Clarus Corporation (NASDAQ:CLAR) Given Average Rating of “Hold” by Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.0625.

CLAR has been the subject of several research analyst reports. Zacks Research cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. B. Riley Financial boosted their price target on shares of Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Roth Capital raised their price objective on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research report on Monday, August 31st.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.55 on Tuesday. Clarus has a 1 year low of $2.53 and a 1 year high of $3.97. The stock has a market cap of $136.46 million, a P/E ratio of -4.33 and a beta of 1.08. The stock has a 50-day simple moving average of $3.52 and a 200-day simple moving average of $3.12.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.25. The firm had revenue of $56.16 million during the quarter, compared to the consensus estimate of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. On average, equities research analysts predict that Clarus will post 0.26 EPS for the current year.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, August 17th. Clarus’s dividend payout ratio (DPR) is currently -12.20%.

Institutional Investors Weigh In On Clarus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of Clarus in the second quarter valued at approximately $33,000. Abel Hall LLC purchased a new position in shares of Clarus during the fourth quarter worth approximately $39,000. Verition Fund Management LLC acquired a new position in shares of Clarus in the 3rd quarter valued at $50,000. Quadrature Capital Ltd acquired a new position in shares of Clarus in the 4th quarter valued at $56,000. Finally, Virtu Financial LLC purchased a new stake in Clarus in the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

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.