A number of other equities analysts have also issued reports on the stock. Macquarie started coverage on shares of Clarus in a research report on Friday, July 12th. They issued an outperform rating and a $20.00 target price for the company. DA Davidson reiterated a neutral rating on shares of Clarus in a research report on Thursday, August 15th. Roth Capital reiterated a neutral rating and issued a $14.00 target price on shares of Clarus in a research report on Tuesday, August 6th. They noted that the move was a valuation call. ValuEngine lowered shares of Clarus from a buy rating to a hold rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of Clarus from a buy rating to a hold rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $16.25.
Shares of CLAR opened at $11.81 on Tuesday. The firm has a 50-day moving average price of $11.45 and a 200 day moving average price of $12.86. The firm has a market capitalization of $344.63 million, a PE ratio of 20.72 and a beta of 1.39. The company has a quick ratio of 1.39, a current ratio of 3.96 and a debt-to-equity ratio of 0.10. Clarus has a 52-week low of $8.56 and a 52-week high of $15.10.
Clarus (NASDAQ:CLAR) last announced its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The company had revenue of $46.99 million during the quarter, compared to the consensus estimate of $44.73 million. Clarus had a net margin of 4.87% and a return on equity of 11.22%. On average, equities analysts expect that Clarus will post 0.69 EPS for the current year.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in shares of Clarus by 6,271.9% in the second quarter. Bank of Montreal Can now owns 2,039 shares of the company’s stock worth $29,000 after buying an additional 2,007 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Clarus in the second quarter worth about $49,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Clarus by 12.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,014 shares of the company’s stock worth $166,000 after buying an additional 1,414 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Clarus by 21.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 13,835 shares of the company’s stock worth $200,000 after buying an additional 2,488 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Clarus by 25.8% in the second quarter. Meeder Asset Management Inc. now owns 17,052 shares of the company’s stock worth $246,000 after buying an additional 3,498 shares during the period. Institutional investors own 64.62% 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.
Featured Article: How do CD ladders protect against rising interest rates?
Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.