Clarus Corporation (NASDAQ:CLAR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Clarus Corporation (NASDAQ:CLAR) have earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.75.

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research note on Monday, December 29th.

Institutional Investors Weigh In On Clarus

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its holdings in Clarus by 3.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company’s stock valued at $3,322,000 after acquiring an additional 30,500 shares during the period. Strs Ohio bought a new position in shares of Clarus in the first quarter worth $425,000. Parthenon LLC grew its position in shares of Clarus by 32.8% in the second quarter. Parthenon LLC now owns 438,137 shares of the company’s stock valued at $1,520,000 after purchasing an additional 108,097 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Clarus by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock valued at $620,000 after purchasing an additional 10,873 shares during the period. Finally, Abel Hall LLC purchased a new stake in Clarus during the 2nd quarter worth about $37,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Stock Performance

CLAR stock opened at $3.61 on Friday. The stock’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.51. The company has a market cap of $138.62 million, a P/E ratio of -1.71 and a beta of 1.08. Clarus has a fifty-two week low of $3.02 and a fifty-two week high of $5.08.

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

Clarus Announces Dividend

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

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.