Stock analysts at Macquarie began coverage on shares of Clarus (NASDAQ:CLAR) in a research report issued on Friday, BenzingaRatingsTable reports. The firm set an “outperform” rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.
Shares of CLAR opened at $13.78 on Friday. The company has a current ratio of 5.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $418.47 million, a PE ratio of 24.18, a P/E/G ratio of 2.01 and a beta of 1.34. The business’s 50-day simple moving average is $13.64. Clarus has a 12-month low of $7.85 and a 12-month high of $15.10.
Clarus (NASDAQ:CLAR) last announced its earnings results on Monday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $61.22 million during the quarter, compared to analysts’ expectations of $58.13 million. Clarus had a net margin of 4.85% and a return on equity of 11.92%. Research analysts predict that Clarus will post 0.69 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. grew its holdings in shares of Clarus by 0.4% during the first quarter. Kennedy Capital Management Inc. now owns 2,104,258 shares of the company’s stock worth $26,956,000 after buying an additional 8,101 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Clarus by 2.5% during the fourth quarter. BlackRock Inc. now owns 1,149,559 shares of the company’s stock worth $11,634,000 after buying an additional 27,619 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Clarus by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,833 shares of the company’s stock worth $5,857,000 after buying an additional 17,308 shares in the last quarter. Cortina Asset Management LLC purchased a new stake in shares of Clarus during the second quarter worth about $5,351,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Clarus by 43.5% during the first quarter. Assenagon Asset Management S.A. now owns 266,202 shares of the company’s stock worth $3,410,000 after buying an additional 80,694 shares in the last quarter. Institutional investors and hedge funds own 60.30% of the company’s stock.
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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