The Clorox Company (CLX), headquartered in Oakland, California, is a global manufacturer and marketer of consumer and professional products. With a market cap of $20.24 billion, Clorox offers a diverse range of high-quality cleaning, health, and wellness products to consumers, including household cleaners, disinfectants, and personal care items.
Companies valued at $10 billion or more are classified as "large-cap" stocks, and Clorox Company exemplifies this with its strong market position and consistent growth in the global consumer goods industry.
CLX shares are trading 3.6% below their 52-week high of $169.09, which they hit on Sep. 16. The stock has gained 21.3% over the past three months, outperforming the broader S&P 500 Index ($SPX), which has gained 4.6% over the same time frame.
In the longer term, CLX is up 14.3% on a YTD basis, and the shares have gained 23.4% over the past 52 weeks. In comparison, SPX has gained 20% in 2024 and rallied 31.9% over the past year.
To confirm its bullish trend, CLX has been trading above its 50-day and 200-day moving averages since early August.
On Aug. 1, Clorox Company gained over 7% following its Q4 earnings report. Its adjusted EPS of $1.82 beat Wall Street expectations of $1.54. The company’s revenue was $1.9 billion, which fell short of Wall Street forecasts of $2 billion. CLX expects full-year adjusted EPS to be between $6.55 and $6.80.
Highlighting the contrast in performance, CLX’s competitor, Colgate-Palmolive Company (CL), has outperformed both the stock and SPX. CLX has gained 30.2% on a YTD basis.
Despite the stock's recent strong price performance, analysts are concerned about CLX's prospects. The stock has a consensus rating of "Moderate Sell" from 20 analysts in coverage. The mean price target is $149.33, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
