Clorox (NYSE:CLX) Price Target Lowered to $110.00 at UBS Group

Clorox (NYSE:CLX) had its target price cut by UBS Group from $121.00 to $110.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley boosted their target price on Clorox from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. BNP Paribas Exane upgraded Clorox from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group decreased their price target on Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a research note on Wednesday, January 7th. Finally, Barclays reissued an “underweight” rating and set a $109.00 price target on shares of Clorox in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Clorox currently has an average rating of “Reduce” and an average target price of $117.27.

Clorox Stock Performance

NYSE CLX opened at $103.00 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03. The business’s 50 day moving average is $114.41 and its two-hundred day moving average is $111.11. Clorox has a 12-month low of $96.66 and a 12-month high of $143.96. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.50 and a beta of 0.65.

Clorox (NYSE:CLX) last released its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm posted $1.55 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts expect that Clorox will post 7.15 EPS 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 issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, April 22nd. Clorox’s dividend payout ratio is 81.05%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Total Investment Management Inc. purchased a new position in shares of Clorox during the 2nd quarter worth $25,000. Center for Financial Planning Inc. purchased a new position in shares of Clorox during the 3rd quarter worth $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Clorox during the 3rd quarter worth $25,000. Caitlin John LLC lifted 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 purchasing an additional 253 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

About Clorox

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.