Clorox Co (NYSE:CLX)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $171.50, but opened at $162.60. Clorox shares last traded at $156.14, with a volume of 2,801,229 shares trading hands.
Several research firms have recently weighed in on CLX. Zacks Investment Research raised shares of Clorox from a “sell” rating to a “hold” rating and set a $175.00 price target for the company in a research note on Monday, July 29th. BMO Capital Markets set a $168.00 price target on shares of Clorox and gave the company a “buy” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research note on Thursday. UBS Group lifted their price objective on shares of Clorox from $110.00 to $128.00 and gave the company a “sell” rating in a report on Friday. Finally, Deutsche Bank raised shares of Clorox from a “sell” rating to a “hold” rating and set a $139.00 price objective on the stock in a report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $154.07.
The firm has a market capitalization of $20.71 billion, a P/E ratio of 24.83, a PEG ratio of 4.76 and a beta of 0.36. The stock’s fifty day moving average is $157.77. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 2.93.
Clorox (NYSE:CLX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.69 billion. Clorox had a net margin of 12.68% and a return on equity of 108.82%. Clorox’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. As a group, analysts predict that Clorox Co will post 6.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Wednesday, July 31st will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 2.70%. This is a positive change from Clorox’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, July 30th. Clorox’s dividend payout ratio (DPR) is presently 67.09%.
In other Clorox news, SVP Denise Garner sold 20,399 shares of Clorox stock in a transaction on Friday, June 7th. The shares were sold at an average price of $157.61, for a total value of $3,215,086.39. Following the transaction, the senior vice president now directly owns 4,896 shares of the company’s stock, valued at $771,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. purchased a new position in Clorox in the first quarter worth $28,000. Northstar Capital Management LLC purchased a new position in Clorox in the first quarter worth $29,000. Paragon Capital Management LLC purchased a new position in Clorox in the first quarter worth $35,000. Penserra Capital Management LLC purchased a new position in Clorox in the first quarter worth $36,000. Finally, Trustcore Financial Services LLC purchased a new position in Clorox in the first quarter worth $38,000. 76.92% of the stock is currently owned by institutional investors and hedge funds.
Clorox Company Profile (NYSE:CLX)
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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