Shares of Clarus Corp (NASDAQ:CLAR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Clarus’ rating score has improved by 40.1% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 12 month consensus price target of $8.83 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Clarus an industry rank of 111 out of 265 based on the ratings given to related companies.
A number of equities analysts recently commented on CLAR shares. Stifel Nicolaus set a $10.00 target price on Clarus and gave the company a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research raised Clarus from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a report on Friday, October 20th.
Shares of Clarus (NASDAQ:CLAR) traded up $0.10 during trading on Tuesday, hitting $7.40. The company had a trading volume of 224,718 shares, compared to its average volume of 52,313. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.68 and a current ratio of 4.53. The company has a market capitalization of $222.30, a P/E ratio of -27.41, a PEG ratio of 0.87 and a beta of 1.45. Clarus has a one year low of $5.00 and a one year high of $8.00.
In other news, Director Nicolas Sokolow bought 5,076 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average price of $7.26 per share, with a total value of $36,851.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. purchased a new stake in shares of Clarus in the second quarter worth about $232,000. Rhumbline Advisers acquired a new stake in Clarus in the 2nd quarter worth $175,000. Bank of New York Mellon Corp grew its position in Clarus by 189.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 81,214 shares of the company’s stock worth $540,000 after purchasing an additional 53,137 shares during the last quarter. Teachers Advisors LLC acquired a new stake in Clarus in the 2nd quarter worth $240,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Clarus in the 2nd quarter worth $363,000. 51.43% of the stock is currently owned by institutional investors.
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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