Clarus Corporation (NASDAQ: CLAR) stock fell -1.24% on Friday to $20.64 against a previous-day closing price of $20.90. With 1.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.54 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $21.25 whereas the lowest price it dropped to was $20.05. The 52-week range on CLAR shows that it touched its highest point at $32.36 and its lowest point at $17.43 during that stretch. It currently has a 1-year price target of $31.62. With its current market cap of 738.50 million, CLAR has annualized dividend of $0.10 while the current yield stands at 0.48%. Beta for the stock currently stands at 0.95.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLAR was up-trending over the past week, with a rise of 4.14%, but this was up by 4.14% over a month. Three-month performance dropped to -8.39% while six-month performance fell -9.67%. The stock lost -31.18% in the past year, while it has lost -25.54% so far this year. A look at the trailing 12-month EPS for CLAR yields 0.66 with Next year EPS estimates of 1.76. For the next quarter, that number is 0.36. This implies an EPS growth rate of 311.70% for this year and 1.55% for next year. EPS is expected to grow by 32.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.00%.
Float and Shares Shorts:
At present, 37.16 million CLAR shares are outstanding with a float of 24.88 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.76 million, which was 12.58% higher than short shares on Jun 14, 2022. In addition to Mr. Warren B. Kanders as the firm’s Exec. Chairman, Mr. John C. Walbrecht M.B.A. serves as its Pres.
Through their ownership of 77.92% of CLAR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.51% of CLAR, in contrast to 32.19% held by mutual funds. Shares owned by individuals account for 27.36%. As the largest shareholder in CLAR with 8.59% of the stake, Brown Advisory LLC holds 3,195,634 shares worth 3,195,634. A second-largest stockholder of CLAR, Greenhouse Funds LLLP, holds 2,676,895 shares, controlling over 7.19% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in CLAR, holding 2,227,653 shares or 5.98% stake. With a 2.83% stake in CLAR, the Brown Advisory Small Cap Growth F is the largest stakeholder. A total of 1,051,561 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.17% of CLAR stock, is the second-largest Mutual Fund holder. It holds 807,350 shares valued at 15.33 million. Fidelity Series Small Cap Opportu holds 2.00% of the stake in CLAR, owning 744,914 shares worth 14.15 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, CLAR reported revenue of $113.28M and operating income of $10.08M. Over the past year, revenue came in at $413.74M while operating income stood at $23.62M. It generated $5.31M net income for the quarter, which came to $25.73M over the last twelve months. The EBITDA in the recently reported quarter was $15.96M and diluted EPS was $0.13. EBITDA for the full year was $50.26M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLAR since 9 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLAR analysts setting a high price target of $40.00 and a low target of $24.00, the average target price over the next 12 months is $31.50. Based on these targets, CLAR could surge 93.8% to reach the target high and rise by 16.28% to reach the target low. Reaching the average price target will result in a growth of 52.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CLAR will report FY 2022 earnings on 03/06/2023. Analysts have provided yearly estimates in a range of $0.83 being high and $0.58 being low. For CLAR, this leads to a yearly average estimate of $0.65. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Clarus Corporation surprised analysts by -$0.05 when it reported $0.09 EPS against a consensus estimate of $0.14. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is $0.22 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.17.
Dividends & Yield:
In terms of dividends, CLAR has a current ratio of $0.1, which is $0.1 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and CLAR currently yields $0.48. In the past year, CLAR’s dividend yield has been $0.48. Accordingly, CLAR has a current buyback yield of $0.08. This was $0.08 for the TTM, and it was $1.76 for the past five years.
Summary of Insider Activity:
Insiders traded CLAR stock several times over the past three months with 2 Buys and 5 Sells. In these transactions, 15,000 shares were bought while 505,000 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 206,523 while 670,368 shares were sold.