Clarus (CLAR) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Clarus (NASDAQ:CLAR) from a buy rating to a hold rating in a research note published on Friday.

A number of other brokerages also recently issued reports on CLAR. Roth Capital raised shares of Clarus from a neutral rating to a buy rating and raised their price target for the company from $9.50 to $13.00 in a report on Monday, October 1st. Zacks Investment Research raised shares of Clarus from a hold rating to a strong-buy rating and set a $12.00 price target on the stock in a report on Monday, October 8th. TheStreet raised shares of Clarus from a c+ rating to a b rating in a report on Friday, November 23rd. Finally, ValuEngine raised shares of Clarus from a hold rating to a buy rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Clarus currently has a consensus rating of Buy and a consensus price target of $12.25.

Shares of CLAR stock opened at $10.07 on Friday. Clarus has a one year low of $6.35 and a one year high of $12.00. The stock has a market cap of $309.85 million, a P/E ratio of 83.92, a PEG ratio of 1.57 and a beta of 1.37. The company has a current ratio of 4.94, a quick ratio of 2.14 and a debt-to-equity ratio of 0.14.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. Clarus had a net margin of 4.71% and a return on equity of 9.59%. The company had revenue of $55.69 million for the quarter, compared to the consensus estimate of $53.27 million. On average, analysts forecast that Clarus will post 0.53 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. boosted its holdings in shares of Clarus by 3.6% during the 3rd quarter. Brown Advisory Inc. now owns 1,617,570 shares of the company’s stock valued at $17,873,000 after acquiring an additional 56,745 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Clarus by 1.7% in the 3rd quarter. BlackRock Inc. now owns 1,121,940 shares of the company’s stock worth $12,397,000 after purchasing an additional 18,910 shares during the period. Vanguard Group Inc lifted its stake in shares of Clarus by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 1,031,682 shares of the company’s stock worth $11,400,000 after purchasing an additional 5,200 shares during the period. Vanguard Group Inc. lifted its stake in shares of Clarus by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,031,682 shares of the company’s stock worth $11,400,000 after purchasing an additional 5,200 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Clarus by 9.1% in the 2nd quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock worth $7,891,000 after purchasing an additional 79,742 shares during the period. 51.80% of the stock is currently owned by hedge funds and other institutional investors.

About Clarus

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.

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