Zacks Investment Research upgraded shares of Clarus (NASDAQ:CLAR) from a hold rating to a buy rating in a research note released on Friday. Zacks Investment Research currently has $13.00 price objective on the stock.

According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “

Several other research analysts also recently commented on CLAR. BidaskClub upgraded shares of Clarus from a buy rating to a strong-buy rating in a report on Thursday. Stifel Nicolaus lifted their target price on shares of Clarus from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday, August 7th. Roth Capital set a $10.00 target price on shares of Clarus and gave the stock a hold rating in a report on Tuesday, August 7th. ValuEngine upgraded shares of Clarus from a hold rating to a buy rating in a report on Friday, August 3rd. Finally, Lake Street Capital lifted their target price on shares of Clarus to $12.00 and gave the stock a buy rating in a report on Tuesday, August 7th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $12.50.

Shares of Clarus stock traded down $0.21 during midday trading on Friday, reaching $11.49. 247,926 shares of the company’s stock traded hands, compared to its average volume of 118,463. The company has a market capitalization of $342.38 million, a P/E ratio of 95.75, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a current ratio of 4.94, a quick ratio of 1.72 and a debt-to-equity ratio of 0.14. Clarus has a 52 week low of $6.35 and a 52 week high of $12.00.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $55.69 million for the quarter, compared to the consensus estimate of $53.27 million. Clarus had a net margin of 4.71% and a return on equity of 9.59%. On average, equities research analysts predict that Clarus will post 0.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be issued a $0.025 dividend. The ex-dividend date is Thursday, November 1st. This represents a $0.10 annualized dividend and a yield of 0.87%. Clarus’s dividend payout ratio (DPR) is presently 83.33%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CLAR. Algert Global LLC acquired a new stake in Clarus in the 2nd quarter worth $106,000. Engineers Gate Manager LP acquired a new stake in Clarus in the 3rd quarter worth $187,000. Bank of America Corp DE grew its position in Clarus by 62.5% in the 2nd quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock worth $309,000 after purchasing an additional 14,401 shares during the last quarter. LPL Financial LLC acquired a new stake in Clarus in the 1st quarter worth $314,000. Finally, GSA Capital Partners LLP grew its position in Clarus by 183.8% in the 2nd quarter. GSA Capital Partners LLP now owns 45,856 shares of the company’s stock worth $378,000 after purchasing an additional 29,700 shares during the last quarter. Institutional investors own 51.87% of the company’s stock.

About Clarus

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

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