Clarus Corporation (NASDAQ:CLAR) Given Consensus Rating of “Hold” by Brokerages

Clarus Corporation (NASDAQ:CLAR) has been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $4.0625.

A number of analysts have recently issued reports on CLAR shares. Roth Capital boosted their price objective on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a research report on Wednesday, June 3rd. Zacks Research cut Clarus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. B. Riley Financial lifted their price target on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research note on Saturday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Clarus by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,611 shares during the last quarter. Barclays PLC grew its holdings in shares of Clarus by 11.1% during the fourth quarter. Barclays PLC now owns 46,299 shares of the company’s stock worth $155,000 after purchasing an additional 4,644 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Clarus by 21.1% during the first quarter. Bank of America Corp DE now owns 34,602 shares of the company’s stock worth $94,000 after purchasing an additional 6,032 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Clarus by 16.7% in the second quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock valued at $243,000 after buying an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Clarus by 35.4% in the second quarter. Jane Street Group LLC now owns 38,569 shares of the company’s stock valued at $134,000 after buying an additional 10,094 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Clarus Stock Performance

NASDAQ CLAR opened at $3.62 on Friday. Clarus has a twelve month low of $2.53 and a twelve month high of $4.03. The stock has a market cap of $139.15 million, a PE ratio of -4.41 and a beta of 1.05. The firm has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $3.09.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.25. The firm had revenue of $56.16 million for the quarter, compared to analyst estimates of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%.

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.10 dividend on an annualized basis and a yield of 2.8%. Clarus’s payout ratio is presently -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.