Clarus (NASDAQ:CLAR) Rating Lowered to Sell at Wall Street Zen

Clarus (NASDAQ:CLAR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Tuesday.

CLAR has been the topic of a number of other research reports. Lake Street Capital reissued a “hold” rating and set a $3.50 target price on shares of Clarus in a report on Friday, August 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.75.

Clarus Stock Up 1.1%

NASDAQ CLAR opened at $3.58 on Tuesday. The company has a market cap of $137.47 million, a PE ratio of -1.70 and a beta of 0.97. Clarus has a 52 week low of $3.02 and a 52 week high of $5.29. The firm’s 50-day simple moving average is $3.43 and its two-hundred day simple moving average is $3.49.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $69.35 million during the quarter, compared to analysts’ expectations of $66.43 million. Clarus had a negative return on equity of 4.30% and a negative net margin of 31.52%. As a group, equities research analysts anticipate that Clarus will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Legacy Capital Group California Inc. grew its holdings in shares of Clarus by 31.3% during the 1st quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock valued at $99,000 after purchasing an additional 6,264 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Clarus by 29.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 93,643 shares of the company’s stock valued at $351,000 after buying an additional 21,508 shares during the period. Nuveen LLC purchased a new stake in Clarus during the first quarter valued at about $332,000. Russell Investments Group Ltd. grew its stake in shares of Clarus by 5.3% during the first quarter. Russell Investments Group Ltd. now owns 1,414,784 shares of the company’s stock valued at $5,305,000 after buying an additional 71,203 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Clarus by 4.8% in the first quarter. American Century Companies Inc. now owns 574,256 shares of the company’s stock worth $2,153,000 after buying an additional 26,084 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.