Q3 2022 EPS Estimates for Clarus Co. Decreased by William Blair (NASDAQ:CLAR)

Clarus Co. (NASDAQ:CLARGet Rating) – Stock analysts at William Blair decreased their Q3 2022 earnings per share estimates for shares of Clarus in a note issued to investors on Tuesday, August 2nd. William Blair analyst R. Sundby now expects that the company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.44. The consensus estimate for Clarus’ current full-year earnings is $1.47 per share. William Blair also issued estimates for Clarus’ Q4 2022 earnings at $0.36 EPS, FY2022 earnings at $1.20 EPS and FY2023 earnings at $1.60 EPS.

Clarus (NASDAQ:CLARGet Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Clarus had a net margin of 6.07% and a return on equity of 14.84%. During the same period in the previous year, the firm earned $0.15 EPS.

A number of other equities analysts have also recently commented on CLAR. DA Davidson decreased their price target on Clarus from $42.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 11th. StockNews.com raised Clarus to a “sell” rating in a research note on Friday, May 20th. Stifel Nicolaus decreased their price target on Clarus from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. TheStreet lowered Clarus from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Finally, Raymond James cut their price objective on Clarus from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.20.

Clarus Price Performance

Shares of Clarus stock opened at $20.53 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.63 and a quick ratio of 1.27. The business’s 50 day simple moving average is $19.99 and its two-hundred day simple moving average is $21.44. The stock has a market capitalization of $767.31 million, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 0.78 and a beta of 0.95. Clarus has a one year low of $17.43 and a one year high of $31.19.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, August 8th will be given a $0.025 dividend. The ex-dividend date is Friday, August 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.49%. Clarus’s dividend payout ratio is currently 14.08%.

Insider Transactions at Clarus

In related news, Chairman Warren B. Kanders sold 125,000 shares of Clarus stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $2,783,750.00. Following the sale, the chairman now directly owns 1,553,464 shares in the company, valued at $34,595,643.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Warren B. Kanders sold 125,000 shares of Clarus stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $2,783,750.00. Following the sale, the chairman now directly owns 1,553,464 shares in the company, valued at $34,595,643.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Warren B. Kanders sold 200,000 shares of Clarus stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $21.01, for a total value of $4,202,000.00. Following the sale, the chairman now owns 1,828,464 shares in the company, valued at $38,416,028.64. The disclosure for this sale can be found here. Corporate insiders own 26.30% of the company’s stock.

Institutional Investors Weigh In On Clarus

Hedge funds have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new stake in Clarus in the fourth quarter worth $44,000. Advisor Group Holdings Inc. boosted its holdings in Clarus by 19.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,063 shares of the company’s stock worth $111,000 after acquiring an additional 663 shares in the last quarter. Amalgamated Bank bought a new stake in Clarus in the first quarter worth $98,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Clarus in the fourth quarter worth $160,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Clarus by 83.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 7,918 shares of the company’s stock worth $219,000 after acquiring an additional 3,613 shares in the last quarter. 58.20% of the stock is currently owned by institutional investors.

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.

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