StockNews.com upgraded shares of Clarus (NASDAQ:CLAR – Get Rating) to a sell rating in a research note issued to investors on Monday morning.
Several other research firms have also recently commented on CLAR. DA Davidson cut shares of Clarus from a buy rating to a neutral rating and reduced their target price for the stock from $31.00 to $9.00 in a research note on Tuesday, November 8th. Roth Capital cut their price target on shares of Clarus from $28.00 to $16.00 in a report on Monday, November 7th. Finally, Lake Street Capital cut their price target on shares of Clarus from $22.00 to $20.00 and set a buy rating for the company in a report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $22.00.
Clarus Stock Down 6.5 %
CLAR stock opened at $9.22 on Monday. Clarus has a one year low of $6.86 and a one year high of $29.32. The stock has a market capitalization of $341.79 million, a PE ratio of -4.83, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.42 and a current ratio of 3.69. The company has a fifty day moving average of $9.35 and a 200-day moving average of $11.19.
Clarus Announces Dividend
Hedge Funds Weigh In On Clarus
Several hedge funds have recently added to or reduced their stakes in CLAR. Ensign Peak Advisors Inc purchased a new position in Clarus during the 3rd quarter valued at about $32,000. Lazard Asset Management LLC boosted its stake in shares of Clarus by 784.6% during the 2nd quarter. Lazard Asset Management LLC now owns 4,308 shares of the company’s stock worth $81,000 after purchasing an additional 3,821 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of Clarus during the 4th quarter worth about $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Clarus by 112.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,296 shares of the company’s stock worth $98,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Clarus by 21.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock worth $112,000 after purchasing an additional 857 shares during the last quarter. 90.53% of the stock is currently owned by hedge funds and other institutional investors.
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 following segments: Outdoor, Precision Sport, and Adventure. The Outdoor segment manufactures outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities.
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