Clorox (NYSE:CLX) Stock Moved Down to Sell by Wall Street Zen

Wall Street Zen cut shares of Clorox (NYSE:CLX) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also weighed in on the company. Zacks Research raised Clorox from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. UBS Group reiterated a “neutral” rating on shares of Clorox in a report on Friday, September 11th. Wells Fargo & Company lowered their target price on Clorox from $102.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Finally, Barclays reaffirmed an “underweight” rating and issued a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $101.40.

Clorox Trading Down 0.4%

NYSE CLX opened at $80.34 on Friday. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.52 and a beta of 0.59. The firm has a 50 day simple moving average of $95.63 and a 200-day simple moving average of $96.83. Clorox has a one year low of $79.12 and a one year high of $128.90.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $2.87 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities research analysts anticipate that Clorox will post 5.8 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s payout ratio is 103.73%.

Hedge Funds Weigh In On Clorox

Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in Clorox by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 75,135 shares of the company’s stock valued at $7,171,000 after purchasing an additional 7,956 shares during the last quarter. Corient Private Wealth LP purchased a new position in Clorox during the 2nd quarter worth $6,621,000. Bank of America Corp DE grew its position 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 worth $145,680,000 after purchasing an additional 80,618 shares during the last quarter. HighTower Advisors LLC increased its stake in Clorox by 47.0% in the second quarter. HighTower Advisors LLC now owns 83,053 shares of the company’s stock valued at $7,927,000 after purchasing an additional 26,552 shares during the period. Finally, MAC Alpha Capital Management LP increased its stake in Clorox by 88.7% in the second quarter. MAC Alpha Capital Management LP now owns 263,789 shares of the company’s stock valued at $25,178,000 after purchasing an additional 124,019 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Company Profile

The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.

Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.