Clorox (NYSE:CLX)‘s stock had its “hold” rating reissued by equities researchers at Wells Fargo & Co in a report issued on Friday, AnalystRatings.com reports. They currently have a $153.00 price target on the stock. Wells Fargo & Co‘s target price would indicate a potential downside of 3.20% from the stock’s previous close.
The analysts wrote, “We think the next few quarters could be choppy until CLX laps significant pricing & works through issues in Trash Bags/Wipes and therefore expect shares to remain range-bound n.t. We maintain our Market Perform rating.””
Other analysts have also issued reports about the stock. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 2nd. Argus lowered shares of Clorox from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Bank of America set a $54.00 price target on shares of Fortis and gave the company a “buy” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. set a $60.00 price target on shares of Bayerische Motoren Werke and gave the company a “sell” rating in a research report on Monday, April 8th. Finally, Deutsche Bank downgraded shares of Cogent Communications from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Clorox presently has a consensus rating of “Hold” and an average price target of $148.43.
CLX stock opened at $158.06 on Friday. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 4.44 and a beta of 0.38. The firm’s 50-day moving average price is $153.83. Clorox has a one year low of $127.34 and a one year high of $167.70. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93.
Clorox (NYSE:CLX) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.03). The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Clorox had a net margin of 12.68% and a return on equity of 108.82%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. As a group, sell-side analysts expect that Clorox will post 6.29 EPS for the current year.
In other news, SVP Denise Garner sold 20,399 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $157.61, for a total transaction of $3,215,086.39. Following the transaction, the senior vice president now owns 4,896 shares in the company, valued at $771,658.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CLX. Norges Bank acquired a new position in shares of Clorox during the fourth quarter valued at about $175,485,000. Janus Henderson Group PLC increased its holdings in Clorox by 28.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,771,185 shares of the company’s stock worth $284,204,000 after buying an additional 391,569 shares during the period. Geode Capital Management LLC increased its holdings in Clorox by 21.5% in the 4th quarter. Geode Capital Management LLC now owns 1,899,544 shares of the company’s stock worth $292,347,000 after buying an additional 335,835 shares during the period. Martingale Asset Management L P increased its holdings in Clorox by 152.4% in the 1st quarter. Martingale Asset Management L P now owns 211,703 shares of the company’s stock worth $33,971,000 after buying an additional 127,816 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Clorox by 65.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 299,966 shares of the company’s stock worth $48,133,000 after buying an additional 118,660 shares during the period. Hedge funds and other institutional investors own 77.55% of the company’s stock.
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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