Clorox (NYSE:CLX) Sets New 12-Month Low – Should You Sell?

Shares of The Clorox Company (NYSE:CLX) reached a new 52-week low on Thursday. The stock traded as low as $82.46 and last traded at $82.3860, with a volume of 1284239 shares traded. The stock had previously closed at $83.94.

Wall Street Analyst Weigh In

CLX has been the topic of a number of research reports. Zacks Research upgraded Clorox from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. UBS Group reaffirmed a “neutral” rating on shares of Clorox in a research note on Friday, September 11th. Barclays reiterated an “underweight” rating and set a $84.00 price target on shares of Clorox in a report on Tuesday, August 4th. Wells Fargo & Company decreased their target price on Clorox from $102.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Thirteen analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Clorox presently has an average rating of “Reduce” and a consensus price target of $101.40.

Clorox Trading Up 2.3%

The company has a market cap of $10.12 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.56 and a beta of 0.56. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The stock’s 50-day moving average is $97.08 and its two-hundred day moving average is $97.92.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts predict that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 6.0%. Clorox’s dividend payout ratio is 103.73%.

Institutional Investors Weigh In On Clorox

Several large investors have recently made changes to their positions in CLX. BlackRock Inc. purchased a new position in Clorox in the second quarter worth about $958,640,000. Geode Capital Management LLC boosted its stake in shares of Clorox by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company’s stock valued at $318,613,000 after purchasing an additional 10,060 shares during the period. Van ECK Associates Corp lifted its holdings in Clorox by 15.7% during the 4th quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock valued at $316,244,000 after buying an additional 426,433 shares in the last quarter. Bank of America Corp DE bought a new position in Clorox in the 2nd quarter worth about $179,780,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Clorox by 9.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,619,396 shares of the company’s stock valued at $163,284,000 after acquiring an additional 142,463 shares in the last quarter. 78.53% of the stock is owned by institutional investors.

Clorox Company Profile

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.