Kennedy Capital Management LLC Acquires 11,628 Shares of Clarus Co. (NASDAQ:CLAR)

Kennedy Capital Management LLC boosted its holdings in Clarus Co. (NASDAQ:CLAR) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,669 shares of the company’s stock after purchasing an additional 11,628 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.68% of Clarus worth $1,746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CLAR. Russell Investments Group Ltd. increased its holdings in Clarus by 16.1% in the 1st quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock valued at $4,310,000 after acquiring an additional 88,694 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Clarus by 35.0% in the first quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock worth $3,569,000 after purchasing an additional 137,000 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its position in shares of Clarus by 348.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock worth $3,199,000 after buying an additional 360,583 shares in the last quarter. Parthenon LLC boosted its stake in Clarus by 8.1% during the first quarter. Parthenon LLC now owns 200,164 shares of the company’s stock valued at $1,351,000 after buying an additional 15,000 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Clarus by 51.0% during the 4th quarter. M&T Bank Corp now owns 98,790 shares of the company’s stock valued at $682,000 after buying an additional 33,374 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLAR shares. B. Riley increased their price objective on shares of Clarus from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, May 6th. StockNews.com upgraded shares of Clarus to a “sell” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Clarus has a consensus rating of “Hold” and a consensus price target of $9.92.

Clarus Price Performance

CLAR stock opened at $6.04 on Thursday. Clarus Co. has a 12 month low of $4.77 and a 12 month high of $9.38. The firm’s 50-day moving average is $6.43 and its 200 day moving average is $6.36. The company has a market capitalization of $231.33 million, a PE ratio of 23.23 and a beta of 0.89.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $69.31 million for the quarter, compared to analysts’ expectations of $64.20 million. Clarus had a return on equity of 1.01% and a net margin of 3.08%. Sell-side analysts forecast that Clarus Co. will post 0.14 EPS for the current fiscal year.

Clarus 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.