Top-ranked home products maker Church & Dwight has executed a nice turnaround this year, including a bounce for its stock. On Thursday, the stock Relative Strength Rating for Church & Dwight stock climbed to 76, up from 69 the day before.
Church & Dwight Stock A Few Points From Milestone
The 76 RS Rating means Church & Dwight stock has outperformed more than 76% of all other stocks this past year.
The rise puts it just a few points away from an important milestone. Market research shows that the best stocks tend to have an RS Rating of over 80 as they begin their biggest climbs. See if Church & Dwight can continue to show renewed price strength and hit that benchmark.
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Church & Dwight is known for brands such as Arm & Hammer baking soda, Nair hair removal cream, Kaboom cleaning solution and a host of other products.
Among its other key ratings Church & Dwight stock has a 78 Composite Rating, an 86 EPS Rating and a C- Accumulation/Distribution Rating. 1,929 funds own its stock, up from 1,781 in March.
Ewing, N.J.-based Church & Dwight reported 21% earnings growth in its latest quarterly report, to 92 cents per share. Over the prior three periods it reported EPS declined 5% and 3% in the last two quarters of 2022. Then it rose 2% in Q1 2023 before the leap to 21% growth last quarter.
Sales grew 10% last quarter to $1.454 billion. The prior three reports its sales growth rate rose from 0% to 5% and then 10%. The company says on its website it will announce fiscal third quarter numbers the morning of Nov. 3.
No. 1 In Its Industry Group
Church & Dwight stock is working on a consolidation with a 100.52 entry. See if it can clear the breakout price in heavy trading. Its stock has tracked its earnings recovery. It fell to a 70.16 low on Oct. 10, 2022, as the 2022 bear market was ending. Then it rose to 100.52 on July 6 this year before consolidating. Thursday afternoon, it traded at about 86.60.
Church & Dwight stock earns the No. 1 rank among its peers in the Soap & Cleaning Preparation industry group. The group itself ranks a weak No. 178 on IBD's list of 197 industry groups. Ecolab, which makes cleaning, pest elimination and maintenance products mainly for hotels and restaurants, is No. 2 in the group. And cleaning and other household goods maker Clorox, with $4 billion-plus annual sales, is No. 3.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
The unique IBD Relative Strength Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
