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

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $5.10.

A number of research analysts have issued reports on CLAR shares. B. Riley decreased their target price on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Stifel Nicolaus decreased their target price on Clarus from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Lake Street Capital decreased their target price on Clarus from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Roth Capital set a $3.50 target price on Clarus and gave the company a "neutral" rating in a research note on Wednesday, May 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CLAR. Bank of New York Mellon Corp boosted its position in shares of Clarus by 43.0% during the fourth quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company's stock worth $1,682,000 after buying an additional 112,099 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Clarus by 46.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,371 shares of the company's stock worth $137,000 after acquiring an additional 9,677 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Clarus by 102.9% during the fourth quarter. Proficio Capital Partners LLC now owns 68,943 shares of the company's stock worth $311,000 after acquiring an additional 34,960 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Clarus by 25.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company's stock worth $100,000 after acquiring an additional 4,453 shares in the last quarter. Finally, Lepercq Multi Asset Fund bought a new stake in Clarus during the fourth quarter worth about $95,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Trading Up 0.6%

NASDAQ CLAR opened at $3.53 on Tuesday. The stock has a 50-day simple moving average of $3.33 and a 200 day simple moving average of $4.03. The company has a market capitalization of $135.55 million, a PE ratio of -1.71 and a beta of 0.85. Clarus has a 12 month low of $3.02 and a 12 month high of $6.83.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.10 annualized dividend and a dividend yield of 2.83%. Clarus's dividend payout ratio is currently -4.83%.

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.

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