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

Clarus Corp (NASDAQ:CLAR) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating. Clarus’ rating score has improved by 40.1% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus target price of $8.83 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Clarus an industry rank of 69 out of 265 based on the ratings given to related companies.

CLAR has been the topic of several research reports. 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 raised shares of Clarus from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Friday, October 20th.

Clarus (NASDAQ CLAR) traded up $0.05 during mid-day trading on Friday, hitting $7.35. 59,526 shares of the company’s stock traded hands, compared to its average volume of 30,166. The stock has a market capitalization of $219.30, a P/E ratio of -27.22, a PEG ratio of 0.85 and a beta of 1.45. Clarus has a 52-week low of $5.00 and a 52-week high of $8.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.53 and a quick ratio of 1.68.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $45.77 million for the quarter, compared to the consensus estimate of $40.71 million. Clarus had a negative net margin of 5.07% and a negative return on equity of 0.16%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. equities analysts forecast that Clarus will post 0.14 EPS for the current fiscal year.

In other news, Director Nicolas Sokolow bought 5,076 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $7.26 per share, with a total value of $36,851.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aaron Kuehne bought 5,923 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $7.21 per share, for a total transaction of $42,704.83. The disclosure for this purchase can be found here. 46.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CLAR. Schwab Charles Investment Management Inc. purchased a new position in shares of Clarus in the second quarter worth $232,000. Rhumbline Advisers purchased a new position in shares of Clarus in the second quarter worth $175,000. Bank of New York Mellon Corp increased its stake in shares of Clarus by 189.3% in the second quarter. Bank of New York Mellon Corp now owns 81,214 shares of the company’s stock worth $540,000 after buying an additional 53,137 shares during the period. Teachers Advisors LLC purchased a new position in shares of Clarus in the second quarter worth $240,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Clarus during the 2nd quarter valued at $363,000. 50.57% of the stock is currently owned by institutional investors.

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Clarus Company Profile

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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