Clarus (NASDAQ:CLAR) Upgraded at StockNews.com

Clarus (NASDAQ:CLAR - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a report issued on Thursday.

Several other equities analysts have also commented on the stock. Roth Mkm upped their price target on shares of Clarus from $6.50 to $7.50 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. B. Riley cut their price target on shares of Clarus from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, March 7th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $7.00 price target (down from $13.00) on shares of Clarus in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Clarus has an average rating of "Hold" and a consensus price target of $9.75.

Clarus Stock Up 0.8 %

CLAR stock traded up $0.05 during trading on Thursday, hitting $6.38. 409,541 shares of the company's stock traded hands, compared to its average volume of 302,406. Clarus has a 52 week low of $4.77 and a 52 week high of $10.44. The stock has a fifty day moving average price of $6.27 and a two-hundred day moving average price of $6.10. The stock has a market capitalization of $243.95 million, a price-to-earnings ratio of -23.63 and a beta of 0.90.

Clarus (NASDAQ:CLAR - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $76.50 million for the quarter, compared to the consensus estimate of $84.45 million. Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. As a group, equities research analysts expect that Clarus will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in shares of Clarus by 77.8% in the first quarter. Thrivent Financial for Lutherans now owns 3,218,577 shares of the company's stock worth $30,415,000 after purchasing an additional 1,408,417 shares in the last quarter. Millennium Management LLC lifted its position in shares of Clarus by 3,616.8% in the second quarter. Millennium Management LLC now owns 624,723 shares of the company's stock worth $11,863,000 after purchasing an additional 607,915 shares in the last quarter. Marshall Wace LLP raised its position in Clarus by 270.1% during the fourth quarter. Marshall Wace LLP now owns 745,083 shares of the company's stock valued at $5,841,000 after acquiring an additional 543,765 shares in the last quarter. Greenhaven Road Investment Management L.P. raised its position in Clarus by 348.7% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company's stock valued at $3,199,000 after acquiring an additional 360,583 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Clarus by 588.2% during the second quarter. Dimensional Fund Advisors LP now owns 321,600 shares of the company's stock valued at $2,939,000 after acquiring an additional 274,868 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, 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; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.

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