Clorox Sees Unusually High Options Volume (NYSE:CLX)

The Clorox Company (NYSE:CLX) saw unusually large options trading on Tuesday. Stock investors bought 15,112 put options on the company. This is an increase of approximately 153% compared to the average daily volume of 5,962 put options.

Insiders Place Their Bets

In other news, Director Pierre R. Breber purchased 5,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $85.82 per share, for a total transaction of $429,100.00. Following the purchase, the director owned 18,000 shares in the company, valued at $1,544,760. This trade represents a 38.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

Institutional Trading of Clorox

A number of hedge funds have recently added to or reduced their stakes in CLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Clorox by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock worth $1,970,000 after acquiring an additional 514 shares during the period. Woodline Partners LP grew its position in shares of Clorox by 253.7% during the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock valued at $1,532,000 after acquiring an additional 7,465 shares during the period. Baird Financial Group Inc. increased its stake in shares of Clorox by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock valued at $3,006,000 after purchasing an additional 424 shares in the last quarter. Jump Financial LLC increased its stake in shares of Clorox by 173.5% in the 2nd quarter. Jump Financial LLC now owns 12,491 shares of the company’s stock valued at $1,500,000 after purchasing an additional 7,924 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in Clorox by 26.2% in the 2nd quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock worth $1,938,000 after purchasing an additional 3,352 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CLX. BNP Paribas Exane decreased their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $98.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $94.00 price objective on shares of Clorox in a report on Wednesday, July 22nd. Barclays increased their price objective on shares of Clorox from $85.00 to $86.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company reduced their target price on shares of Clorox from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Twelve research analysts have rated the stock with 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 an average rating of “Reduce” and a consensus price target of $101.00.

Clorox Stock Up 3.2%

Clorox stock opened at $100.50 on Wednesday. The business’s 50-day moving average price is $95.35 and its 200 day moving average price is $103.82. 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 firm has a market cap of $12.15 billion, a price-to-earnings ratio of 16.31 and a beta of 0.54. Clorox has a 52 week low of $84.70 and a 52 week high of $128.90.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.09. Clorox had a return on equity of 443.64% and a net margin of 11.18%.The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $1.45 earnings per share. Clorox’s revenue for the quarter was up .1% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.450-5.650 EPS. As a group, sell-side analysts anticipate that Clorox will post 5.52 earnings per share for the current year.

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.