The Clorox Company (NYSE:CLX) Receives $159.62 Consensus PT from Brokerages

Shares of The Clorox Company (NYSE:CLX) have received a consensus recommendation of “Reduce” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $159.62.

Several equities analysts have recently weighed in on CLX shares. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. DA Davidson reduced their price objective on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on shares of Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Evercore ISI raised their price target on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CLX. Brooklyn Investment Group grew its stake in shares of Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the period. Redwood Park Advisors LLC purchased a new position in Clorox during the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC bought a new position in shares of Clorox in the third quarter worth approximately $27,000. Continuum Advisory LLC increased its stake in shares of Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after purchasing an additional 138 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Clorox during the 4th quarter valued at $31,000. 78.53% of the stock is currently owned by institutional investors.

Clorox Trading Down 0.8 %

NYSE:CLX opened at $143.75 on Tuesday. The firm has a market capitalization of $17.71 billion, a P/E ratio of 39.28, a PEG ratio of 2.62 and a beta of 0.45. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. Clorox has a one year low of $127.60 and a one year high of $171.37. The company’s 50-day simple moving average is $152.57 and its 200 day simple moving average is $159.59.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same period in the previous year, the company posted $2.16 EPS. As a group, analysts forecast that Clorox will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a yield of 3.39%. Clorox’s dividend payout ratio (DPR) is 133.33%.

Clorox 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.