Barclays set a $131.00 price objective on The Clorox (NYSE:CLX) in a research report released on Friday. The brokerage currently has a hold rating on the stock.
A number of other equities analysts have also weighed in on the company. Bank of America upgraded The Clorox from an underperform rating to a neutral rating and set a $155.00 target price on the stock in a research note on Thursday, January 4th. Wells Fargo restated a hold rating and issued a $130.00 target price on shares of The Clorox in a research note on Wednesday, December 13th. Deutsche Bank started coverage on The Clorox in a research note on Wednesday, December 13th. They issued a hold rating and a $142.00 target price on the stock. Zacks Investment Research lowered The Clorox from a buy rating to a hold rating in a research note on Monday, January 22nd. Finally, Jefferies Group restated a hold rating and issued a $130.00 target price on shares of The Clorox in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The Clorox currently has a consensus rating of Hold and an average target price of $131.89.
CLX traded down $1.74 during trading on Friday, reaching $128.51. 950,370 shares of the company were exchanged, compared to its average volume of 1,007,540. The stock has a market capitalization of $16,854.87, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.70 and a beta of 0.35. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.86 and a current ratio of 1.22. The Clorox has a 12-month low of $123.64 and a 12-month high of $150.40.
The Clorox (NYSE:CLX) last announced its earnings results on Friday, February 2nd. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. The Clorox had a return on equity of 126.70% and a net margin of 13.21%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. research analysts forecast that The Clorox will post 5.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Wednesday, April 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, April 24th. This is a positive change from The Clorox’s previous quarterly dividend of $0.84. This represents a $3.84 annualized dividend and a dividend yield of 2.99%. The Clorox’s dividend payout ratio is 62.80%.
Several institutional investors have recently made changes to their positions in CLX. Nordea Investment Management AB increased its position in shares of The Clorox by 32.7% during the 3rd quarter. Nordea Investment Management AB now owns 8,772 shares of the company’s stock valued at $1,157,000 after purchasing an additional 2,163 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of The Clorox during the 3rd quarter valued at about $361,000. OxFORD Asset Management LLP bought a new position in shares of The Clorox during the 3rd quarter valued at about $2,092,000. Allianz Asset Management GmbH increased its position in shares of The Clorox by 417.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 63,868 shares of the company’s stock valued at $8,425,000 after purchasing an additional 51,534 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its position in shares of The Clorox by 8.9% during the 3rd quarter. AMP Capital Investors Ltd now owns 39,013 shares of the company’s stock valued at $5,146,000 after purchasing an additional 3,180 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.
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About The Clorox
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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