Zacks Investment Research upgraded shares of Clarus (NASDAQ:CLAR) from a hold rating to a buy rating in a research report released on Thursday, Zacks.com reports. The firm currently has $16.00 price objective on the stock.
According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “
Separately, BidaskClub lowered shares of Xilinx from a buy rating to a hold rating in a report on Saturday, June 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Clarus has a consensus rating of Buy and a consensus target price of $15.20.
Shares of NASDAQ CLAR opened at $14.42 on Thursday. The firm has a 50 day simple moving average of $13.66. Clarus has a fifty-two week low of $7.85 and a fifty-two week high of $15.10. The firm has a market capitalization of $431.03 million, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.07 and a beta of 1.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.25 and a quick ratio of 2.22.
Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Clarus had a net margin of 4.85% and a return on equity of 11.92%. The business had revenue of $61.22 million for the quarter, compared to analyst estimates of $58.13 million. Equities research analysts anticipate that Clarus will post 0.69 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Clarus by 46.3% in the fourth quarter. Rhumbline Advisers now owns 29,474 shares of the company’s stock worth $298,000 after purchasing an additional 9,324 shares during the period. Roubaix Capital LLC acquired a new stake in Clarus in the first quarter worth $3,240,000. Brown Advisory Inc. raised its holdings in Clarus by 0.7% in the fourth quarter. Brown Advisory Inc. now owns 1,628,860 shares of the company’s stock worth $16,484,000 after purchasing an additional 11,290 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Clarus by 55.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 58,688 shares of the company’s stock worth $594,000 after purchasing an additional 21,033 shares during the period. Finally, Barclays PLC raised its holdings in Clarus by 85.1% in the fourth quarter. Barclays PLC now owns 17,310 shares of the company’s stock worth $175,000 after purchasing an additional 7,957 shares during the period. Institutional investors own 60.30% of the company’s stock.
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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