A number of other research analysts have also weighed in on CLAR. ValuEngine lowered shares of Clarus from a buy rating to a hold rating in a research note on Tuesday, August 6th. Macquarie initiated coverage on shares of Clarus in a report on Friday, July 12th. They set an outperform rating and a $20.00 price target for the company. Zacks Investment Research downgraded shares of Clarus from a buy rating to a hold rating in a report on Thursday, July 25th. Roth Capital restated a neutral rating and set a $14.00 price target on shares of Clarus in a report on Tuesday, August 6th. They noted that the move was a valuation call. Finally, DA Davidson restated a neutral rating on shares of Clarus in a report on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Clarus currently has a consensus rating of Hold and an average price target of $16.25.
CLAR traded up $0.01 during trading on Wednesday, reaching $11.20. The company’s stock had a trading volume of 22,189 shares, compared to its average volume of 131,025. The company has a quick ratio of 1.39, a current ratio of 3.96 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $12.81. Clarus has a 1 year low of $8.56 and a 1 year high of $15.10. The company has a market cap of $338.37 million, a price-to-earnings ratio of 19.65 and a beta of 1.36.
Clarus (NASDAQ:CLAR) last released its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Clarus had a return on equity of 11.22% and a net margin of 4.87%. The business had revenue of $46.99 million during the quarter, compared to analysts’ expectations of $44.73 million. As a group, equities analysts forecast that Clarus will post 0.69 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of CLAR. Bank of Montreal Can increased its holdings in Clarus by 6,271.9% in the 2nd quarter. Bank of Montreal Can now owns 2,039 shares of the company’s stock valued at $29,000 after purchasing an additional 2,007 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Clarus in the 2nd quarter valued at approximately $49,000. D. E. Shaw & Co. Inc. increased its holdings in Clarus by 21.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 13,835 shares of the company’s stock valued at $200,000 after purchasing an additional 2,488 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Clarus by 25.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 17,052 shares of the company’s stock valued at $246,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Stone Ridge Asset Management LLC increased its holdings in Clarus by 64.9% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 19,619 shares of the company’s stock valued at $283,000 after purchasing an additional 7,719 shares during the last quarter. Hedge funds and other 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.
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