Clarus (NASDAQ:CLAR – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.
CLAR has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Roth Capital upped their target price on shares of Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, B. Riley Financial raised their price target on Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.06.
View Our Latest Research Report on CLAR
Clarus Stock Down 2.2%
Clarus (NASDAQ:CLAR – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.25. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%.The firm had revenue of $56.16 million for the quarter, compared to analysts’ expectations of $51.54 million. On average, research analysts anticipate that Clarus will post 0.26 earnings per share for the current year.
Hedge Funds Weigh In On Clarus
Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in shares of Clarus in the second quarter worth approximately $33,000. Ieq Capital LLC bought a new stake in Clarus during the 2nd quarter valued at $69,000. Empowered Funds LLC bought a new stake in Clarus during the 2nd quarter valued at $86,000. Marquette Asset Management LLC purchased a new stake in Clarus during the 2nd quarter valued at $92,000. Finally, Bank of America Corp DE boosted its position in Clarus by 21.1% during the 1st quarter. Bank of America Corp DE now owns 34,602 shares of the company’s stock valued at $94,000 after buying an additional 6,032 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.
Clarus Company Profile
Clarus Corporation (NASDAQ: CLAR) is a global company that designs, develops, manufactures and distributes outdoor equipment and related products. Its portfolio serves consumers and professionals in climbing, skiing, mountaineering, camping, cycling, trail sports, overlanding and other outdoor activities.
The company’s principal brands include Black Diamond Equipment, which offers climbing, mountain sports, ski and outdoor products; Rhino-Rack, which develops vehicle-based carrying and storage systems; and MAXTRAX, which produces vehicle recovery boards and related off-road equipment.
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