Analysts Set Clarus Corporation (NASDAQ:CLAR) Price Target at $4.75

Clarus Corporation (NASDAQ:CLAR) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.75.

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a research note on Monday, December 29th.

Hedge Funds Weigh In On Clarus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of Clarus by 4.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,398,258 shares of the company’s stock valued at $4,894,000 after buying an additional 58,821 shares during the period. Parthenon LLC boosted its position in shares of Clarus by 39.6% during the 4th quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after purchasing an additional 285,124 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Clarus by 3.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company’s stock worth $3,322,000 after purchasing an additional 30,500 shares during the period. Peapod Lane Capital LLC increased its holdings in shares of Clarus by 9.3% in the 3rd quarter. Peapod Lane Capital LLC now owns 530,183 shares of the company’s stock valued at $1,855,000 after purchasing an additional 44,963 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Clarus by 3.8% during the third quarter. Gamco Investors INC. ET AL now owns 315,000 shares of the company’s stock worth $1,102,000 after buying an additional 11,500 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Trading Up 1.4%

CLAR stock opened at $3.62 on Thursday. The business has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $3.52. Clarus has a twelve month low of $3.02 and a twelve month high of $5.00. The company has a market capitalization of $139.01 million, a P/E ratio of -1.72 and a beta of 1.10.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Clarus had a negative return on equity of 4.30% and a negative net margin of 31.52%.The business had revenue of $69.35 million for the quarter, compared to analysts’ expectations of $66.43 million. Research analysts predict that Clarus will post -0.06 EPS for the current fiscal year.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.