Clarus (NASDAQ:CLAR) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Clarus (NASDAQ:CLAR) in a research report released on Monday morning, Benzinga reports. The firm currently has a $13.00 price objective on the stock.

A number of other research firms have also recently commented on CLAR. StockNews.com assumed coverage on shares of Clarus in a research note on Wednesday, August 23rd. They set a hold rating for the company. B. Riley started coverage on shares of Clarus in a research note on Thursday, June 29th. They issued a buy rating and a $12.00 price target for the company. Lake Street Capital lowered their price objective on shares of Clarus from $20.00 to $14.00 and set a buy rating on the stock in a research report on Tuesday, August 8th. Finally, Bank of America dropped their price objective on shares of Clarus from $10.00 to $9.00 and set a neutral rating for the company in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $15.43.

Clarus Stock Performance

Shares of Clarus stock opened at $7.40 on Monday. Clarus has a 12 month low of $6.48 and a 12 month high of $14.31. The company has a quick ratio of 1.32, a current ratio of 3.89 and a debt-to-equity ratio of 0.40. The stock has a market cap of $277.09 million, a PE ratio of -3.44 and a beta of 0.96. The business has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $8.58.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Clarus had a positive return on equity of 7.09% and a negative net margin of 19.79%. The business had revenue of $83.73 million for the quarter, compared to analyst estimates of $91.92 million. On average, sell-side analysts anticipate that Clarus will post 0.71 EPS for the current fiscal year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were issued a dividend of $0.025 per share. The ex-dividend date was Friday, August 11th. This represents a $0.10 annualized dividend and a yield of 1.35%. Clarus’s payout ratio is presently -4.65%.

Institutional Trading of Clarus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Clarus by 77.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 3,218,577 shares of the company’s stock worth $30,415,000 after purchasing an additional 1,408,417 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Clarus by 3,616.8% during the 2nd quarter. Millennium Management LLC now owns 624,723 shares of the company’s stock worth $11,863,000 after purchasing an additional 607,915 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Clarus by 270.1% during the 4th quarter. Marshall Wace LLP now owns 745,083 shares of the company’s stock worth $5,841,000 after purchasing an additional 543,765 shares in the last quarter. Putnam Investments LLC acquired a new stake in shares of Clarus during the 1st quarter worth $3,777,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Clarus by 588.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 321,600 shares of the company’s stock worth $2,939,000 after purchasing an additional 274,868 shares in the last quarter. 81.51% of the stock is currently owned by institutional investors and hedge funds.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Its Outdoor segment offers shells, insulation, midlayers, pants, and logowear; carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; skincare and other products; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.