Clarus (NASDAQ:CLAR) Shares Climb 1.8% – What’s Next?

Clarus Corporation (NASDAQ:CLAR)’s share price was up 1.8% on Monday. The company traded as high as $3.94 and last traded at $3.90. 175,774 shares traded hands during trading, an increase of 44% from the average session volume of 122,125 shares. The stock had previously closed at $3.83.

Analyst Ratings Changes

CLAR has been the subject of several research analyst reports. Roth Capital boosted their target price on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Finally, B. Riley Financial increased their price target on Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.06.

Clarus Stock Performance

The business’s fifty day moving average is $3.62 and its 200-day moving average is $3.26. The firm has a market cap of $165.29 million, a P/E ratio of -5.24 and a beta of 1.10.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, August 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.25. The firm had revenue of $56.16 million for the quarter, compared to analyst estimates of $51.54 million. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. Analysts predict that Clarus Corporation will post 0.26 EPS for the current fiscal year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a $0.0250 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, August 17th. Clarus’s dividend payout ratio is presently -12.20%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in shares of Clarus during the second quarter worth about $33,000. Ieq Capital LLC acquired a new stake in Clarus during the 2nd quarter valued at approximately $69,000. Empowered Funds LLC acquired a new stake in Clarus during the 2nd quarter valued at approximately $86,000. Marquette Asset Management LLC bought a new position in Clarus during the 2nd quarter worth approximately $92,000. Finally, Bank of America Corp DE raised its holdings in 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 purchasing an additional 6,032 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.

Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.