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

Clarus Corporation (NASDAQ:CLAR) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.06.

Several research analysts recently weighed in on CLAR shares. Wall Street Zen raised Clarus from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Clarus in a research report on Monday, August 31st. Roth Capital lifted their target price on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, B. Riley Financial upped their target price on Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a report on Monday, August 10th.

Clarus Stock Performance

Clarus stock opened at $3.41 on Friday. Clarus has a 52 week low of $2.53 and a 52 week high of $3.97. The firm has a market capitalization of $131.08 million, a price-to-earnings ratio of -4.16 and a beta of 1.10. The company has a 50 day moving average price of $3.59 and a 200 day moving average price of $3.18.

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

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a dividend of $0.0250 per share. This represents a $0.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 17th. Clarus’s dividend payout ratio (DPR) is currently -12.20%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CLAR. Potomac Capital Management Inc. acquired a new stake in shares of Clarus during the 4th quarter valued at $3,244,000. BlackRock Inc. purchased a new position in shares of Clarus during the 2nd quarter valued at $1,454,000. Gamco Investors INC. ET AL increased its stake in shares of Clarus by 11.1% in the first quarter. Gamco Investors INC. ET AL now owns 350,000 shares of the company’s stock worth $952,000 after acquiring an additional 35,000 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Clarus in the second quarter worth $652,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Clarus during the second quarter worth $557,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company. It develops, manufactures and distributes products designed for climbing, mountaineering, skiing, hiking, camping, vehicle-based adventure and other outdoor activities.

Its principal brand, Black Diamond Equipment, offers climbing and mountaineering gear, skis, ski equipment, trekking poles, packs, headlamps, apparel and other accessories. Clarus also markets vehicle-access and recovery products through Rhino-Rack and MAXTRAX, as well as avalanche safety equipment under the PIEPS brand.

Clarus sells its products through specialty outdoor retailers, sporting-goods stores, distributors, e-commerce channels and other international outlets.