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

Shares of Clarus Corporation (NASDAQ:CLAR) have been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $3.6333.

CLAR has been the topic of a number of analyst reports. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a research report on Wednesday. Zacks Research cut Clarus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Stifel Nicolaus set a $5.00 price target on Clarus in a report on Thursday, April 16th. Finally, Lake Street Capital lowered their price target on Clarus from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Friday, March 6th.

Clarus Stock Up 0.3%

Clarus stock opened at $2.87 on Friday. The business has a 50-day simple moving average of $2.81 and a two-hundred day simple moving average of $3.17. The company has a market cap of $110.32 million, a P/E ratio of -2.47 and a beta of 1.09. Clarus has a 52-week low of $2.53 and a 52-week high of $4.03.

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

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.10 dividend on an annualized basis and a yield of 3.5%. Clarus’s payout ratio is currently -8.62%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Clarus by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock worth $2,354,000 after purchasing an additional 3,611 shares in the last quarter. Barclays PLC raised its holdings in shares of Clarus by 11.1% during the 4th quarter. Barclays PLC now owns 46,299 shares of the company’s stock worth $155,000 after acquiring an additional 4,644 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Clarus by 21.1% during the 1st quarter. Bank of America Corp DE now owns 34,602 shares of the company’s stock worth $94,000 after acquiring an additional 6,032 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Clarus by 16.7% during the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock worth $243,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Clarus by 35.4% during the 2nd quarter. Jane Street Group LLC now owns 38,569 shares of the company’s stock worth $134,000 after acquiring an additional 10,094 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

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.