Clorox (NYSE:CLX) Price Target Lowered to $139.00 at Barclays

Clorox (NYSE:CLX) had its price objective decreased by Barclays from $140.00 to $139.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other research firms have also recently commented on CLX. Evercore ISI upped their price target on Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Wells Fargo & Company increased their target price on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. DA Davidson reduced their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.50.

Clorox Trading Up 1.9 %

Shares of Clorox stock opened at $145.70 on Thursday. Clorox has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 2.62 and a beta of 0.45. The stock has a 50 day moving average of $151.62 and a 200 day moving average of $159.22.

Clorox (NYSE:CLX) last posted its earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the previous year, the company earned $2.16 EPS. As a group, research analysts predict that Clorox will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is presently 133.33%.

Hedge Funds Weigh In On Clorox

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group lifted its position in shares of Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in Clorox during the 4th quarter worth $26,000. Continuum Advisory LLC lifted its position in Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after acquiring an additional 138 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Clorox in the fourth quarter valued at $31,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of Clorox during the fourth quarter worth about $31,000. 78.53% of the stock is 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.