Clorox (CLX) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clorox in the last year. There are currently 6 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CLX shares.
View CLX analyst ratings or view top-rated stocks.

14 analysts have issued 12-month price targets for Clorox's stock. Their CLX share price forecasts range from $127.00 to $185.00. On average, they anticipate the company's share price to reach $147.64 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts price targets for CLX or view top-rated stocks among Wall Street analysts.

Clorox's stock was trading at $140.33 at the beginning of 2023. Since then, CLX stock has decreased by 6.4% and is now trading at $131.33.
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Clorox saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,860,000 shares, a drop of 12.9% from the August 15th total of 4,430,000 shares. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is presently 3.3 days. Approximately 3.1% of the company's shares are sold short.
View Clorox's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CLX earnings forecast.

The Clorox Company (NYSE:CLX) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.48. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.88 billion. Clorox had a trailing twelve-month return on equity of 163.56% and a net margin of 2.02%. The business's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS.
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Clorox announced a quarterly dividend on Wednesday, September 20th. Stockholders of record on Wednesday, October 25th will be given a dividend of $1.20 per share on Thursday, November 9th. This represents a $4.80 annualized dividend and a yield of 3.65%. The ex-dividend date is Tuesday, October 24th.
Read our dividend analysis for CLX.

ETFs with the largest weight of Clorox (NYSE:CLX) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), 2ndVote Society Defended ETF (EGIS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), VanEck Morningstar ESG Moat ETF (MOTE), Victoryshares Dividend Accelerator ETF (VSDA), ProShares Russell US Dividend Growers ETF (TMDV) and SPDR S&P Dividend ETF (SDY).

Clorox (NYSE:CLX) pays an annual dividend of $4.80 per share and currently has a dividend yield of 3.62%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 403.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CLX will have a dividend payout ratio of 73.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLX.

Clorox updated its FY 2024 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $5.60-$5.90 for the period, compared to the consensus estimate of $5.63. The company issued revenue guidance of $7.39 billion-$7.54 billion, compared to the consensus revenue estimate of $7.45 billion.

17 employees have rated Clorox Chief Executive Officer Linda Rendle on Glassdoor.com. Linda Rendle has an approval rating of 94% among the company's employees. This puts Linda Rendle in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Clorox investors own include Johnson & Johnson (JNJ), AbbVie (ABBV), NVIDIA (NVDA), Verizon Communications (VZ), AT&T (T), Walt Disney (DIS), Home Depot (HD), Procter & Gamble (PG), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Clorox trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLX."

Clorox's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.03%), State Street Corp (6.48%), Geode Capital Management LLC (2.28%), Stifel Financial Corp (1.73%), Wells Fargo & Company MN (1.30%) and Northern Trust Corp (1.29%). Insiders that own company stock include A D David Mackay, Benno O Dorer, Diego J Barral, Eric H Reynolds, Kevin B Jacobsen, Laura Stein and William S Bailey.
View institutional ownership trends.

Shares of CLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLX stock can currently be purchased for approximately $131.33.

Clorox (NYSE:CLX) has a market capitalization of $16.26 billion and generates $7.39 billion in revenue each year. The company earns $149 million in net income (profit) each year or $1.19 on an earnings per share basis.

The company employs 8,700 workers across the globe.

Clorox's mailing address is 1221 BROADWAY, OAKLAND CA, 94612. The official website for the company is www.thecloroxcompany.com. The company can be reached via phone at (510) 271-7000, via email at investorrelations@clorox.com, or via fax at 510-832-1463.