The Clorox Company (NYSE:CLX) shares traded -1.57% lower at $151.48 on Wall Street last session.
In accordance with the data, 20 analysts cover The Clorox Company (NYSE:CLX). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $117.00, we find $153.00. Given the previous closing price of $153.89, this indicates a potential downside of -0.58 percent. CLX stock price is now -3.79% away from the 50-day moving average and -0.40% away from the 200-day moving average. The market capitalization of the company currently stands at $18.36B.
It has been rated a hold by 7 analysts and a buy by 1. Brokers who have rated the stock have averaged $154.18 as their price target over the next twelve months.
With the price target of $155, Citigroup recently initiated with Neutral rating for The Clorox Company (NYSE: CLX).
Insiders disposed of 13,961 shares of company stock worth roughly $2.11 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CLX stock. A new stake in The Clorox Company shares was purchased by PALESTRA CAPITAL MANAGEMENT LLC during the first quarter worth $90,001,000. PARSIFAL CAPITAL MANAGEMENT, LP invested $81,118,000 in shares of CLX during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in The Clorox Company valued at approximately $34,689,000. HRT FINANCIAL LP acquired a new stake in CLX for approximately $8,182,000. WEST COAST FINANCIAL LLC purchased a new stake in CLX valued at around $6,576,000 in the second quarter. In total, there are 1,507 active investors with 82.20% ownership of the company’s stock.
The Clorox Company (NYSE: CLX) opened at $153.60 on Monday. During the past 12 months, The Clorox Company has had a low of $124.58 and a high of $178.21. As of last week, the company has a debt-to-equity ratio of 871.33, a current ratio of 0.90, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $21.81B, which is based on a 255.02 price-to-earnings ratio, a 17.88 price-to-earnings-growth ratio, and a beta of 0.28. The fifty day moving average price for CLX is $157.13 and a two-hundred day moving average price translates $152.21 for the stock.
The latest earnings results from The Clorox Company (NYSE: CLX) was released for Mar, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.51, beating analysts’ expectations of $1.22 by 0.29. This compares to $1.23 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 24.50% for CLX. The company reported revenue of $1.92 billion for the quarter, compared to $1.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.86 percent. For the current quarter, analysts expect CLX to generate $1.88B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 08/09/2023 were paid a $1.20 dividend. On an annualized basis, this represents a $4.72 dividend and a 3.12% percent yield. There was an ex-dividend date of 08/08/2023 for this dividend. In terms of dividend payout ratio, CLX is presently at 778.60%.
The Clorox Company(CLX) Company Profile
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States. The Household segment provides cat litter products under the Fresh Step and Scoop Away brands; bags and wraps under the Glad brand; and grilling products under the Kingsford brand in the United States. The Lifestyle segment offers dressings, dips, seasonings, and sauces primarily under the Hidden Valley brand; natural personal care products under the Burt’s Bees brand; and water-filtration products under the Brita brand in the United States. The International segment provides laundry additives; home care products; water-filtration systems; digestive health products; grilling products; cat litter products; food products; bags and wraps; natural personal care products; and professional cleaning and disinfecting products internationally primarily under the Clorox, Ayudin, Clorinda, Poett, Pine-Sol, Glad, Brita, RenewLife, Ever Clean and Burt’s Bees brands. The Clorox Company sells its products primarily through mass retailers; grocery outlets; warehouse clubs; dollar stores; home hardware centers; drug, pet and military stores; third-party and owned e-commerce channels; and distributors, as well as a direct sales force The company was founded in 1913 and is headquartered in Oakland, California.
