Clarus Corporation (NASDAQ:CLAR) Receives Average Recommendation of "Hold" from Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR - Get Free Report) have earned a consensus rating of "Hold" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.75.

A number of equities analysts have recently weighed in on the company. Roth Mkm cut their target price on Clarus from $3.50 to $3.25 and set a "neutral" rating on the stock in a research note on Friday, March 6th. Lake Street Capital cut their target price on Clarus from $3.50 to $3.00 and set a "hold" rating on the stock in a research note on Friday, March 6th. Wall Street Zen upgraded Clarus from a "sell" rating to a "hold" rating in a research note on Saturday, April 11th. Stifel Nicolaus set a $5.00 price target on shares of Clarus in a report on Thursday, April 16th. Finally, Zacks Research raised shares of Clarus from a "hold" rating to a "strong-buy" rating in a report on Monday.

Clarus Stock Up 8.1%

Shares of NASDAQ CLAR opened at $2.81 on Wednesday. Clarus has a twelve month low of $2.58 and a twelve month high of $4.03. The stock's 50 day moving average price is $2.84 and its 200-day moving average price is $3.25. The company has a market capitalization of $108.02 million, a PE ratio of -2.32 and a beta of 1.02.

Clarus (NASDAQ:CLAR - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. Clarus had a negative return on equity of 0.82% and a negative net margin of 18.59%.The firm had revenue of $65.41 million for the quarter, compared to the consensus estimate of $68.67 million. As a group, research analysts expect that Clarus will post 0.08 EPS for the current fiscal year.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Monday, March 16th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 16th. Clarus's payout ratio is -8.26%.

Institutional Investors Weigh In On Clarus

A number of hedge funds have recently modified their holdings of CLAR. Abel Hall LLC bought a new stake in shares of Clarus in the 4th quarter worth approximately $39,000. Verition Fund Management LLC bought a new stake in shares of Clarus in the 3rd quarter worth approximately $50,000. Quadrature Capital Ltd bought a new stake in shares of Clarus in the 4th quarter worth approximately $56,000. Virtu Financial LLC bought a new stake in shares of Clarus in the 4th quarter worth approximately $62,000. Finally, Millennium Management LLC bought a new stake in shares of Clarus in the 4th quarter worth approximately $70,000. Institutional investors own 90.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.