Clarus (CLAR)

• Market cap: $126M
• 1 day: 2.11%
• 5 days: 3.67%
• 1 month: -2.31%
• 3 months: -32.06%
• 6 months: -22.95%
• Year to date: -25.82%
• 1 year: -50.07%
• 5 years: -61.03%
• 10 years: -63.74%
• Sector: Consumer Discretionary
• Industry: Leisure

About: Clarus Corp is a designer, developer, manufacturer, and distributor of outdoor equipment and lifestyle products focused on the climb, ski, mountain, sport, and skincare markets. The company operates through the Outdoor segment, which includes Black Diamond Equipment and PIEPS, is a world-wide leader in designing, manufacturing, and marketing outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities. The Adventure segment, which includes Rhino-Rack, MAXTRAX and TRED, is a manufacturer of engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, recovery boards and accessories in Australia and New Zealand and United States.

Employees: 470

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

33% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 33

4% less capital invested

Capital invested by funds: $106M [Q3] → $102M (-$4.32M) [Q4]

2.63% less ownership

Funds ownership: 61.6% [Q3] → 58.96% (-2.63%) [Q4]

7% less funds holding

Funds holding: 111 [Q3] → 103 (-8) [Q4]

35% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 20

78% less call options, than puts

Call options by funds: $87K | Put options by funds: $395K

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 18% upside
• Avg. target: $5.33 57% upside
• High target: $7 106% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Lake Street Mark Smith 24% 1-year accuracy 4 / 17 met price target	18% upside $4	Buy Maintained	9 May 2025
Stifel Jim Duffy 41% 1-year accuracy 16 / 39 met price target	106% upside $7	Buy Maintained	10 Apr 2025
B. Riley Securities Anna Glaessgen 23% 1-year accuracy 3 / 13 met price target	47% upside $5	Buy Maintained	10 Mar 2025