Clarus (NASDAQ:CLAR) Stock Rating Lowered by TheStreet


Clarus (NASDAQ:CLAR – Get Valuation) was downgraded from a “b-” rating to a “c+” rating by equity analysts at TheStreet in a report published on Thursday, reports TheStreetRatingsTable.

CLAR has been the subject of a number of other reports. Stifel Nicolaus lowered his price target on Clarus to $24.00 from $27.00 and gave the stock a “buy” rating in a report on Wednesday, July 20. Raymond James downgraded Clarus from an outperform rating to a market perform rating in a report Thursday, August 18. One equities research analyst has rated the stock with a sell rating, one with a hold rating and four with a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.20.

Clarus shares down 0.8%

NASDAQ:CLAR shares opened at $12.37 on Thursday. Clarus has a 52-week low of $11.93 and a 52-week high of $31.19. The company has a market cap of $462.39 million, a P/E of 17.42, a P/E of 0.56 and a beta of 1.03. The stock has a 50-day moving average price of $19.81 and a 200-day moving average price of $20.80. The company has a debt to equity ratio of 0.38, a quick ratio of 1.41 and a current ratio of 3.63.

Clarus (NASDAQ:CLAR – Get Rating) last released its quarterly earnings results on Monday, August 1st. The company reported earnings per share of $0.25 for the quarter, missing the consensus estimate of $0.31 ($0.06). Clarus had a return on equity of 14.84% and a net margin of 6.07%. The company had revenue of $114.93 million for the quarter, compared to analysts’ expectations of $110.10 million. In the same quarter last year, the company earned $0.15 per share. As a group, equity analysts expect Clarus to post 1.25 EPS for the current fiscal year.

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Insider buying and selling

In other news, Director Donald House sold 10,000 shares of Clarus in a transaction that took place on Tuesday, August 23rd. The shares were sold at an average price of $28.24 for a total transaction of $282,400.00. Following the completion of the sale, the director now owns 150,000 shares of the company valued at $4,236,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In other Clarus news, on Tuesday, August 23, Director Donald House sold 10,000 Clarus shares in one transaction. The shares sold at an average price of $28.24 for a total value of $282,400.00. Following the transaction, the director now directly owns 150,000 shares of the company valued at $4,236,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also on Wednesday, August 17, Director Michael A. Henning sold 25,000 Clarus shares in a transaction. The stock sold at an average price of $28.56 for a total transaction of $714,000.00. Following the closing of the transaction, the Director now directly owns 142,500 shares of the Company valued at $4,069,800. The disclosure for this sale can be found here. 24.10% of the shares are currently owned by company insiders.

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Hedge funds rely on Clarus

Several institutional investors and hedge funds have recently bought and sold shares in CLAR. Advisor Group Holdings Inc. increased its stake in Clarus by 19.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,063 shares of the company’s stock valued at $111,000 after purchasing an additional 663 shares last quarter. Envestnet Asset Management Inc. acquired a new stake in Clarus stock valued at $228,000 during the fourth quarter. Dimensional Fund Advisors LP increased its holdings of Clarus shares by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 646,709 shares of the company’s stock valued at $17,927,000 after purchasing an additional 1,622 shares last quarter. BNP Paribas Arbitrage SA increased its holding in Clarus shares by 83.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 7,918 shares of the company, valued at $219,000, after purchasing an additional 3,613 shares last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Clarus stock valued at $639,000 during the fourth quarter. 89.69% of the shares are owned by hedge funds and other institutional investors.

Clarus company profile

(received rating)

Clarus Corporation designs, manufactures and distributes outdoor gear and lifestyle products with a focus on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa and South America. The outdoor segment offers activity-based apparel such as shells, insulation, mid-layers, trousers and logowear; climbing shoes and equipment including carabiners, protective devices, harnesses, belay devices, helmets and ice climbing equipment; technical backpacks and daypacks; walking stick; searchlights and lanterns; gloves and mittens; skin care and other products; and skis, ski poles, ski skins and snow safety products such as avalanche airbag systems, avalanche transceivers, shovels and probes.

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Analyst Recommendations for Clarus (NASDAQ:CLAR)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

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