Zacks Investment Research lowered shares of Clarus (NASDAQ:CLAR – Get Rating) from a strong-buy rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.
According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “
A number of other brokerages also recently issued reports on CLAR. StockNews.com started coverage on shares of Clarus in a research report on Thursday, March 31st. They issued a sell rating on the stock. Raymond James dropped their price target on shares of Clarus from $34.00 to $28.00 and set an outperform rating on the stock in a research report on Tuesday, March 8th. Finally, DA Davidson boosted their price target on shares of Clarus from $38.50 to $42.00 and gave the stock a buy rating in a research report on Tuesday, March 8th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Clarus currently has a consensus rating of Buy and an average target price of $31.86.
CLAR opened at $19.50 on Tuesday. Clarus has a fifty-two week low of $19.27 and a fifty-two week high of $32.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.11 and a quick ratio of 1.34. The firm has a market capitalization of $725.38 million, a price-to-earnings ratio of 27.08 and a beta of 0.90. The company’s 50 day moving average price is $22.36 and its two-hundred day moving average price is $24.41.
Clarus (NASDAQ:CLAR – Get Rating) last posted its earnings results on Monday, March 7th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Clarus had a net margin of 6.94% and a return on equity of 16.43%. The firm had revenue of $118.18 million for the quarter, compared to analyst estimates of $106.52 million. During the same period in the previous year, the firm posted $0.31 EPS. As a group, equities research analysts predict that Clarus will post 1.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Monday, May 9th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. Clarus’s payout ratio is presently 13.89%.
In related news, Director Nicolas Sokolow sold 10,000 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $24.21, for a total transaction of $242,100.00. …….