Clarus Corporation (NASDAQ:CLAR) Given Average Recommendation of “Hold” by Brokerages

Clarus Corporation (NASDAQ:CLAR) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $3.6333.

A number of analysts have issued reports on CLAR shares. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Lake Street Capital cut their price target on shares of Clarus from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Stifel Nicolaus set a $5.00 price target on shares of Clarus in a research note on Thursday, April 16th. Finally, Roth Mkm set a $2.90 price target on shares of Clarus in a research note on Wednesday, May 13th.

Institutional Trading of Clarus

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake 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 buying an additional 6,032 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Clarus during the first quarter worth approximately $149,000. Gamco Investors INC. ET AL increased its stake in shares of Clarus by 11.1% during the first quarter. Gamco Investors INC. ET AL now owns 350,000 shares of the company’s stock worth $952,000 after buying an additional 35,000 shares during the period. ARS Investment Partners LLC purchased a new stake in shares of Clarus during the first quarter worth approximately $219,000. Finally, Virtu Financial LLC purchased a new stake in shares of Clarus during the fourth quarter worth approximately $62,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Price Performance

Shares of NASDAQ:CLAR opened at $3.07 on Friday. The firm has a market capitalization of $118.01 million, a PE ratio of -2.65 and a beta of 1.02. The firm’s 50-day moving average is $2.79 and its two-hundred day moving average is $3.19. Clarus has a 1 year low of $2.53 and a 1 year high of $4.03.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.67 million. Clarus had a negative net margin of 17.70% and a negative return on equity of 0.11%.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, May 18th. Clarus’s dividend payout ratio is presently -8.62%.

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.