CLX - The Clorox Company

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Jul 11, 2019.

  1. T0rm3nted

    T0rm3nted Moderator
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    The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands. It also provides charcoal products under the Kingsford and Match Light brands; bags, wraps, and containers under the Glad brand; cat litter products under the Fresh Step, Scoop Away, and Ever Clean brands; and digestive health products under the RenewLife brand. In addition, the company offers dressings and sauces primarily under the Hidden Valley, KC Masterpiece, Kingsford, and Soy Vay brands; water-filtration systems and filters under the Brita brand; natural personal care products under the Burt's Bees brand; and dietary supplements under the Rainbow Light, Natural Vitality, and Neocell brands. Further, it markets its products under the PinoLuz, Ayudin, Limpido, Clorinda, Poett, Mistolin, Lestoil, Bon Bril, Agua Jane, and Chux brands. The company sells its products primarily through mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, third-party and owned e-commerce channels, military stores, and distributors, as well as a direct sales force and medical supply distributors. The Clorox Company was founded in 1913 and is headquartered in Oakland, California.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Added to my watch list with an alert to make me watch it closer if it gets down below $147, looking for an entry closer to $145

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  3. Stockaholic

    Stockaholic Content Manager

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    Dividend Stock Spotlight: Clorox (CLX)
    Tue, Feb 25, 2020

    Safe havens like gold and US Treasuries have been surging but safe havens within the equities space, like Consumer Staples (XLP), have been unable to escape declines. While down about 3% over the past week, XLP, in addition to other defensive sectors like Utilities (XLU) and Real Estate (XLRE), have still managed to outperform the S&P 500. As shown in the relative strength chart below, the line over the past few days has risen sharply indicating outperformance of Consumer Staples versus the S&P 500.

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    One name worth mentioning within this sector is household cleaning product manufacturer Clorox (CLX). This is one of just 26 stocks in the S&P 500 that is trading higher today as of this writing. Since CLX has managed to shrug off the recent downturn, the stock has broken out of its sideways range between the low $160s and low $140s that has been in place for much of the past couple of years.

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    With a bullish technical backdrop, CLX's fundamentals are looking more promising as well. The past few quarters have seen the company report negative year-over-year revenue growth for the first time since 2014. But the most recent quarterly report from earlier this month showed these declines slowed to a 1.6% YoY rate. Meanwhile, the recent run in price still leaves the price-to-earnings ratio well off of its highs and in the middle of its range of the past few years. Meanwhile, the price-to-book ratio remains historically low albeit on the rise over the past couple of years.

    Given bond yields have continued to decline to record lows while equity declines have raised dividend yields, stocks now yield more than bonds by the highest margin in recent years as we discussed yesterday. The dividend yield of Clorox is the third-highest of the S&P 500's Household & Personal Products industry group at 2.52%. That is also a higher yield than the 2.11% average yield for the broader Consumer Staples sector. Not only is CLX a high yielder but the dividend also seems to be a safe bet over the long run. The payout ratio remains at fairly healthy levels at 59.75%, meaning the company appears to have room to continue to pay shareholders and/or grow the dividend. On top of this, Clorox has a long history of uninterrupted dividend payments going back to the late 70's. Not only has the company been paying shareholders for the past several decades, but it has also grown the dividend for 42 consecutive years, placing it in the club of Dividend Aristocrats (a group of stocks that have 25+ consecutive years of dividend increases).

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  4. Fabricio Gomez

    Fabricio Gomez New Member

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    Hello I am new to this site and to investing. Today Clorox (CLX) announced their earnings and their EPS/Revenue were better than expected for Q4 but Clorox' stock value went down? Why? Thank you!
     
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  5. T0rm3nted

    T0rm3nted Moderator
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    I did zero research on it and did not look it up, but there are many possible reasons. It was expected to be even better than it was. There was a run-up prior to earnings so the positive earnings was already priced in. Negative guidance possibly? The old adage many times hold true - Buy the Rumor, sell the news.
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah pretty much. I guess nobody really expected bad earnings from CLX with their wipes flying off the shelves pretty much everyday, the only bad thing is they probably not making enough wipes to meet the demand :p My guess is it was just some profit taking, the stock is back up today. This company should continue to benefit if the pandemic drags on
     

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