Clorox Co (NYSE:CLX) EVP Eric H. Reynolds sold 1,824 shares of Clorox stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $207.41, for a total value of $378,315.84. Following the completion of the transaction, the executive vice president now directly owns 21,546 shares of the company’s stock, valued at $4,468,855.86. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Clorox stock opened at $203.05 on Friday. Clorox Co has a fifty-two week low of $144.31 and a fifty-two week high of $239.87. The firm’s fifty day moving average price is $211.07 and its 200-day moving average price is $214.95. The stock has a market cap of $25.59 billion, a P/E ratio of 22.61, a PEG ratio of 4.40 and a beta of 0.26. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.06 and a current ratio of 1.41.
Clorox (NYSE:CLX) last announced its earnings results on Saturday, November 7th. The company reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.90. Clorox had a net margin of 16.14% and a return on equity of 132.72%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. Sell-side analysts predict that Clorox Co will post 8.03 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Costello Asset Management INC purchased a new position in shares of Clorox during the 2nd quarter worth about $27,000. RPG Investment Advisory LLC raised its stake in shares of Clorox by 98.5% during the 2nd quarter. RPG Investment Advisory LLC now owns 129 shares of the company’s stock worth $28,000 after acquiring an additional 64 shares in the last quarter. Hall Laurie J Trustee bought a new position in shares of Clorox during the 3rd quarter worth approximately $28,000. Rosenberg Matthew Hamilton acquired a new position in Clorox during the 2nd quarter valued at approximately $29,000. Finally, Newfound Research LLC acquired a new position in Clorox during the 3rd quarter valued at approximately $29,000. Institutional investors own 75.81% of the company’s stock.
Several analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Clorox from an “overweight” rating to a “neutral” rating and set a $235.00 target price for the company. in a research note on Friday, October 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Clorox from a “buy” rating to a “hold” rating and set a $249.00 target price on the stock. in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Clorox from $223.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, November 3rd. Royal Bank of Canada boosted their target price on shares of Clorox from $218.00 to $221.00 and gave the company a “sector perform” rating in a report on Tuesday, November 3rd. Finally, Smith Barney Citigroup lowered their target price on shares of Clorox from $245.00 to $238.00 in a report on Tuesday, November 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $215.23.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Scentiva, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; professional cleaning, disinfecting, and food service products under the CloroxPro, Clorox Healthcare, and Clorox Total 360 brands; professional food service products under the Hidden Valley brand; and vitamins, minerals, and supplement products under the RenewLife, Rainbow Light, Natural Vitality, NeoCell, and Stop Aging Now brands.
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