JPMorgan Chase & Co. began coverage on shares of Clorox Co (NYSE:CLX) in a research note issued to investors on Tuesday morning. The firm issued a neutral rating and a $136.00 target price on the stock.
CLX has been the subject of a number of other reports. Zacks Investment Research upgraded Clorox from a strong sell rating to a hold rating in a research note on Tuesday, January 3rd. B. Riley reiterated a neutral rating and issued a $125.00 price target on shares of Clorox in a research note on Monday, February 6th. Barclays PLC set a $140.00 price target on Clorox and gave the company a hold rating in a research note on Saturday, February 18th. Morgan Stanley upgraded Clorox from an underweight rating to an equal weight rating and set a $112.00 price target for the company in a research note on Friday, December 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets began coverage on Clorox in a research note on Thursday, December 15th. They issued an outperform rating and a $136.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Clorox has an average rating of Hold and a consensus target price of $131.82.
Clorox (NYSE:CLX) opened at 137.81 on Tuesday. Clorox has a 12-month low of $111.24 and a 12-month high of $140.47. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 27.64 and a beta of 0.32. The firm’s 50-day moving average price is $134.10 and its 200 day moving average price is $123.44.
Clorox (NYSE:CLX) last announced its quarterly earnings results on Friday, February 3rd. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.03. Clorox had a return on equity of 239.42% and a net margin of 11.15%. The company earned $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company earned $1.14 EPS. Clorox’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that Clorox will post $5.34 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Investors of record on Wednesday, April 19th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, April 17th. This represents a $3.20 dividend on an annualized basis and a yield of 2.32%. Clorox’s payout ratio is 64.13%.
A number of hedge funds have recently bought and sold shares of CLX. Salem Investment Counselors Inc. bought a new stake in Clorox during the third quarter worth $100,000. Valley National Advisers Inc. increased its stake in Clorox by 0.5% in the third quarter. Valley National Advisers Inc. now owns 849 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the last quarter. Bartlett & Co. LLC increased its stake in Clorox by 13.8% in the third quarter. Bartlett & Co. LLC now owns 865 shares of the company’s stock worth $108,000 after buying an additional 105 shares during the last quarter. Mascoma Wealth Management LLC bought a new stake in Clorox during the fourth quarter worth $104,000. Finally, Van Hulzen Asset Management LLC bought a new stake in Clorox during the third quarter worth $113,000. Institutional investors and hedge funds own 70.14% of the company’s stock.
Clorox Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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