Clarus Corp (CLAR) Given $8.83 Consensus Price Target by Brokerages

Shares of Clarus Corp (NASDAQ:CLAR) have been assigned an average broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.

Analysts have set a twelve-month consensus target price of $8.83 for the company and are anticipating that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Clarus an industry rank of 16 out of 265 based on the ratings given to its competitors.

Several brokerages have recently weighed in on CLAR. Stifel Nicolaus set a $10.00 price target on shares of Clarus and gave the stock a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded shares of Clarus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th.

Shares of Clarus (NASDAQ CLAR) traded down $0.05 during trading on Thursday, hitting $7.95. 84,100 shares of the stock traded hands, compared to its average volume of 87,725. The stock has a market cap of $240.10, a PE ratio of -29.44, a PEG ratio of 3.83 and a beta of 1.45. Clarus has a 1-year low of $5.00 and a 1-year high of $8.00. The company has a quick ratio of 1.68, a current ratio of 4.53 and a debt-to-equity ratio of 0.18.

In related news, insider Aaron Kuehne purchased 5,923 shares of Clarus stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $7.21 per share, for a total transaction of $42,704.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nicolas Sokolow purchased 5,076 shares of Clarus stock in a transaction on Monday, November 13th. The stock was bought at an average price of $7.26 per share, for a total transaction of $36,851.76. The disclosure for this purchase can be found here. 33.60% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Citigroup Inc. boosted its position in Clarus by 7,684.5% in the 2nd quarter. Citigroup Inc. now owns 65,312 shares of the company’s stock valued at $434,000 after buying an additional 64,473 shares during the period. TIAA CREF Investment Management LLC purchased a new stake in Clarus in the 2nd quarter valued at about $363,000. Northern Trust Corp boosted its position in Clarus by 271.7% in the 2nd quarter. Northern Trust Corp now owns 243,149 shares of the company’s stock valued at $1,617,000 after buying an additional 177,736 shares during the period. Bank of New York Mellon Corp boosted its position in Clarus by 189.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 81,214 shares of the company’s stock valued at $540,000 after buying an additional 53,137 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in Clarus in the 2nd quarter valued at about $146,000. Institutional investors own 50.47% of the company’s stock.

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About Clarus

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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