BMO Capital Markets set a $147.00 price objective on Clorox (NYSE:CLX) in a report released on Monday, February 5th, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a hold rating and issued a $115.00 target price on shares of Clorox in a report on Sunday, October 8th. Jefferies Group reiterated a hold rating and issued a $132.00 target price on shares of Clorox in a report on Wednesday, November 1st. Morgan Stanley dropped their price objective on Clorox from $138.00 to $128.00 and set an equal weight rating on the stock in a report on Thursday, November 2nd. Zacks Investment Research upgraded Clorox from a sell rating to a hold rating in a report on Monday, November 6th. Finally, Consumer Edge upgraded Clorox from a neutral rating to an outperform rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $132.46.
Shares of Clorox (NYSE:CLX) opened at $127.95 on Monday. Clorox has a 1-year low of $124.09 and a 1-year high of $150.40. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.22 and a quick ratio of 0.86. The firm has a market cap of $16,667.24, a PE ratio of 23.29, a P/E/G ratio of 2.41 and a beta of 0.31.
Clorox (NYSE:CLX) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.01. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.14 EPS. Clorox’s revenue was up .7% on a year-over-year basis. analysts forecast that Clorox will post 6.23 EPS for the current fiscal year.
In related news, SVP Michael R. Costello sold 10,574 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total value of $1,438,169.74. Following the completion of the transaction, the senior vice president now directly owns 34,867 shares of the company’s stock, valued at $4,742,260.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of Clorox by 2,402.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 25,023 shares of the company’s stock valued at $3,722,000 after buying an additional 24,023 shares in the last quarter. Quadrature Capital Ltd bought a new position in Clorox in the fourth quarter valued at about $2,869,000. Sheaff Brock Investment Advisors LLC bought a new position in Clorox in the fourth quarter valued at about $246,000. Standard Life Aberdeen plc boosted its holdings in Clorox by 1.9% in the fourth quarter. Standard Life Aberdeen plc now owns 36,918 shares of the company’s stock valued at $5,492,000 after acquiring an additional 675 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in Clorox by 113.5% in the fourth quarter. State of Tennessee Treasury Department now owns 74,836 shares of the company’s stock valued at $11,131,000 after acquiring an additional 39,790 shares during the last quarter. Institutional investors own 73.42% of the company’s stock.
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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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