Clorox (NYSE:CLX) Price Target Cut to $102.00 by Analysts at Barclays

Clorox (NYSE:CLX) had its target price lowered by Barclays from $109.00 to $102.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other analysts have also issued reports on CLX. TD Cowen increased their price target on shares of Clorox from $98.00 to $111.00 and gave the stock a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley increased their price target on shares of Clorox from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Royal Bank Of Canada reduced their price target on shares of Clorox from $132.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Evercore reduced their price target on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 4th. Finally, Rothschild & Co Redburn set a $117.00 price target on shares of Clorox in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Clorox has an average rating of “Reduce” and a consensus target price of $115.47.

Clorox Stock Performance

Shares of NYSE:CLX opened at $104.44 on Tuesday. The company’s 50 day moving average price is $113.75 and its two-hundred day moving average price is $110.52. Clorox has a 12-month low of $96.66 and a 12-month high of $143.96. The firm has a market cap of $12.63 billion, a PE ratio of 17.07, a PEG ratio of 0.51 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 71.03.

Clorox (NYSE:CLX) last announced its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company earned $1.55 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that Clorox will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a $1.24 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a yield of 4.7%. Clorox’s dividend payout ratio (DPR) is currently 81.05%.

Institutional Trading of Clorox

Hedge funds have recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. acquired a new stake in Clorox in the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Clorox in the third quarter valued at approximately $25,000. True Wealth Design LLC boosted its position in Clorox by 1,020.0% in the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after buying an additional 204 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Clorox in the third quarter valued at approximately $29,000. Finally, Bank & Trust Co acquired a new stake in Clorox in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Company Profile

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.