Clarus Corporation (NASDAQ:CLAR) Receives $4.75 Average Price Target from Analysts

Shares of Clarus Corporation (NASDAQ:CLAR) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.75.

Several brokerages have recently weighed in on CLAR. Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a research note on Monday. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th.

Hedge Funds Weigh In On Clarus

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC bought a new stake in Clarus during the third quarter valued at $50,000. Two Sigma Investments LP acquired a new position in shares of Clarus in the 3rd quarter valued at about $221,000. Russell Investments Group Ltd. boosted its position in shares of Clarus by 4.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,398,258 shares of the company’s stock valued at $4,894,000 after purchasing an additional 58,821 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Clarus by 3.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 315,000 shares of the company’s stock valued at $1,102,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Peapod Lane Capital LLC grew its stake in Clarus by 9.3% during the third quarter. Peapod Lane Capital LLC now owns 530,183 shares of the company’s stock worth $1,855,000 after purchasing an additional 44,963 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Stock Performance

CLAR stock opened at $3.39 on Wednesday. The company has a market capitalization of $130.18 million, a P/E ratio of -1.61 and a beta of 1.09. The company has a fifty day moving average price of $3.42 and a 200-day moving average price of $3.52. Clarus has a 52-week low of $3.02 and a 52-week high of $5.08.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $69.35 million during the quarter, compared to analyst estimates of $66.43 million. Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. As a group, sell-side analysts forecast that Clarus will post -0.06 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, November 17th. Clarus’s dividend payout ratio is currently -4.74%.

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.