Clarus Co. (NASDAQ:CLAR) Receives Average Recommendation of “Buy” from Analysts

Clarus Co. (NASDAQ:CLAR) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.71.

A number of equities analysts have commented on the stock. Bank of America initiated coverage on shares of Clarus in a report on Tuesday, December 21st. They issued a “buy” rating and a $35.00 target price for the company. BNP Paribas upgraded Clarus from a “neutral” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Wednesday, December 15th. Zacks Investment Research upgraded Clarus from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday. DA Davidson increased their target price on Clarus from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, October 19th. Finally, Raymond James increased their price objective on Clarus from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, December 3rd.

In related news, Director Donald House sold 10,000 shares of the stock in a transaction on Thursday, December 16th. The stock was sold at an average price of $27.65, for a total transaction of $276,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of CLAR. FMR LLC grew its holdings in shares of Clarus by 61.4% in the 2nd quarter. FMR LLC now owns 1,813,538 shares of the company’s stock valued at $46,608,000 after buying an additional 689,644 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Clarus by 248.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 792,137 shares of the company’s stock worth $20,302,000 after acquiring an additional 564,979 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Clarus during the 3rd quarter worth approximately $8,997,000. Vanguard Group Inc. boosted its position in Clarus by 21.1% in the second quarter. Vanguard Group Inc. now owns 1,229,957 shares of the company’s stock valued at $31,610,000 after buying an additional 214,357 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new stake in Clarus in the second quarter valued at approximately $2,777,000. Hedge funds and other institutional investors own 58.46% of the company’s stock.

NASDAQ CLAR traded down $0.56 during trading on Friday, hitting $23.81. The company had a trading volume of 1,755 shares, compared to its average volume of 168,453. The company has a current ratio of 3.12, a quick ratio of 1.36 and a debt-to-equity ratio of 0.67. The company’s fifty day moving average is $27.09 and its 200-day moving average is $27.36. The company has a market cap of $880.73 million, a price-to-earnings ratio of 42.02 and a beta of 0.85. Clarus has a one year low of $15.31 and a one year high of $32.36.

Clarus (NASDAQ:CLAR) last released its earnings results on Monday, November 8th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Clarus had a return on equity of 17.30% and a net margin of 5.73%. The firm had revenue of $108.97 million for the quarter, compared to the consensus estimate of $108.13 million. As a group, equities analysts anticipate that Clarus will post 1.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Monday, November 8th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, November 5th. Clarus’s payout ratio is 17.24%.

Clarus Company Profile

Clarus Corp. engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the Black Diamond and Sierra segment. The Black Diamond segment designs, manufactures, and markets outdoor engineered equipment and apparel for climbing, mountaineering, backpacking, skiing, and a range of other year-round outdoor recreation activities.

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Analyst Recommendations for Clarus (NASDAQ:CLAR)

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