Clarus (NASDAQ:CLAR) Upgraded at StockNews.com

Clarus (NASDAQ:CLAR) was upgraded by StockNews.com to a “sell” rating in a report released on Thursday.

A number of other research firms also recently commented on CLAR. Jefferies Financial Group reiterated a “hold” rating and issued a $7.00 target price (down from $13.00) on shares of Clarus in a research report on Thursday, January 4th. Roth Mkm boosted their target price on Clarus from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, B. Riley decreased their price objective on Clarus from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Clarus currently has a consensus rating of “Hold” and an average target price of $9.75.

Clarus Stock Performance

NASDAQ:CLAR opened at $6.09 on Thursday. The stock has a 50-day simple moving average of $6.27 and a two-hundred day simple moving average of $6.09. Clarus has a 52-week low of $4.77 and a 52-week high of $10.04. The firm has a market capitalization of $232.88 million, a PE ratio of -22.55 and a beta of 0.90.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The business had revenue of $76.50 million during the quarter, compared to the consensus estimate of $84.45 million. Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. Equities analysts forecast that Clarus will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Clarus

Several hedge funds and other institutional investors have recently made changes to their positions in CLAR. Advisor Group Holdings Inc. grew its position 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 valued at $112,000 after acquiring an additional 857 shares during the period. Bank of New York Mellon Corp boosted its holdings in Clarus by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 206,136 shares of the company’s stock worth $4,695,000 after buying an additional 6,420 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Clarus by 65.3% in the 1st quarter. MetLife Investment Management LLC now owns 14,919 shares of the company’s stock worth $340,000 after buying an additional 5,893 shares during the last quarter. BlackRock Inc. boosted its holdings in Clarus by 2.6% in the 1st quarter. BlackRock Inc. now owns 1,649,727 shares of the company’s stock worth $37,580,000 after buying an additional 42,369 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Clarus by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 682,042 shares of the company’s stock worth $15,538,000 after purchasing an additional 35,333 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.