Shares of Clarus Corp (NASDAQ:CLAR) have received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.33.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Clarus from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 3rd. Stifel Nicolaus increased their price objective on shares of Clarus from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Roth Capital set a $10.00 price objective on shares of Clarus and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Finally, Lake Street Capital increased their price objective on shares of Clarus to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th.

Shares of CLAR stock traded up $0.17 during trading hours on Monday, hitting $10.37. 94,652 shares of the company were exchanged, compared to its average volume of 85,614. The company has a quick ratio of 1.72, a current ratio of 4.37 and a debt-to-equity ratio of 0.10. Clarus has a 52 week low of $6.35 and a 52 week high of $12.00. The company has a market capitalization of $331.96 million, a price-to-earnings ratio of 86.42, a P/E/G ratio of 2.40 and a beta of 1.44.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.13. Clarus had a net margin of 2.06% and a return on equity of 7.41%. The company had revenue of $45.88 million during the quarter, compared to the consensus estimate of $40.80 million. On average, equities analysts expect that Clarus will post 0.46 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its stake in Clarus by 183.8% in the second quarter. GSA Capital Partners LLP now owns 45,856 shares of the company’s stock valued at $378,000 after acquiring an additional 29,700 shares during the last quarter. Fairpointe Capital LLC lifted its stake in Clarus by 82.2% in the second quarter. Fairpointe Capital LLC now owns 110,844 shares of the company’s stock valued at $914,000 after acquiring an additional 50,000 shares during the last quarter. LPL Financial LLC acquired a new stake in Clarus in the first quarter valued at $314,000. Renaissance Technologies LLC lifted its stake in Clarus by 9.1% in the second quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock valued at $7,891,000 after acquiring an additional 79,742 shares during the last quarter. Finally, Manatuck Hill Partners LLC acquired a new stake in Clarus in the second quarter valued at $990,000. 52.13% of the stock is owned by institutional investors and hedge funds.

Clarus Company Profile

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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