Clorox (NYSE:CLX) Cut to "Sell" at Wall Street Zen

Clorox (NYSE:CLX - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently commented on CLX. JPMorgan Chase & Co. upped their target price on shares of Clorox from $92.00 to $95.00 and gave the company an "underweight" rating in a report on Tuesday, August 4th. BNP Paribas Exane dropped their price target on shares of Clorox from $97.00 to $95.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Clorox in a research report on Friday, July 10th. Jefferies Financial Group cut Clorox from a "buy" rating to a "hold" rating and decreased their target price for the stock from $125.00 to $98.00 in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 target price on Clorox in a research report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $102.40.

Clorox Stock Performance

Shares of CLX opened at $105.85 on Friday. The firm has a market capitalization of $12.80 billion, a P/E ratio of 21.96, a PEG ratio of 3.17 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 0.38. Clorox has a one year low of $84.70 and a one year high of $128.90. The business has a fifty day moving average of $98.08 and a 200 day moving average of $103.31.

Clorox (NYSE:CLX - Get Free Report) last posted its 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. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.Clorox's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts anticipate that Clorox will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wilkins Investment Counsel Inc. lifted its holdings in Clorox by 250.6% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 55,064 shares of the company's stock worth $5,552,000 after purchasing an additional 39,360 shares in the last quarter. Morningstar Investment Management LLC grew its holdings in Clorox by 131.8% during the 4th quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company's stock valued at $6,297,000 after buying an additional 35,506 shares in the last quarter. Bank of America Corp DE grew its holdings in Clorox by 6.1% during the 1st quarter. Bank of America Corp DE now owns 1,405,774 shares of the company's stock valued at $145,680,000 after buying an additional 80,618 shares in the last quarter. National Pension Service raised its position in shares of Clorox by 68.9% during the fourth quarter. National Pension Service now owns 27,537 shares of the company's stock valued at $2,777,000 after buying an additional 11,233 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC purchased a new position in shares of Clorox in the fourth quarter worth $22,103,000. Hedge funds and other institutional investors 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.

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