Steward Partners Investment Advisory LLC has reduced its stake in The Clorox Company (NYSE:CLX) while other firms like Dakota Wealth Management have boosted theirs. For the second year running, Clorox has been named Barron's Most Sustainable U.S. Company. Despite occasional underperformance, the company's stock generally outperforms competitors on trading days. Clorox's strategic actions, such as the divestment of its operations in Argentina, Uruguay and Paraguay, have been beneficial even when faced with high costs. Reports for Q2 and Q3 in fiscal year 2024 were delivered, with the company projecting strong sales growth and margin expansion. However, Clorox's EPS decrease and net sales down 20% in Q1 of 2024 raised concerns. After selling some Latin American operations, which led to a $233 million charge, the company has landed a higher rating from Jeffries. Numerous assessments indicate an undervaluation of the company further hinting at strong growth potential. Clorox has raised its profit forecast after rebounding from a cyberattack in August. Overall, the company maintains a strong position in the industry with minor adversarial events.
Clorox Company CLX News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sat, 01 Jun 2024 13:09:41 GMT -
Rating 2
- Innovation 2
- Information 6
- Rumor -4
