Clorox (NYSE:CLX) Price Target Raised to $95.00

by · The Cerbat Gem

Clorox (NYSE:CLX – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $92.00 to $95.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group lifted their target price on shares of Clorox from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays reaffirmed an “underweight” rating and issued a $84.00 target price on shares of Clorox in a report on Tuesday. Wells Fargo & Company lifted their price target on Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research note on Tuesday. Twelve analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $102.40.

Get Our Latest Research Report on Clorox

Clorox Stock Performance

NYSE CLX opened at $105.69 on Tuesday. The company has a fifty day moving average price of $96.10 and a 200-day moving average price of $103.45. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 3.15 and a beta of 0.54. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.65. Clorox has a 1 year low of $84.70 and a 1 year high of $128.90.

Clorox (NYSE:CLX – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the firm earned $2.87 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts predict that Clorox will post 5.82 EPS for the current fiscal year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is 80.52%.

Hedge Funds Weigh In On Clorox

Several institutional investors have recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in shares of Clorox in the second quarter valued at $29,000. Caitlin John LLC grew its stake in shares of Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after acquiring an additional 253 shares during the period. Avalon Trust Co bought a new position in shares of Clorox during the 2nd quarter worth $29,000. Root Financial Partners LLC increased its holdings in Clorox by 83.8% in the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares during the last quarter. Finally, Vision Financial Markets LLC increased its holdings in Clorox by 166.7% in the 4th quarter. Vision Financial Markets LLC now owns 320 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

About Clorox

(Get Free Report)

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

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