BidaskClub Downgrades Clarus (NASDAQ:CLAR) to Buy

Clarus (NASDAQ:CLAR) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, BidAskClub reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Clarus from a “sell” rating to a “hold” rating in a report on Monday, January 6th. ValuEngine raised Clarus from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group started coverage on Clarus in a report on Friday, October 11th. They set a “buy” rating and a $18.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.60.

NASDAQ:CLAR traded up $0.26 during trading hours on Tuesday, hitting $13.43. The company’s stock had a trading volume of 50,701 shares, compared to its average volume of 88,372. The stock has a market capitalization of $393.65 million, a P/E ratio of 23.56 and a beta of 1.32. The stock has a fifty day moving average of $13.17 and a 200-day moving average of $12.53. The company has a current ratio of 4.32, a quick ratio of 1.72 and a debt-to-equity ratio of 0.15. Clarus has a 52-week low of $8.56 and a 52-week high of $15.10.

Clarus (NASDAQ:CLAR) last posted its earnings results on Monday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $60.20 million during the quarter, compared to analysts’ expectations of $61.06 million. Clarus had a net margin of 4.49% and a return on equity of 10.58%. On average, sell-side analysts forecast that Clarus will post 0.58 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Clarus by 21.1% during the second quarter. BlackRock Inc. now owns 1,337,492 shares of the company’s stock worth $19,313,000 after buying an additional 233,342 shares during the period. Vanguard Group Inc. boosted its stake in shares of Clarus by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,170,091 shares of the company’s stock worth $16,896,000 after buying an additional 19,822 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Clarus by 3.0% during the second quarter. Renaissance Technologies LLC now owns 980,941 shares of the company’s stock worth $14,165,000 after buying an additional 28,900 shares during the period. State Street Corp boosted its stake in shares of Clarus by 2.8% during the third quarter. State Street Corp now owns 372,708 shares of the company’s stock worth $4,370,000 after buying an additional 10,107 shares during the period. Finally, Argent Capital Management LLC boosted its stake in shares of Clarus by 6.4% during the second quarter. Argent Capital Management LLC now owns 273,175 shares of the company’s stock worth $3,945,000 after buying an additional 16,325 shares during the period. 64.41% of the stock is currently owned by institutional investors.

Clarus Company Profile

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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Analyst Recommendations for Clarus (NASDAQ:CLAR)

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