Clorox (CLX) Given a $147.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $147.00 price objective on Clorox (NYSE:CLX) in a research note released on Monday, reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on CLX. Zacks Investment Research raised Clorox from a sell rating to a hold rating in a research report on Monday, November 6th. Morgan Stanley decreased their target price on Clorox from $138.00 to $128.00 and set an equal weight rating for the company in a research report on Thursday, November 2nd. Consumer Edge raised Clorox from a neutral rating to an outperform rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a hold rating and set a $132.00 target price on shares of Clorox in a research report on Wednesday, November 1st. Finally, Wells Fargo & Co raised their target price on Clorox from $130.00 to $146.00 and gave the company a market perform rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Clorox has a consensus rating of Hold and a consensus target price of $131.97.

Shares of Clorox (NYSE CLX) opened at $127.76 on Monday. The company has a market capitalization of $16,540.42, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.60 and a beta of 0.31. Clorox has a 12-month low of $124.09 and a 12-month high of $150.40. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.22 and a quick ratio of 0.86.

Clorox (NYSE:CLX) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.01. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Clorox had a return on equity of 126.70% and a net margin of 13.21%. Clorox’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. equities analysts anticipate that Clorox will post 6.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $3.36 annualized dividend and a dividend yield of 2.63%. Clorox’s payout ratio is 55.45%.

In other news, SVP Michael R. Costello sold 10,574 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the transaction, the senior vice president now owns 34,867 shares in the company, valued at approximately $4,742,260.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CLX. FMR LLC boosted its stake in Clorox by 0.8% in the 2nd quarter. FMR LLC now owns 106,828 shares of the company’s stock worth $14,234,000 after purchasing an additional 879 shares during the period. Dimensional Fund Advisors LP boosted its stake in Clorox by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 472,584 shares of the company’s stock worth $62,967,000 after purchasing an additional 31,843 shares during the period. Balyasny Asset Management LLC boosted its stake in Clorox by 98.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 33,292 shares of the company’s stock worth $4,436,000 after purchasing an additional 16,497 shares during the period. AHL Partners LLP boosted its stake in Clorox by 18.6% in the 2nd quarter. AHL Partners LLP now owns 25,699 shares of the company’s stock worth $3,424,000 after purchasing an additional 4,028 shares during the period. Finally, Gotham Asset Management LLC bought a new position in Clorox in the 2nd quarter worth about $703,000. Institutional investors and hedge funds own 73.68% of the company’s stock.

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Clorox Company Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

Analyst Recommendations for Clorox (NYSE:CLX)

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