Clarus Corporation (NASDAQ:CLAR) Receives Consensus Recommendation of “Hold” from Analysts

Clarus Corporation (NASDAQ:CLAR) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.0625.

CLAR has been the topic of a number of research analyst reports. B. Riley Financial boosted their price objective on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a report on Wednesday, June 3rd. Zacks Research lowered Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Roth Capital upped their target price on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a report on Monday. Finally, Stifel Nicolaus set a $5.00 price target on shares of Clarus in a research report on Thursday, April 16th.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.79 on Friday. Clarus has a 1 year low of $2.53 and a 1 year high of $4.03. The stock has a fifty day moving average price of $3.26 and a two-hundred day moving average price of $3.09. The stock has a market capitalization of $145.69 million, a price-to-earnings ratio of -4.62 and a beta of 1.05.

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

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.025 per share. The ex-dividend date is Monday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.6%. Clarus’s payout ratio is -12.20%.

Hedge Funds Weigh In On Clarus

Several institutional investors have recently added to or reduced their stakes in the business. Ieq Capital LLC purchased a new position in shares of Clarus during the 2nd quarter worth about $69,000. BlackRock Inc. purchased a new position in shares of Clarus in the 2nd quarter worth $1,454,000. Bank of New York Mellon Corp purchased a new position in shares of Clarus in the 2nd quarter worth $557,000. GSA Capital Partners LLP acquired a new position in Clarus in the second quarter valued at $652,000. Finally, Marquette Asset Management LLC acquired a new position in Clarus in the second quarter valued at $92,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

About Clarus

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.