Clarus (NASDAQ:CLAR) Given New $5.00 Price Target at Lake Street Capital

Clarus (NASDAQ:CLAR) had its target price lowered by equities researchers at Lake Street Capital from $5.50 to $5.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 12.87% from the stock’s current price.

Clarus Stock Performance

CLAR stock traded up $0.17 on Friday, reaching $4.43. The company had a trading volume of 305,429 shares, compared to its average volume of 132,164. The company’s fifty day moving average is $4.66 and its 200 day moving average is $4.53. The company has a market cap of $169.94 million, a P/E ratio of 34.08 and a beta of 0.82. Clarus has a 1 year low of $3.89 and a 1 year high of $7.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CLAR. Russell Investments Group Ltd. increased its stake in Clarus by 2.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,343,581 shares of the company’s stock valued at $6,060,000 after purchasing an additional 28,248 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Clarus by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company’s stock valued at $5,388,000 after acquiring an additional 134,627 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Clarus by 34.3% during the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after acquiring an additional 200,500 shares during the period. Geode Capital Management LLC boosted its position in shares of Clarus by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 714,376 shares of the company’s stock worth $3,222,000 after acquiring an additional 6,175 shares during the last quarter. Finally, State Street Corp grew its holdings in Clarus by 0.7% in the third quarter. State Street Corp now owns 566,027 shares of the company’s stock valued at $2,547,000 after purchasing an additional 3,789 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

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.