Brokerages Set Clarus Corporation (NASDAQ:CLAR) Price Target at $4.75

Shares of Clarus Corporation (NASDAQ:CLAR) have received an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.75.

CLAR has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Clarus in a research report on Monday, December 29th. Wall Street Zen upgraded Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th.

Clarus Price Performance

Shares of CLAR opened at $3.72 on Friday. Clarus has a 12 month low of $3.02 and a 12 month high of $5.08. The stock has a fifty day moving average price of $3.45 and a 200 day moving average price of $3.51. The company has a market cap of $142.85 million, a P/E ratio of -1.76 and a beta of 1.08.

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

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.7%. Clarus’s dividend payout ratio is presently -4.74%.

Institutional Investors Weigh In On Clarus

Several institutional investors have recently bought and sold shares of CLAR. JPMorgan Chase & Co. boosted its holdings in Clarus by 344.8% during the third quarter. JPMorgan Chase & Co. now owns 66,498 shares of the company’s stock worth $233,000 after buying an additional 51,548 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Clarus during the 3rd quarter worth $50,000. Two Sigma Investments LP acquired a new position in shares of Clarus in the 3rd quarter worth $221,000. Russell Investments Group Ltd. raised its position in shares of Clarus by 4.4% during the third quarter. Russell Investments Group Ltd. now owns 1,398,258 shares of the company’s stock worth $4,894,000 after purchasing an additional 58,821 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Clarus by 3.8% during the third 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 during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.