Clarus Corp (NASDAQ:CLAR) has earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.00.
Several research firms have issued reports on CLAR. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Finally, Macquarie set a $79.00 target price on Alaska Air Group and gave the stock a “buy” rating in a research report on Friday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. lifted its stake in Clarus by 0.4% in the 1st quarter. Kennedy Capital Management Inc. now owns 2,104,258 shares of the company’s stock valued at $26,956,000 after buying an additional 8,101 shares in the last quarter. Brown Advisory Inc. lifted its stake in Clarus by 0.7% in the 4th quarter. Brown Advisory Inc. now owns 1,628,860 shares of the company’s stock valued at $16,484,000 after buying an additional 11,290 shares in the last quarter. BlackRock Inc. lifted its stake in Clarus by 2.5% in the 4th quarter. BlackRock Inc. now owns 1,149,559 shares of the company’s stock valued at $11,634,000 after buying an additional 27,619 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Clarus by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,833 shares of the company’s stock valued at $5,857,000 after buying an additional 17,308 shares in the last quarter. Finally, Cortina Asset Management LLC purchased a new stake in Clarus in the 2nd quarter valued at approximately $5,351,000. Institutional investors own 61.57% of the company’s stock.
CLAR traded up $0.04 on Wednesday, hitting $14.46. 5,717 shares of the company were exchanged, compared to its average volume of 214,865. Clarus has a twelve month low of $7.85 and a twelve month high of $15.10. The stock has a market capitalization of $431.03 million, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.07 and a beta of 1.34. The company has a current ratio of 5.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $13.66.
Clarus (NASDAQ:CLAR) last released its earnings results on Monday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Clarus had a return on equity of 11.92% and a net margin of 4.85%. The company had revenue of $61.22 million for the quarter, compared to analysts’ expectations of $58.13 million. Research analysts forecast that Clarus will post 0.69 earnings per share for the current fiscal year.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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