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

Clarus Corporation (NASDAQ:CLAR) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $3.6333.

CLAR has been the subject of a number of recent analyst reports. Zacks Research cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Roth Capital set a $2.90 price objective on shares of Clarus in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Stifel Nicolaus set a $5.00 target price on Clarus in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a research note on Wednesday, June 3rd.

Hedge Funds Weigh In On Clarus

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of Clarus by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock worth $620,000 after purchasing an additional 10,873 shares during the last quarter. Jane Street Group LLC purchased a new stake in Clarus in the first quarter worth about $107,000. Marshall Wace LLP purchased a new stake in shares of Clarus in the 2nd quarter worth approximately $100,000. Gabelli Funds LLC boosted its stake 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 in the last quarter. Institutional investors own 90.30% of the company’s stock.

Clarus Price Performance

CLAR stock opened at $3.26 on Monday. Clarus has a twelve month low of $2.53 and a twelve month high of $4.03. The stock has a market capitalization of $125.31 million, a price-to-earnings ratio of -2.81 and a beta of 1.07. The firm’s fifty day simple moving average is $3.12 and its two-hundred day simple moving average is $3.11.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a dividend of $0.025 per share. The ex-dividend date was Monday, May 18th. This represents a $0.10 dividend on an annualized basis and a yield of 3.1%. Clarus’s payout ratio is presently -8.62%.

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.