective on Clorox Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.
In related news, EVP James E. Foster sold 9,861 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the transaction, the executive vice president now directly owns 22,069 shares of the company’s stock, valued at approximately $3,056,777.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew T. Laszlo sold 20,051 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total value of $2,615,853.46. Following the transaction, the senior vice president now directly owns 10,896 shares in the company, valued at $1,421,492.16. The disclosure for this sale can be found here. Insiders have sold a total of 41,293 shares of company stock worth $5,560,303 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
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Shares of Clorox Company (NYSE:CLX) traded down $1.03 during mid-day trading on Monday, hitting $133.51. The company’s stock had a trading volume of 633,100 shares, compared to its average volume of 815,117. Clorox Company has a twelve month low of $112.28 and a twelve month high of $141.76. The stock has a market cap of $17,380.00, a PE ratio of 24.06, a price-to-earnings-growth ratio of 3.64 and a beta of 0.39. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 3.02.
Clorox Company (The) (NYSE:CLX) last issued its earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.05. Clorox Company (The) had a return on equity of 161.59% and a net margin of 11.84%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $1.36 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts forecast that Clorox Company will post 5.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, January 23rd. Clorox Company (The)’s dividend payout ratio is currently 61.65%.
About Clorox Company (The)
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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