Clorox (NYSE:CLX) Trading 4.6% Higher – Here’s What Happened

The Clorox Company (NYSE:CLX) shares traded up 4.6% on Friday . The stock traded as high as $93.50 and last traded at $93.7570. 1,421,862 shares changed hands during trading, a decline of 44% from the average session volume of 2,553,910 shares. The stock had previously closed at $89.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased 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. Royal Bank Of Canada decreased their price target on Clorox from $132.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Rothschild & Co Redburn set a $117.00 price target on Clorox in a research report on Friday, February 13th. Finally, BNP Paribas Exane decreased their price target on Clorox from $128.00 to $97.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $103.40.

Clorox Stock Performance

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 company’s 50-day moving average is $97.16 and its two-hundred day moving average is $105.39. The company has a market capitalization of $11.37 billion, a P/E ratio of 15.27, a PEG ratio of 0.46 and a beta of 0.56.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.09. Clorox had a net margin of 11.18% and a return on equity of 443.64%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business earned $1.45 earnings per share. Clorox’s revenue for the quarter was up .1% compared to the same quarter last year. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. Equities analysts anticipate that The Clorox Company will post 5.61 earnings per share for the current fiscal year.

Insider Transactions at Clorox

In other news, Director Pierre R. Breber acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of $85.82 per share, with a total value of $429,100.00. Following the acquisition, the director owned 18,000 shares in the company, valued at approximately $1,544,760. This represents a 38.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clorox

A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Clorox during the fourth quarter worth approximately $135,735,000. Van ECK Associates Corp raised its stake in shares of Clorox by 93.9% during the third quarter. Van ECK Associates Corp now owns 2,709,972 shares of the company’s stock worth $334,139,000 after acquiring an additional 1,312,471 shares in the last quarter. Invesco Ltd. raised its stake in shares of Clorox by 22.1% during the fourth quarter. Invesco Ltd. now owns 4,880,341 shares of the company’s stock worth $492,085,000 after acquiring an additional 884,751 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Clorox by 6,907.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 749,703 shares of the company’s stock worth $75,593,000 after acquiring an additional 739,005 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Clorox during the second quarter worth approximately $71,856,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

About Clorox

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.