Clorox (NYSE:CLX) PT Lowered to $136.00

Clorox (NYSE:CLX - Free Report) had its target price reduced by Barclays from $148.00 to $136.00 in a research note issued to investors on Wednesday, Benzinga reports. Barclays currently has an underweight rating on the stock.

CLX has been the topic of a number of other research reports. Jefferies Financial Group upgraded Clorox from an underperform rating to a hold rating and set a $145.00 target price on the stock in a research report on Tuesday, March 26th. Bank of America upgraded Clorox from an underperform rating to a neutral rating and boosted their price target for the company from $120.00 to $150.00 in a research report on Friday, December 15th. JPMorgan Chase & Co. boosted their price target on Clorox from $145.00 to $152.00 and gave the company a neutral rating in a research report on Thursday, January 18th. Citigroup restated a neutral rating and issued a $165.00 price target (down previously from $170.00) on shares of Clorox in a research report on Tuesday, April 2nd. Finally, DA Davidson restated a neutral rating and issued a $162.00 price target on shares of Clorox in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $149.13.

Clorox Stock Up 0.2 %

NYSE CLX traded up $0.34 during trading on Wednesday, reaching $144.36. 1,014,482 shares of the company's stock were exchanged, compared to its average volume of 1,231,640. The stock has a market cap of $17.92 billion, a P/E ratio of 229.15, a price-to-earnings-growth ratio of 2.26 and a beta of 0.43. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The company has a 50 day moving average price of $151.55 and a two-hundred day moving average price of $141.26. Clorox has a 1 year low of $114.68 and a 1 year high of $178.21.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $1.08. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. Clorox's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, equities research analysts anticipate that Clorox will post 5.51 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox's payout ratio is currently 761.92%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLX. Tyler Stone Wealth Management acquired a new stake in shares of Clorox during the 2nd quarter worth $25,000. O Dell Group LLC acquired a new stake in shares of Clorox during the 4th quarter worth $28,000. Fortitude Family Office LLC acquired a new stake in shares of Clorox during the 4th quarter worth $29,000. Northwest Financial Advisors acquired a new stake in shares of Clorox during the 4th quarter worth $29,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of Clorox during the 4th quarter worth $29,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.