Clorox Company (CLX) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Clorox Company (CLX), based in Oakland, California, is a leading manufacturer and marketer of consumer and professional products. Established in 1913, Clorox operates through four key segments: Health and Wellness, Household, Lifestyle, and International. The company’s portfolio includes popular brands such as Clorox, Pine-Sol, Glad, and Burt’s Bees, which are widely distributed through various retail and e-commerce platforms. As a prominent player in the Consumer Defensive sector and Household & Personal Products industry, Clorox exhibits a strong commitment to innovation and consumer health, providing an attractive investment option in the stable household products market.
Stock Performance and Analysis
As of September 22, 2024, Clorox’s stock price stands at $163.33, with a target high of $174.00. The company has reported a total revenue of approximately $7.09 billion, underscoring its solid financial foundation. Currently, Clorox has a total of 123,862,000 outstanding shares, with around 3,718,327 shares sold short, reflecting a short interest of approximately 3.42%. This moderate level of short selling indicates investor confidence in Clorox’s performance. Analysts project a mean target price of $149.91, suggesting varied expectations but aligning with a cautiously optimistic outlook for the stock.
Analyst Sentiment and Recommendations
The consensus recommendation among analysts is to “hold,” with a mean rating of 3.1 stemming from 20 different analyst opinions. This balanced perspective indicates a cautious approach to Clorox’s future performance, highlighting both optimism regarding the medium-term potential and a prudent stance amid current market conditions. The stock’s recent trading has shown upward momentum, comfortably exceeding its 50-day moving average of $148.70. With a 52-week high of $169.09, Clorox’s performance reflects strong investor sentiment, even amid fluctuations that brought the stock down to a low of $114.69 over the past year. As the market evolves, investors may find value in maintaining their current positions while closely monitoring developments within Clorox and the broader industry.
| Metric | Value |
|---|---|
| Market Cap | $20.2b |
| Total Debt | $2.9b |
| Total Cash | $202.0m |
| Shares Outstanding | 123.9m |
| Float Shares | 123.6m |
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