Clarus Corporation (NASDAQ:CLAR) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Clarus has a consensus “Hold” rating from six analysts: three holds, two buys and one sell. The average 12-month price target is $4.06, compared with the stock’s recent price of $3.79.
• Clarus exceeded quarterly expectations, reporting $0.18 in earnings per share versus a projected loss of $0.07, while revenue of $56.16 million topped the $51.54 million consensus estimate.
• The company declared a quarterly dividend of $0.025 per share, equating to an annualized dividend of $0.10 and a 2.6% yield; institutional investors own approximately 90.3% of the outstanding stock.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has received a consensus recommendation of "Hold" from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $4.0625.

A number of brokerages have recently commented on CLAR. Stifel Nicolaus set a $5.00 target price on shares of Clarus in a report on Thursday, April 16th. B. Riley Financial raised their price objective on shares of Clarus from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Monday. Zacks Research cut shares of Clarus from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. Roth Capital increased their target price on shares of Clarus from $2.90 to $3.75 and gave the stock a "neutral" rating in a research note on Monday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Clarus in a report on Wednesday, June 3rd.

Clarus Stock Up 3.0%

NASDAQ:CLAR opened at $3.79 on Friday. The company has a market capitalization of $145.69 million, a PE ratio of -4.62 and a beta of 1.05. Clarus has a 52-week low of $2.53 and a 52-week high of $4.03. The stock's 50 day moving average price is $3.26 and its 200 day moving average price is $3.09.

Clarus (NASDAQ:CLAR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.25. The company had revenue of $56.16 million during the quarter, compared to analysts' expectations of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. Clarus's dividend payout ratio (DPR) is -12.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Abel Hall LLC purchased a new stake in shares of Clarus during the fourth quarter worth approximately $39,000. Verition Fund Management LLC purchased a new position in Clarus in the 3rd quarter valued at $50,000. Quadrature Capital Ltd acquired a new position in Clarus in the 4th quarter valued at $56,000. Virtu Financial LLC purchased a new position in Clarus during the 4th quarter worth $62,000. Finally, Millennium Management LLC purchased a new position in Clarus during the 4th quarter worth $70,000. 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.

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