Clorox (NYSE:CLX) Price Target Cut to $151.00

Clorox (NYSE:CLX - Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from $155.00 to $151.00 in a report released on Wednesday, Benzinga reports. The firm currently has a hold rating on the stock.

CLX has been the subject of a number of other reports. Morgan Stanley restated an equal weight rating and set a $160.00 target price on shares of Clorox in a report on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on shares of Clorox from $145.00 to $152.00 and gave the stock a neutral rating in a report on Thursday, January 18th. UBS Group upped their price target on shares of Clorox from $145.00 to $170.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Barclays reduced their price target on shares of Clorox from $148.00 to $136.00 and set an underweight rating for the company in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group began coverage on shares of Clorox in a research report on Friday, March 1st. They issued a sell rating and a $140.00 price target for the company. Four equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat.com, Clorox has an average rating of Hold and a consensus target price of $148.63.

Clorox Price Performance

Shares of Clorox stock traded down $0.19 on Wednesday, hitting $142.29. The company had a trading volume of 839,125 shares, compared to its average volume of 1,209,846. The business has a 50-day simple moving average of $150.67 and a 200-day simple moving average of $141.68. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57. The company has a market cap of $17.66 billion, a PE ratio of 225.51, a PEG ratio of 2.19 and a beta of 0.43. Clorox has a 52 week low of $114.68 and a 52 week high of $178.21.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $1.08. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.80 billion. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Research analysts expect that Clorox will post 5.52 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders 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 dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox's dividend payout ratio is presently 761.92%.

Hedge Funds Weigh In On Clorox

A number of institutional investors have recently modified their holdings of CLX. Tyler Stone Wealth Management acquired a new stake in shares of Clorox during the 2nd quarter worth approximately $25,000. O Dell Group LLC acquired a new position in Clorox during the fourth quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Clorox during the first quarter valued at approximately $31,000. Northwest Financial Advisors bought a new position in Clorox in the fourth quarter valued at approximately $29,000. Finally, GoalVest Advisory LLC bought a new position in Clorox in the first quarter valued at approximately $31,000. 78.53% of the stock is owned by institutional investors.

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.