Clorox (NYSE:CLX) Shares Gap Down – What’s Next?

Shares of The Clorox Company (NYSE:CLX) gapped down prior to trading on Tuesday . The stock had previously closed at $159.78, but opened at $154.00. Clorox shares last traded at $151.17, with a volume of 883,907 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLX. Evercore ISI upped their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday. Wells Fargo & Company upped their price objective on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen raised Clorox from a “sell” rating to a “hold” rating and upped their price objective for the stock from $155.00 to $170.00 in a report on Wednesday, November 6th. Barclays upped their price objective on Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Clorox presently has an average rating of “Hold” and a consensus price target of $158.21.

Clorox Stock Down 0.9 %

The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08. The business has a 50-day moving average price of $161.83 and a 200-day moving average price of $158.67. The firm has a market cap of $18.18 billion, a P/E ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 0.42.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.16. Clorox had a return on equity of 316.08% and a net margin of 4.78%. During the same quarter in the prior year, the company earned $2.16 EPS. On average, equities analysts forecast that The Clorox Company will post 6.86 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s payout ratio is currently 170.04%.

Institutional Investors Weigh In On Clorox

A number of institutional investors have recently added to or reduced their stakes in the stock. Insight Folios Inc raised its stake in Clorox by 3.0% in the third quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock valued at $358,000 after buying an additional 63 shares during the last quarter. Integral Investment Advisors Inc. raised its stake in Clorox by 4.1% in the fourth quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company’s stock valued at $279,000 after buying an additional 67 shares during the last quarter. HCR Wealth Advisors raised its stake in Clorox by 1.0% in the fourth quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock valued at $1,116,000 after buying an additional 68 shares during the last quarter. Empower Advisory Group LLC raised its stake in Clorox by 4.5% in the third quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock valued at $297,000 after buying an additional 78 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its stake in Clorox by 2.7% in the third quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock valued at $502,000 after buying an additional 80 shares during the last quarter. 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.