Macquarie initiated coverage on shares of Clarus (NASDAQ:CLAR) in a research report report published on Friday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $20.00 target price on the stock.
Several other equities analysts have also weighed in on CLAR. Zacks Investment Research upgraded shares of General Moly from a sell rating to a hold rating in a research report on Thursday, July 11th. BidaskClub lowered shares of Xilinx from a buy rating to a hold rating in a research report on Saturday, June 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Clarus presently has an average rating of Buy and a consensus target price of $15.20.
Shares of CLAR opened at $14.45 on Friday. The firm has a 50-day moving average of $13.74. The company has a market cap of $431.03 million, a price-to-earnings ratio of 22.18, a PEG ratio of 2.07 and a beta of 1.34. The company has a quick ratio of 2.22, a current ratio of 5.25 and a debt-to-equity ratio of 0.11. Clarus has a 52-week low of $7.85 and a 52-week high of $15.10.
Clarus (NASDAQ:CLAR) last announced its earnings results on Monday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $61.22 million during the quarter, compared to analyst estimates of $58.13 million. Clarus had a net margin of 4.85% and a return on equity of 11.92%. As a group, research analysts anticipate that Clarus will post 0.69 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Clarus during the fourth quarter valued at about $58,000. Metropolitan Life Insurance Co. NY purchased a new stake in Clarus during the fourth quarter valued at about $77,000. MetLife Investment Advisors LLC purchased a new stake in Clarus during the fourth quarter valued at about $105,000. Strs Ohio purchased a new stake in Clarus during the first quarter valued at about $108,000. Finally, Squarepoint Ops LLC lifted its position in shares of Clarus by 10.3% in the fourth quarter. Squarepoint Ops LLC now owns 12,332 shares of the company’s stock worth $125,000 after purchasing an additional 1,151 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
Further Reading: Bid-Ask Spread
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