Clorox (NYSE:CLX) Given New $151.00 Price Target at Deutsche Bank Aktiengesellschaft

Clorox (NYSE:CLX) had its price target cut by Deutsche Bank Aktiengesellschaft from $155.00 to $151.00 in a report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

Several other research firms have also commented on CLX. Morgan Stanley reiterated an equal weight rating and issued a $160.00 target price on shares of Clorox in a research note on Tuesday, March 26th. Jefferies Financial Group upgraded Clorox from an underperform rating to a hold rating and set a $145.00 target price for the company in a research note on Tuesday, March 26th. Citigroup dropped their target price on Clorox from $165.00 to $155.00 and set a neutral rating for the company in a research note on Tuesday. The Goldman Sachs Group started coverage on Clorox in a research note on Friday, March 1st. They issued a sell rating and a $140.00 target price for the company. Finally, DA Davidson reiterated a neutral rating and issued a $162.00 target price on shares of Clorox in a research note on Monday, February 5th. Four analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $148.63.

Clorox Stock Performance

NYSE CLX opened at $142.29 on Wednesday. Clorox has a fifty-two week low of $114.68 and a fifty-two week high of $178.21. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 225.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.43. The business has a fifty day moving average of $150.40 and a 200-day moving average of $141.69. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 11.37.

Clorox (NYSE:CLX) last released its quarterly 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. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, analysts predict that Clorox will post 5.52 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s payout ratio is 761.92%.

Institutional Investors Weigh In On Clorox

Institutional investors and hedge funds have recently modified their holdings of the stock. Tyler Stone Wealth Management purchased a new stake in shares of Clorox in the second quarter worth about $25,000. O Dell Group LLC purchased a new position in Clorox in the fourth quarter valued at about $28,000. Fortitude Family Office LLC purchased a new position in Clorox in the fourth quarter valued at about $29,000. Northwest Financial Advisors purchased a new position in Clorox in the fourth quarter valued at about $29,000. Finally, Core Wealth Advisors Inc. purchased a new position in Clorox in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

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.