Clorox Company (CLX): Today's Featured Consumer Durables Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Clorox Company ( CLX) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Clorox Company fell $1.71 (-2.0%) to $83.08 on heavy volume. Throughout the day, 1,318,034 shares of Clorox Company exchanged hands as compared to its average daily volume of 840,000 shares. The stock ranged in price between $83.08-$84.68 after having opened the day at $84.56 as compared to the previous trading day's close of $84.79. Other companies within the Consumer Durables industry that declined today were: Panasonic Corporation ( PC), down 5.1%, Canon ( CAJ), down 4.5%, Global-Tech Advanced Innovations ( GAI), down 4.4% and SGOCO Group ( SGOC), down 4.3%.
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The Clorox Company manufactures and markets consumer and professional products worldwide. Clorox Company has a market cap of $11.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Clorox Company a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Clorox Company as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Entertainment Gaming Asia ( EGT), down 4.5%, Movado Group ( MOV), down 3.1%, Nautilus Group ( NLS), down 2.6% and Black Diamond ( BDE), down 2.2% , were all gainers within the consumer durables industry with Select Comfort Corporation ( SCSS) being today's featured consumer durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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