Analysts Set Clarus Corporation (NASDAQ:CLAR) PT at $3.63

Shares of Clarus Corporation (NASDAQ:CLAR) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $3.6333.

Several research firms have recently commented on CLAR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a research report on Wednesday, June 3rd. Roth Capital set a $2.90 price target on shares of Clarus in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Stifel Nicolaus set a $5.00 price objective on shares of Clarus in a report on Thursday, April 16th. Finally, Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th.

Clarus Stock Down 0.3%

Shares of CLAR stock opened at $3.35 on Monday. The firm has a market capitalization of $128.77 million, a price-to-earnings ratio of -2.89 and a beta of 1.07. The stock has a fifty day moving average of $3.10 and a 200 day moving average of $3.11. Clarus has a 52 week low of $2.53 and a 52 week high of $4.03.

Clarus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, May 18th. Clarus’s dividend payout ratio (DPR) is presently -8.62%.

Institutional Investors Weigh In On Clarus

Several hedge funds have recently made changes to their positions in CLAR. Potomac Capital Management Inc. bought a new stake in shares of Clarus during the 4th quarter valued at $3,244,000. Parthenon LLC increased its stake in shares of Clarus by 39.6% in the 4th quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after acquiring an additional 285,124 shares in the last quarter. LPL Financial LLC bought a new position in shares of Clarus in the 4th quarter worth about $480,000. ARS Investment Partners LLC purchased a new position in Clarus during the 1st quarter valued at about $219,000. Finally, Two Sigma Investments LP purchased a new position in Clarus during the 3rd quarter valued at about $221,000. 90.30% of the stock is currently owned by 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.