Clarus (NASDAQ:CLAR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Clarus (NASDAQ:CLAR) from a hold rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

CLAR has been the topic of several other research reports. Roth Capital lifted their price target on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a report on Monday, August 10th. B. Riley Financial upped their price objective on shares of Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Clarus in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.06.

Clarus Price Performance

CLAR stock opened at $3.43 on Friday. Clarus has a 1 year low of $2.53 and a 1 year high of $3.97. The firm has a market capitalization of $131.85 million, a PE ratio of -4.18 and a beta of 1.08. The business has a 50 day simple moving average of $3.57 and a 200-day simple moving average of $3.15.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.25. The firm had revenue of $56.16 million for the quarter, compared to the consensus estimate of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. On average, equities research analysts expect that Clarus will post 0.26 EPS for the current year.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a dividend of $0.0250 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 annualized dividend and a yield of 2.9%. Clarus’s dividend payout ratio (DPR) is -12.20%.

Hedge Funds Weigh In On Clarus

Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its holdings in shares of Clarus by 88.8% during the 2nd quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock worth $401,000 after purchasing an additional 59,922 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Clarus during the 2nd quarter worth about $33,000. Empowered Funds LLC purchased a new stake in Clarus in the 2nd quarter valued at about $86,000. Corient Private Wealth LP purchased a new stake in Clarus in the 2nd quarter valued at about $122,000. Finally, Ieq Capital LLC acquired a new position in Clarus in the second quarter valued at about $69,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global company that designs, develops, manufactures and distributes outdoor equipment and related products. Its portfolio serves consumers and professionals in climbing, skiing, mountaineering, camping, cycling, trail sports, overlanding and other outdoor activities.

The company’s principal brands include Black Diamond Equipment, which offers climbing, mountain sports, ski and outdoor products; Rhino-Rack, which develops vehicle-based carrying and storage systems; and MAXTRAX, which produces vehicle recovery boards and related off-road equipment.