Macquarie began coverage on shares of Clarus (NASDAQ:CLAR) in a report published on Friday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $20.00 price target on the stock.
Several other brokerages also recently issued reports on CLAR. Zacks Investment Research upgraded shares of General Moly from a sell rating to a hold rating in a research note on Thursday, July 11th. BidaskClub downgraded shares of Xilinx from a buy rating to a hold rating in a research note on Saturday, June 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Clarus has a consensus rating of Buy and an average target price of $15.20.
Shares of CLAR stock opened at $14.45 on Friday. Clarus has a 12 month low of $7.85 and a 12 month high of $15.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.22 and a current ratio of 5.25. The company’s 50 day moving average is $13.74. The firm has a market capitalization of $431.03 million, a P/E ratio of 22.18, a PEG ratio of 2.07 and a beta of 1.34.
Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.20 EPS for the quarter, beating the 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 the consensus estimate of $58.13 million. On average, sell-side analysts expect that Clarus will post 0.69 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Kennedy Capital Management Inc. grew its stake in shares of Clarus by 0.4% in the first quarter. Kennedy Capital Management Inc. now owns 2,104,258 shares of the company’s stock worth $26,956,000 after acquiring an additional 8,101 shares during the last quarter. BlackRock Inc. grew its stake in shares of Clarus by 2.5% in the fourth quarter. BlackRock Inc. now owns 1,149,559 shares of the company’s stock worth $11,634,000 after acquiring an additional 27,619 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Clarus by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,833 shares of the company’s stock worth $5,857,000 after acquiring an additional 17,308 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in shares of Clarus in the second quarter worth $5,351,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Clarus by 43.5% in the first quarter. Assenagon Asset Management S.A. now owns 266,202 shares of the company’s stock worth $3,410,000 after acquiring an additional 80,694 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.
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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