Lake Street Advisors Group LLC Acquires Shares of 1,632 The Clorox Company (NYSE:CLX)

Lake Street Advisors Group LLC bought a new stake in The Clorox Company (NYSE:CLX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,632 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its stake in Clorox by 308.5% during the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock valued at $29,000 after acquiring an additional 145 shares during the last quarter. Northwest Financial Advisors acquired a new stake in Clorox in the fourth quarter worth $29,000. Core Wealth Advisors Inc. acquired a new stake in Clorox in the fourth quarter worth $29,000. First United Bank & Trust acquired a new position in shares of Clorox during the fourth quarter valued at $31,000. Finally, GoalVest Advisory LLC bought a new position in shares of Clorox during the first quarter worth about $31,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Trading Up 0.9 %

Shares of Clorox stock traded up $1.15 during trading on Thursday, hitting $133.95. The stock had a trading volume of 268,155 shares, compared to its average volume of 1,225,221. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The company has a market capitalization of $16.64 billion, a PE ratio of 68.81, a P/E/G ratio of 1.96 and a beta of 0.39. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $169.14. The stock has a 50 day simple moving average of $133.80 and a 200 day simple moving average of $142.77.

Clorox (NYSE:CLX) last announced its earnings results on Tuesday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.51 EPS. On average, research analysts expect that The Clorox Company will post 5.92 EPS for the current fiscal year.

Analysts Set New Price Targets

CLX has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Clorox from $158.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. BNP Paribas initiated coverage on Clorox in a research report on Monday, June 24th. They set an “underperform” rating and a $130.00 price target for the company. UBS Group lowered their price target on Clorox from $164.00 to $159.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, DA Davidson reiterated a “neutral” rating and issued a $162.00 target price on shares of Clorox in a research report on Wednesday, April 17th. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $142.13.

Clorox Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.