Stifel Nicolaus Believes Clarus Corporation (NASDAQ: CLAR) Won’t Stop Here

By Jason Carr

Stifel Nicolaus analyst Jim Duffy reiterated a Buy rating on Clarus Corporation (NASDAQ: CLAR) yesterday and set a price target of $10. The company’s shares closed yesterday at $7.75, close to its 52-week high of $7.95.

According to TipRanks.com, Duffy is a 3-star analyst with an average return of 5.1% and a 59.1% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and G-III Apparel Group.

Clarus Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $8.83.

The company has a one-year high of $7.95 and a one-year low of $5. Currently, Clarus Corporation has an average volume of 71.52K.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLAR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Clarus Corp. 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. The company was founded in 1989 and is headquartered in Salt Lake City, UT.