Clarus (NASDAQ:CLAR) Upgraded by StockNews.com to Sell

StockNews.com upgraded shares of Clarus (NASDAQ:CLARGet Rating) to a sell rating in a research note issued to investors on Monday morning.

A number of other brokerages also recently commented on CLAR. TheStreet downgraded Clarus from a b- rating to a c+ rating in a report on Thursday, September 22nd. Lake Street Capital reduced their target price on Clarus from $35.00 to $22.00 in a report on Tuesday, November 8th. Raymond James downgraded Clarus from an outperform rating to a market perform rating in a report on Thursday, August 18th. Roth Capital reduced their target price on Clarus from $28.00 to $16.00 in a report on Monday, November 7th. Finally, DA Davidson downgraded Clarus from a buy rating to a neutral rating and reduced their target price for the stock from $31.00 to $9.00 in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Clarus has an average rating of Hold and an average target price of $25.25.

Clarus Price Performance

CLAR stock opened at $7.62 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 4.20. Clarus has a 1 year low of $7.16 and a 1 year high of $29.32. The firm has a market cap of $284.84 million, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.46 and a beta of 0.97. The stock has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $17.33.

Clarus (NASDAQ:CLARGet Rating) last posted its earnings results on Monday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.12). The company had revenue of $115.72 million during the quarter, compared to analyst estimates of $118.08 million. Clarus had a net margin of 5.60% and a return on equity of 12.09%. On average, equities analysts predict that Clarus will post 0.89 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Monday, November 14th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 10th. Clarus’s dividend payout ratio (DPR) is 15.38%.

Insider Buying and Selling

In other Clarus news, COO Aaron Kuehne bought 4,092 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were purchased at an average cost of $12.21 per share, for a total transaction of $49,963.32. Following the transaction, the chief operating officer now directly owns 95,248 shares in the company, valued at $1,162,978.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 24.10% of the company’s stock.

Hedge Funds Weigh In On Clarus

Several hedge funds have recently modified their holdings of the company. Brown Advisory Inc. increased its position in shares of Clarus by 36.6% during the 3rd quarter. Brown Advisory Inc. now owns 4,482,048 shares of the company’s stock valued at $60,373,000 after purchasing an additional 1,200,852 shares during the period. BlackRock Inc. boosted its stake in shares of Clarus by 2.6% during the 1st quarter. BlackRock Inc. now owns 1,649,727 shares of the company’s stock worth $37,580,000 after acquiring an additional 42,369 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Clarus by 6.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,633,160 shares of the company’s stock worth $21,998,000 after acquiring an additional 99,606 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Clarus by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,424,869 shares of the company’s stock worth $19,193,000 after acquiring an additional 44,713 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in shares of Clarus by 34.7% during the 3rd quarter. Congress Asset Management Co. MA now owns 922,151 shares of the company’s stock worth $12,421,000 after acquiring an additional 237,357 shares in the last quarter. 89.69% of the stock is currently owned by institutional investors and hedge funds.

About Clarus

(Get Rating)

Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Its Outdoor segment offers activity-based apparel, 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; skincare and other products; and skis, ski poles, ski skins, and snow safety products, such as avalanche airbag systems, avalanche transceivers, shovels, and probes.

Featured Stories

Analyst Recommendations for Clarus (NASDAQ:CLAR)

Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.