Clarus Corporation (NASDAQ:CLAR) Receives Consensus Rating of “Hold” from Analysts

Clarus Corporation (NASDAQ:CLAR) has earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.6333.

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Roth Mkm set a $2.90 target price on shares of Clarus in a research report on Wednesday. Lake Street Capital dropped their target price on shares of Clarus from $3.50 to $3.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus set a $5.00 target price on shares of Clarus in a research report on Thursday, April 16th. Finally, Zacks Research raised shares of Clarus from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th.

Clarus Trading Down 8.4%

CLAR stock opened at $2.63 on Wednesday. Clarus has a 52 week low of $2.58 and a 52 week high of $4.03. The company has a market capitalization of $101.10 million, a price-to-earnings ratio of -2.27 and a beta of 1.02. The firm’s 50-day moving average is $2.80 and its two-hundred day moving average is $3.23.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Clarus had a negative net margin of 17.70% and a negative return on equity of 0.11%. The company had revenue of $65.41 million for the quarter, compared to the consensus estimate of $68.67 million. On average, equities research analysts predict that Clarus will post 0.08 earnings per share for the current year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, May 18th. Clarus’s dividend payout ratio (DPR) is -8.62%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Clarus by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock valued at $2,354,000 after acquiring an additional 3,611 shares during the last quarter. Barclays PLC lifted its stake in shares of Clarus by 11.1% in the fourth quarter. Barclays PLC now owns 46,299 shares of the company’s stock worth $155,000 after buying an additional 4,644 shares during the last quarter. Gabelli Funds LLC raised its stake in Clarus by 16.7% during the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock valued at $243,000 after purchasing an additional 10,000 shares during the last quarter. Jane Street Group LLC raised its stake in Clarus by 35.4% during the 2nd quarter. Jane Street Group LLC now owns 38,569 shares of the company’s stock valued at $134,000 after purchasing an additional 10,094 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Clarus by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 33,099 shares of the company’s stock valued at $111,000 after purchasing an additional 10,465 shares during the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.