Clarus Corporation (NASDAQ:CLAR) Given Average Recommendation of “Hold” by Brokerages

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

CLAR has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Clarus in a research note on Monday, August 31st. B. Riley Financial lifted their price objective on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” 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 report on Wednesday, May 27th. Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Roth Capital increased 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.

Hedge Funds Weigh In On Clarus

A number of institutional investors have recently added to or reduced their stakes in the stock. Potomac Capital Management Inc. acquired a new stake in shares of Clarus in the fourth quarter valued at about $3,244,000. BlackRock Inc. acquired a new position in shares of Clarus in the second quarter worth approximately $1,454,000. GSA Capital Partners LLP acquired a new position in shares of Clarus in the second quarter worth approximately $652,000. Bank of New York Mellon Corp bought a new stake in Clarus in the second quarter valued at approximately $557,000. Finally, LPL Financial LLC acquired a new stake in Clarus during the 4th quarter valued at approximately $480,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Price Performance

Shares of NASDAQ CLAR opened at $3.75 on Tuesday. The business’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $3.11. The company has a market cap of $144.15 million, a PE ratio of -4.57 and a beta of 1.08. Clarus has a twelve month low of $2.53 and a twelve month 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. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%.The company had revenue of $56.16 million during the quarter, compared to analysts’ expectations of $51.54 million. As a group, research analysts anticipate that Clarus will post 0.26 EPS for the current fiscal year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 17th. Clarus’s dividend payout ratio (DPR) is currently -12.20%.

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.