Clarus (NASDAQ:CLAR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Clarus (NASDAQ:CLAR) from a sell rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Clarus has a consensus rating of “Hold” and a consensus price target of $4.75.

Clarus Price Performance

CLAR stock opened at $3.51 on Friday. The stock has a market capitalization of $134.78 million, a P/E ratio of -1.66 and a beta of 1.09. The business has a 50-day moving average of $3.41 and a 200-day moving average of $3.50. Clarus has a fifty-two week low of $3.02 and a fifty-two week high of $5.29.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $69.35 million during the quarter, compared to the consensus estimate of $66.43 million. Clarus had a negative return on equity of 4.30% and a negative net margin of 31.52%. Equities analysts expect that Clarus will post -0.06 EPS for the current year.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.8%. Clarus’s payout ratio is -4.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Clarus by 19.6% in the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock worth $81,000 after acquiring an additional 3,845 shares during the period. Gabelli Funds LLC raised its stake in shares of Clarus by 9.1% during the 1st quarter. Gabelli Funds LLC now owns 60,000 shares of the company’s stock valued at $225,000 after purchasing an additional 5,000 shares during the period. Peapod Lane Capital LLC lifted its holdings in Clarus by 1.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock worth $1,684,000 after purchasing an additional 6,215 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Clarus by 7,774.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company’s stock worth $31,000 after purchasing an additional 8,707 shares during the period. Finally, Lepercq De Neuflize Asset Management LLC grew its holdings in Clarus by 45.0% during the 2nd quarter. Lepercq De Neuflize Asset Management LLC now owns 32,200 shares of the company’s stock valued at $112,000 after buying an additional 10,000 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.