Clarus Corporation (NASDAQ:CLAR) Receives $4.75 Consensus Price Target from Brokerages

Clarus Corporation (NASDAQ:CLAR) has received an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.75.

Several brokerages recently issued reports on CLAR. Weiss Ratings restated a “sell (d)” rating on shares of Clarus in a report on Monday, December 29th. Wall Street Zen upgraded Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th.

Institutional Trading of Clarus

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in Clarus by 19.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock valued at $81,000 after buying an additional 3,845 shares during the last quarter. Peapod Lane Capital LLC grew its position in shares of Clarus by 1.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock valued at $1,684,000 after acquiring an additional 6,215 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Clarus by 7,774.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company’s stock worth $31,000 after purchasing an additional 8,707 shares in the last quarter. Lepercq De Neuflize Asset Management LLC raised its holdings in Clarus by 45.0% in the 2nd quarter. Lepercq De Neuflize Asset Management LLC now owns 32,200 shares of the company’s stock worth $112,000 after purchasing an additional 10,000 shares during the period. Finally, Gabelli Funds LLC lifted its position in 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. 90.30% of the stock is currently owned by institutional investors.

Clarus Trading Down 2.3%

CLAR stock opened at $3.74 on Friday. The stock’s 50 day simple moving average is $3.47 and its 200 day simple moving average is $3.52. Clarus has a 12-month low of $3.02 and a 12-month high of $5.08. The stock has a market capitalization of $143.62 million, a PE ratio of -1.77 and a beta of 1.08.

Clarus (NASDAQ:CLAR) last posted 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). The business had revenue of $69.35 million during the quarter, compared to analysts’ expectations of $66.43 million. Clarus had a negative return on equity of 4.30% and a negative net margin of 31.52%. On average, research analysts predict that Clarus will post -0.06 earnings per share for the current year.

Clarus Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.7%. Clarus’s dividend payout ratio is presently -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.