Price Action Alert: Is Clorox Co a Buy? The Stock Rises Again

Price Action Alert: Is Clorox Co a Buy? The Stock Rises Again

The stock of Clorox Co (NYSE:CLX) is a huge mover today! About 330,216 shares traded hands. Clorox Co (NYSE:CLX) has declined 3.21% since March 3, 2016 and is downtrending. It has underperformed by 11.55% the S&P500.
The move comes after 9 months positive chart setup for the $15.92B company. It was reported on Oct, 6 by Barchart.com. We have $185.10 PT which if reached, will make NYSE:CLX worth $7.96B more.

Analysts await Clorox Co (NYSE:CLX) to report earnings on November, 7. They expect $1.42 EPS, up 7.58% or $0.10 from last year’s $1.32 per share. CLX’s profit will be $183.20M for 21.73 P/E if the $1.42 EPS becomes a reality. After $1.26 actual EPS reported by Clorox Co for the previous quarter, Wall Street now forecasts 12.70% EPS growth.

Clorox Co (NYSE:CLX) Ratings Coverage

Out of 9 analysts covering The Clorox Company (NYSE:CLX), 1 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 11% are positive. The Clorox Company has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS on Tuesday, November 3 with “Sell”. The stock of Clorox Co (NYSE:CLX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. The stock has “Underweight” rating given by JP Morgan on Wednesday, May 4. UBS maintained Clorox Co (NYSE:CLX) on Thursday, August 4 with “Sell” rating. On Tuesday, November 3 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Underweight” rating given on Monday, March 21 by Barclays Capital. The firm has “Hold” rating given on Wednesday, August 5 by Deutsche Bank. As per Friday, February 26, the company rating was downgraded by Sterne Agee CRT. As per Wednesday, October 7, the company rating was maintained by Barclays Capital. The stock of Clorox Co (NYSE:CLX) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21.

According to Zacks Investment Research, “Clorox Company’s business operations, represented by the aggregate of its U.S. Household Products and Canada, U.S. Specialty Products and International segments, include the production and marketing of non-durable consumer products sold primarily through grocery and other retail stores.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.12, from 1.1 in 2016Q1. The ratio worsened, as 66 funds sold all Clorox Co shares owned while 246 reduced positions. 49 funds bought stakes while 256 increased positions. They now own 87.29 million shares or 6.63% less from 93.49 million shares in 2016Q1.
Philadelphia has 0.02% invested in the company for 2,050 shares. Vantage Invest Limited Liability Com has 0.01% invested in the company for 194 shares. Concert Wealth Mgmt Inc has 10,077 shares for 0.19% of their US portfolio. Archford Cap Strategies Ltd Liability Corporation holds 0.07% or 1,019 shares in its portfolio. Amer Century Inc holds 304,658 shares or 0.05% of its portfolio. Lord Abbett And Ltd Liability Corp, a New Jersey-based fund reported 118,409 shares. Mairs & Pwr has 0% invested in the company for 1,957 shares. Umb Bancorp N A Mo last reported 31,524 shares in the company. Capital Guardian Trust holds 0% of its portfolio in Clorox Co (NYSE:CLX) for 122 shares. Tci Wealth Advsr accumulated 0.06% or 723 shares. Cambridge Rech Advisors, a Iowa-based fund reported 32,965 shares. The Ohio-based Private Trust Communication Na has invested 0.14% in Clorox Co (NYSE:CLX). First In reported 625 shares or 0.05% of all its holdings. Massmutual Fsb Adv accumulated 0% or 460 shares. New Mexico Educational Retirement Board has 0.09% invested in the company for 15,075 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 5 selling transactions for $7.59 million net activity. STEIN LAURA had sold 38,882 shares worth $5.12M on Friday, September 2. $123,093 worth of Clorox Co (NYSE:CLX) shares were sold by Vlahos Nikolaos A. Willoughby Dawn C had sold 10,617 shares worth $1.39 million. Balousek Jon M also sold $673,517 worth of Clorox Co (NYSE:CLX) on Monday, August 29.

More news for Clorox Co (NYSE:CLX) were recently published by: Investorplace.com, which released: “Stocks to Buy: Colgate-Palmolive Corporation & Clorox Co Shine (CL, CLX)” on October 05, 2016. Fool.com‘s article titled: “Is The Clorox Company Stock Too Expensive?” and published on September 29, 2016 is yet another important article.

CLX Company Profile

The Clorox Company, incorporated on September 5, 1986, is a maker and marketer of consumer and professional products. The Firm sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Firm operates through four divisions: Cleaning, Household, Lifestyle and International. The Firm markets some of the consumer brand names, including namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers, Poett home care products, Fresh Step cat litter, Glad bags, wraps and containers, Kingsford charcoal, Hidden Valley dressings and sauces, Brita water-filtration products and Burt’s Bees natural personal care products. The Firm also markets brands for professional services, including Clorox Healthcare and Clorox Commercial Solutions. The Firm makes products in approximately 10 countries and markets them in over 100 countries.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment