Clarus Co. (NASDAQ:CLAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Clarus Co. (NASDAQ:CLAR) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.75.

A number of research firms have recently commented on CLAR. B. Riley cut their target price on shares of Clarus from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Roth Mkm increased their target price on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com upgraded Clarus to a “sell” rating in a research report on Thursday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $7.00 price target (down from $13.00) on shares of Clarus in a research report on Thursday, January 4th.

Institutional Investors Weigh In On Clarus

A number of hedge funds have recently modified their holdings of CLAR. Advisor Group Holdings Inc. lifted its holdings in Clarus by 21.1% in the first quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock valued at $112,000 after acquiring an additional 857 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Clarus by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 206,136 shares of the company’s stock worth $4,695,000 after purchasing an additional 6,420 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Clarus by 65.3% in the 1st quarter. MetLife Investment Management LLC now owns 14,919 shares of the company’s stock valued at $340,000 after buying an additional 5,893 shares during the period. BlackRock Inc. lifted its position in Clarus by 2.6% in the first quarter. BlackRock Inc. now owns 1,649,727 shares of the company’s stock valued at $37,580,000 after buying an additional 42,369 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Clarus by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 682,042 shares of the company’s stock worth $15,538,000 after buying an additional 35,333 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Trading Down 4.5 %

NASDAQ CLAR opened at $6.09 on Friday. The stock has a market capitalization of $232.88 million, a price-to-earnings ratio of -22.55 and a beta of 0.90. The stock has a 50-day moving average of $6.27 and a 200 day moving average of $6.09. Clarus has a twelve month low of $4.77 and a twelve month high of $10.04.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The company had revenue of $76.50 million during the quarter, compared to analyst estimates of $84.45 million. Clarus had a negative net margin of 2.84% and a positive return on equity of 3.31%. Equities analysts predict that Clarus will post 0.06 EPS for the current fiscal year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, March 15th. Clarus’s dividend payout ratio (DPR) is currently -37.04%.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.