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The Clorox Company (NYSE:CLX) is included among the 15 Best Passive Income Stocks to Buy Right Now.
On November 4, Morgan Stanley analyst Dara Mohsenian cut the firm’s price target for The Clorox Company (NYSE:CLX) to $125 from $137 on November 4 and maintained an Equal Weight rating. The analyst pointed out that the company posted weak fiscal Q1 results and guided full-year EPS toward the low end of its range, but still argued that the numbers were “not as bad as feared.”
For fiscal Q1 2026, The Clorox Company (NYSE:CLX) reported $1.43 billion in revenue, a drop of 19% from the same period a year earlier. The company attributed the decline to reduced shipments tied to its ERP transition. Organic sales fell 17%, largely because of lower volume linked to the ERP shift. Gross margin slipped by 410 basis points to 41.7%, compared with 45.8% a year ago, as lower volume and higher manufacturing and logistics expenses weighed on profitability, partly offset by cost-saving efforts.
Even so, CEO Linda Rendle highlighted the rollout of The Clorox Company (NYSE:CLX)’s new ERP system in the US, calling it a major achievement that strengthened the company’s digital foundation and opened doors to new value opportunities. She recognized the challenges around the transition but noted that the company is already seeing benefits take hold across its operations. Management expects organic sales to decline at a low single-digit pace in the first half and rise at a low single-digit rate in the second half, excluding the effects of the ERP transition.
CFO Luc Bellet added that the US retail category will likely stay subdued, with growth projected between 0% and 1%, which remains below the long-term trend.
The Clorox Company (NYSE:CLX) is best known for its cleaning and disinfecting products, though it also offers a broad lineup of other consumer and professional items, including products for household cleaning, laundry, and health and wellness.
While we acknowledge the potential of CLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Extreme Dividend Stocks to Buy According to Hedge Funds and 15 Overlooked Dividend Stocks to Buy Right Now.
Disclosure: None.
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