Clarus Corp (CLAR) Receives Average Recommendation of “Buy” from Brokerages

Clarus Corp (NASDAQ:CLAR) has earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.33.

CLAR has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Roth Capital upgraded shares of Clarus from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.50 to $13.00 in a research note on Monday, October 1st. ValuEngine upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Lake Street Capital raised their price target on shares of Clarus to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Stifel Nicolaus raised their price target on shares of Clarus from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th.

Institutional investors have recently bought and sold shares of the company. Algert Global LLC bought a new position in shares of Clarus in the 2nd quarter worth about $106,000. Bank of America Corp DE lifted its position in shares of Clarus by 62.5% in the 2nd quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock worth $309,000 after buying an additional 14,401 shares during the last quarter. LPL Financial LLC bought a new position in shares of Clarus in the 1st quarter worth about $314,000. GSA Capital Partners LLP lifted its position in shares of Clarus by 183.8% in the 2nd quarter. GSA Capital Partners LLP now owns 45,856 shares of the company’s stock worth $378,000 after buying an additional 29,700 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its position in shares of Clarus by 53.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 47,499 shares of the company’s stock worth $392,000 after buying an additional 16,524 shares during the last quarter. Institutional investors own 52.13% of the company’s stock.

NASDAQ CLAR opened at $10.75 on Monday. Clarus has a 12 month low of $6.35 and a 12 month high of $12.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 4.37. The firm has a market cap of $331.96 million, a price-to-earnings ratio of 89.58, a P/E/G ratio of 2.40 and a beta of 1.44.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.13. Clarus had a net margin of 2.06% and a return on equity of 7.41%. The firm had revenue of $45.88 million for the quarter, compared to the consensus estimate of $40.80 million. On average, research analysts expect that Clarus will post 0.46 EPS for the current fiscal year.

Clarus Company Profile

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

Further Reading: Initial Public Offering (IPO)

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