Clarus Corp (NASDAQ:CLAR) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating. Clarus’ rating score has improved by 40.1% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $8.83 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Clarus an industry rank of 84 out of 265 based on the ratings given to its competitors.
CLAR has been the topic of several research reports. Stifel Nicolaus set a $10.00 target price on Clarus and gave the company a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded Clarus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th.
Shares of Clarus (CLAR) traded down $0.05 during trading on Wednesday, reaching $7.45. The company had a trading volume of 32,879 shares, compared to its average volume of 33,999. The company has a market capitalization of $225.31, a price-to-earnings ratio of -27.59, a P/E/G ratio of 0.88 and a beta of 1.45. Clarus has a 1-year low of $5.00 and a 1-year high of $8.00. The company has a quick ratio of 1.68, a current ratio of 4.53 and a debt-to-equity ratio of 0.18.
Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $45.77 million for the quarter, compared to analyst estimates of $40.71 million. Clarus had a negative return on equity of 0.16% and a negative net margin of 5.07%. Clarus’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. research analysts anticipate that Clarus will post 0.14 EPS for the current fiscal year.
In other news, Director Nicolas Sokolow bought 5,076 shares of the stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $7.26 per share, for a total transaction of $36,851.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Kuehne bought 5,923 shares of the stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $7.21 per share, for a total transaction of $42,704.83. The disclosure for this purchase can be found here. Insiders own 33.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CLAR. Rice Hall James & Associates LLC purchased a new position in shares of Clarus in the fourth quarter valued at $1,962,000. State Street Corp grew its position in shares of Clarus by 1,618.8% in the second quarter. State Street Corp now owns 197,712 shares of the company’s stock valued at $1,316,000 after purchasing an additional 186,209 shares in the last quarter. Northern Trust Corp grew its position in shares of Clarus by 271.7% in the second quarter. Northern Trust Corp now owns 243,149 shares of the company’s stock valued at $1,617,000 after purchasing an additional 177,736 shares in the last quarter. Citigroup Inc. grew its position in shares of Clarus by 7,684.5% in the second quarter. Citigroup Inc. now owns 65,312 shares of the company’s stock valued at $434,000 after purchasing an additional 64,473 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new position in shares of Clarus in the third quarter valued at $423,000. Institutional investors own 51.45% of the company’s stock.
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Clarus Company Profile
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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