Clarus Corp (NASDAQ:CLAR) has been assigned an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.00.

A number of brokerages have issued reports on CLAR. BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Macquarie set a $79.00 target price on shares of Alaska Air Group and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday.

A number of hedge funds and other institutional investors have recently modified their holdings of CLAR. Morgan Stanley lifted its stake in Clarus by 34.8% in the 3rd quarter. Morgan Stanley now owns 143,462 shares of the company’s stock valued at $1,585,000 after buying an additional 37,006 shares in the last quarter. Rhumbline Advisers lifted its stake in Clarus by 46.3% in the 4th quarter. Rhumbline Advisers now owns 29,474 shares of the company’s stock valued at $298,000 after buying an additional 9,324 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Clarus during the 4th quarter worth $58,000. New York State Common Retirement Fund lifted its stake in shares of Clarus by 59.1% during the 4th quarter. New York State Common Retirement Fund now owns 26,327 shares of the company’s stock worth $266,000 after purchasing an additional 9,779 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Clarus by 2.5% during the 4th quarter. BlackRock Inc. now owns 1,149,559 shares of the company’s stock worth $11,634,000 after purchasing an additional 27,619 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CLAR stock traded up $0.04 during trading hours on Wednesday, hitting $14.46. 5,717 shares of the company were exchanged, compared to its average volume of 214,865. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.25 and a quick ratio of 2.22. Clarus has a one year low of $7.85 and a one year high of $15.10. The firm has a 50-day moving average price of $13.66. The company has a market cap of $431.03 million, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.07 and a beta of 1.34.

Clarus (NASDAQ:CLAR) last issued its earnings results on Monday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Clarus had a net margin of 4.85% and a return on equity of 11.92%. The firm had revenue of $61.22 million for the quarter, compared to analysts’ expectations of $58.13 million. As a group, sell-side analysts expect that Clarus will post 0.69 EPS for the current fiscal year.

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.

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