Analysts Set Clarus Corporation (NASDAQ:CLAR) Price Target at $4.06

Clarus Corporation (NASDAQ:CLAR) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.0625.

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research note on Wednesday, June 3rd. B. Riley Financial increased their price objective on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Monday, August 10th. Roth Capital lifted their price objective on shares of Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a research report on Monday, August 10th. Zacks Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Hedge Funds Weigh In On Clarus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLAR. Goldman Sachs Group Inc. raised its stake in 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 acquiring an additional 10,873 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Clarus in the first quarter worth $107,000. Marshall Wace LLP bought a new position in shares of Clarus in the second quarter worth $100,000. Gabelli Funds LLC increased its holdings in shares of Clarus by 16.7% during the second 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 period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Clarus by 344.8% during the third quarter. JPMorgan Chase & Co. now owns 66,498 shares of the company’s stock valued at $233,000 after purchasing an additional 51,548 shares during the period. 90.30% of the stock is owned by institutional investors.

Clarus Trading Down 3.2%

NASDAQ:CLAR opened at $3.61 on Friday. The stock has a 50 day moving average of $3.33 and a 200-day moving average of $3.09. The firm has a market capitalization of $138.77 million, a PE ratio of -4.40 and a beta of 1.05. Clarus has a 52 week low of $2.53 and a 52 week high of $4.03.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data 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 business had revenue of $56.16 million during the quarter, compared to analyst estimates of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. As a group, analysts predict that Clarus will post 0.26 EPS for the current fiscal year.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.8%. Clarus’s payout ratio is currently -12.20%.

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.