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

Clarus Co. (NASDAQ:CLAR) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.92.

A number of brokerages have recently weighed in on CLAR. B. Riley lifted their price target on Clarus from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday. StockNews.com upgraded Clarus to a “sell” rating in a research note on Thursday, April 11th. Finally, Roth Mkm boosted their target price on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th.

Clarus Trading Down 3.4 %

Shares of CLAR stock opened at $6.77 on Wednesday. Clarus has a 1-year low of $4.77 and a 1-year high of $9.58. The company has a market capitalization of $259.29 million, a price-to-earnings ratio of 26.04 and a beta of 0.90. The stock’s fifty day simple moving average is $6.41 and its 200-day simple moving average is $6.08.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Clarus had a net margin of 3.08% and a return on equity of 1.01%. The business had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $84.45 million. On average, sell-side analysts predict that Clarus will post -0.01 EPS for the current year.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be given a $0.025 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.48%. Clarus’s dividend payout ratio is currently 38.46%.

Institutional Trading of Clarus

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Clarus during the 1st quarter worth about $567,000. BNP Paribas Financial Markets raised its holdings in Clarus by 71.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after acquiring an additional 6,213 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after acquiring an additional 3,658 shares in the last quarter. Parthenon LLC raised its holdings in Clarus by 8.1% in the 1st quarter. Parthenon LLC now owns 200,164 shares of the company’s stock valued at $1,351,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. raised its holdings in Clarus by 348.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock valued at $3,199,000 after acquiring an additional 360,583 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Company Profile

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.