Clarus (NASDAQ:CLAR) Price Target Increased to $9.00 by Analysts at B. Riley

Clarus (NASDAQ:CLAR) had its price objective increased by analysts at B. Riley from $8.00 to $9.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 32.94% from the company’s previous close.

A number of other research analysts have also recently commented on the company. StockNews.com upgraded Clarus to a “sell” rating in a research note on Thursday, April 11th. Roth Mkm upped their price objective on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. 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. According to data from MarketBeat, Clarus presently has an average rating of “Hold” and a consensus target price of $9.92.

Clarus Stock Down 3.4 %

NASDAQ:CLAR opened at $6.77 on Monday. The firm has a market capitalization of $259.29 million, a PE ratio of 26.04 and a beta of 0.90. Clarus has a twelve month low of $4.77 and a twelve month high of $9.58. The stock’s 50-day simple moving average is $6.41 and its 200 day simple moving average is $6.08.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results 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 company had revenue of $76.50 million during the quarter, compared to analyst estimates of $84.45 million. Clarus had a net margin of 3.08% and a return on equity of 1.01%. On average, analysts anticipate that Clarus will post -0.01 EPS for the current fiscal year.

Institutional Trading of Clarus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Clarus during the third quarter worth $31,000. Aigen Investment Management LP acquired a new stake in Clarus during the third quarter worth approximately $92,000. SG Americas Securities LLC bought a new stake in Clarus in the third quarter worth approximately $94,000. SRS Capital Advisors Inc. bought a new position in shares of Clarus during the 3rd quarter worth approximately $109,000. Finally, BNP Paribas Financial Markets grew its position in shares of Clarus by 71.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after buying an additional 6,213 shares during the period. Institutional investors and hedge funds 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.