Clarus Corporation (NASDAQ:CLAR) Receives Consensus Rating of "Hold" from Analysts

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 reported share price of $3.75.
• Clarus exceeded quarterly expectations, reporting $0.18 earnings per share versus consensus estimates of a $0.07 loss, while revenue reached $56.16 million against estimates of $51.54 million.
• The company pays a quarterly dividend of $0.025 per share, equivalent to a 2.7% annualized yield; institutional investors own approximately 90.3% of Clarus stock.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.0625.

Several equities research analysts have commented on CLAR shares. B. Riley Financial boosted their price target on shares of Clarus from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Monday, August 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Clarus in a report on Monday, August 31st. Roth Capital raised their price objective on Clarus from $2.90 to $3.75 and gave the company a "neutral" rating in a report on Monday, August 10th. Zacks Research downgraded Clarus from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Clarus from a "hold" rating to a "buy" rating in a report on Saturday.

Clarus Price Performance

Shares of CLAR opened at $3.75 on Tuesday. Clarus has a twelve month low of $2.53 and a twelve month high of $4.03. The stock has a market capitalization of $144.15 million, a P/E ratio of -4.57 and a beta of 1.08. The company has a 50 day moving average of $3.48 and a 200-day moving average of $3.11.

Clarus (NASDAQ:CLAR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.25. The business had revenue of $56.16 million for the quarter, compared to analyst estimates of $51.54 million. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. On average, sell-side analysts anticipate that Clarus will post 0.26 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.7%. Clarus's payout ratio is -12.20%.

Institutional Investors Weigh In On Clarus

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC bought a new position in shares of Clarus in the second quarter valued at $33,000. Abel Hall LLC bought a new stake in Clarus during the fourth quarter worth $39,000. Verition Fund Management LLC acquired a new stake in Clarus in the third quarter valued at $50,000. Quadrature Capital Ltd acquired a new stake in Clarus in the fourth quarter valued at $56,000. Finally, Virtu Financial LLC bought a new position in shares of Clarus in the 4th quarter valued at about $62,000. 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.

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