The Clorox Company (NYSE:CLX - Get Free Report) Director Pierre Breber acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of $85.82 per share, with a total value of $429,100.00. Following the purchase, the director directly owned 18,000 shares of the company's stock, valued at $1,544,760. This trade represents a 38.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Clorox Price Performance
Clorox stock opened at $86.17 on Wednesday. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.45 and a beta of 0.59. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 27.03. The business has a 50-day simple moving average of $107.46 and a 200 day simple moving average of $108.43. The Clorox Company has a 52 week low of $84.70 and a 52 week high of $138.94.
Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.09. Clorox had a return on equity of 443.64% and a net margin of 11.18%.The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted $1.45 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. On average, research analysts forecast that The Clorox Company will post 5.63 earnings per share for the current fiscal year.
Clorox Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 annualized dividend and a yield of 5.8%. Clorox's payout ratio is presently 80.52%.
Analysts Set New Price Targets
Several research firms have recently weighed in on CLX. Wells Fargo & Company lowered their price objective on shares of Clorox from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, May 1st. Barclays reduced their target price on Clorox from $102.00 to $85.00 and set an "underweight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their price target on Clorox from $99.00 to $95.00 and set an "underweight" rating on the stock in a research report on Friday, May 1st. Evercore reaffirmed an "underperform" rating and set a $110.00 price target on shares of Clorox in a research note on Friday. Finally, TD Cowen upped their price objective on Clorox from $98.00 to $111.00 and gave the stock a "hold" rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Clorox presently has a consensus rating of "Reduce" and an average price target of $104.00.
Check Out Our Latest Report on CLX
Hedge Funds Weigh In On Clorox
A number of large investors have recently added to or reduced their stakes in CLX. Allspring Global Investments Holdings LLC lifted its stake in Clorox by 3.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,237 shares of the company's stock worth $546,000 after purchasing an additional 177 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of Clorox during the first quarter valued at about $420,000. Wealthfront Advisers LLC increased its holdings in shares of Clorox by 18.5% in the first quarter. Wealthfront Advisers LLC now owns 3,690 shares of the company's stock worth $382,000 after buying an additional 575 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Clorox by 8.8% in the first quarter. D.A. Davidson & CO. now owns 20,674 shares of the company's stock worth $2,142,000 after buying an additional 1,676 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Clorox by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,280,226 shares of the company's stock valued at $132,670,000 after acquiring an additional 29,181 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company's stock.
About Clorox
(
Get Free Report)
The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company's flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.
Clorox's diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.
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