Zacks Investment Research downgraded shares of Clarus (NASDAQ:CLAR) from a strong-buy rating to a hold rating in a report released on Tuesday morning.

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. “

Other equities analysts have also issued reports about the company. TheStreet raised Clarus from a c+ rating to a b rating in a research report on Friday, November 23rd. BidaskClub downgraded Clarus from a strong-buy rating to a buy rating in a report on Wednesday, October 31st. ValuEngine upgraded Clarus from a hold rating to a buy rating in a report on Wednesday, January 2nd. Finally, Roth Capital upgraded Clarus from a neutral rating to a buy rating and boosted their price target for the company from $9.50 to $13.00 in a report on Monday, October 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $12.25.

Shares of NASDAQ CLAR traded down $0.22 during mid-day trading on Tuesday, hitting $10.07. 77,059 shares of the company were exchanged, compared to its average volume of 85,525. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.94 and a quick ratio of 2.14. Clarus has a 1-year low of $6.35 and a 1-year high of $12.00. The company has a market cap of $309.85 million, a PE ratio of 83.92, a P/E/G ratio of 1.57 and a beta of 1.37.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $55.69 million during the quarter, compared to analysts’ expectations of $53.27 million. Clarus had a return on equity of 9.59% and a net margin of 4.71%. Analysts anticipate that Clarus will post 0.53 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new position in Clarus during the third quarter valued at $145,000. Engineers Gate Manager LP acquired a new position in Clarus during the third quarter valued at $187,000. Bank of America Corp DE raised its position in Clarus by 62.5% during the second quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock valued at $309,000 after buying an additional 14,401 shares during the period. Citadel Advisors LLC acquired a new position in Clarus during the third quarter valued at $335,000. Finally, GSA Capital Partners LLP raised its position in Clarus by 183.8% during the second quarter. GSA Capital Partners LLP now owns 45,856 shares of the company’s stock valued at $378,000 after buying an additional 29,700 shares during the period. 51.80% of the stock is currently owned by hedge funds and other institutional investors.

About Clarus

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

Recommended Story: Short Selling Stocks and Day Traders

Get a free copy of the Zacks research report on Clarus (CLAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.