Clarus Corporation (NASDAQ:CLAR – Get Free Report) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $4.06.
Several brokerages have recently commented on CLAR. Roth Capital increased their target price on shares of Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Wall Street Zen raised shares of Clarus from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Finally, B. Riley Financial upped their price objective on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, August 10th.
Check Out Our Latest Stock Analysis on CLAR
Clarus Trading Up 1.6%
NASDAQ CLAR opened at $4.55 on Wednesday. The firm has a market capitalization of $174.90 million, a P/E ratio of 19.48 and a beta of 1.03. The business has a fifty day simple moving average of $3.69 and a 200 day simple moving average of $3.28. Clarus has a 12 month low of $2.53 and a 12 month high of $4.63.
Clarus (NASDAQ:CLAR – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $56.16 million for the quarter, compared to analysts’ expectations of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. As a group, sell-side analysts predict that Clarus will post 0.25 EPS for the current fiscal year.
Hedge Funds Weigh In On Clarus
Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Clarus in the 2nd quarter valued at $1,454,000. GSA Capital Partners LLP bought a new stake in shares of Clarus during the 2nd quarter worth $652,000. Bank of New York Mellon Corp bought a new stake in shares of Clarus during the 2nd quarter worth $557,000. Squarepoint Ops LLC boosted its holdings in shares of Clarus by 88.8% in the 2nd quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock worth $401,000 after buying an additional 59,922 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Clarus in the 1st quarter worth about $149,000. 90.30% of the stock is owned by institutional investors.
About Clarus
Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.
Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.
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