Clorox (NYSE:CLX) Given New $155.00 Price Target at Evercore ISI

Clorox (NYSE:CLX) had its target price hoisted by Evercore ISI from $145.00 to $155.00 in a research report sent to investors on Tuesday morning.

Several other equities analysts have also recently weighed in on CLX. JPMorgan Chase & Co. raised their price objective on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays lowered their price target on Clorox from $139.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company increased their price objective on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday. TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and upped their price target for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Finally, StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Clorox currently has a consensus rating of “Hold” and a consensus price target of $157.64.

Clorox Stock Down 7.2 %

CLX stock opened at $148.29 on Tuesday. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62. The stock has a market capitalization of $18.36 billion, a P/E ratio of 51.67, a P/E/G ratio of 2.92 and a beta of 0.42. Clorox has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The business has a 50-day moving average of $162.63 and a 200-day moving average of $158.67.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 4.78% and a return on equity of 316.08%. During the same quarter in the previous year, the company posted $2.16 earnings per share. On average, sell-side analysts anticipate that Clorox will post 6.86 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, January 29th. Clorox’s payout ratio is 170.04%.

Institutional Investors Weigh In On Clorox

A number of hedge funds and other institutional investors have recently bought and sold shares of CLX. Brooklyn Investment Group grew its holdings in shares of Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Clorox during the 3rd quarter worth approximately $27,000. Continuum Advisory LLC grew its holdings in Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after acquiring an additional 138 shares during the last quarter. Asset Planning Inc acquired a new position in Clorox in the 4th quarter valued at approximately $32,000. Finally, BankPlus Trust Department bought a new position in shares of Clorox during the fourth quarter valued at $40,000. Institutional investors own 78.53% of the company’s stock.

About Clorox

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.