Clarus Corporation (NASDAQ:CLAR) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a “Hold” consensus on Clarus, with one sell, three hold and two buy ratings. The average 12-month price target is $4.06.
• Clarus reported quarterly revenue of $56.16 million and earnings of $0.18 per share, exceeding analysts’ expectations, although the company posted a negative net margin of 12.44%.
• The company pays a quarterly dividend of $0.025 per share, equivalent to a 2.9% annualized yield, while institutional investors own approximately 90.3% of outstanding shares.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $4.06.

CLAR has been the topic of several recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Clarus in a report on Monday, August 31st. Wall Street Zen upgraded Clarus from a "hold" rating to a "buy" rating in a report on Sunday, September 27th. Roth Capital boosted their price objective on Clarus from $2.90 to $3.75 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Finally, B. Riley Financial boosted their price objective on Clarus from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Monday, August 10th.

Clarus Stock Performance

Shares of NASDAQ:CLAR opened at $3.45 on Friday. The stock has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.16. The stock has a market capitalization of $132.62 million, a P/E ratio of -4.21 and a beta of 1.10. Clarus has a 1 year low of $2.53 and a 1 year high of $3.97.

Clarus (NASDAQ:CLAR - Get Free Report) last announced its quarterly earnings results 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. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. The firm had revenue of $56.16 million for the quarter, compared to analysts' expectations of $51.54 million. Analysts predict that Clarus will post 0.26 earnings per share for the current year.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.0250 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 annualized dividend and a yield of 2.9%. Clarus's payout ratio is -12.20%.

Institutional Trading of Clarus

Several large investors have recently bought and sold shares of CLAR. BlackRock Inc. acquired a new stake in Clarus during the 2nd quarter valued at $1,454,000. Potomac Capital Management Inc. acquired a new stake in shares of Clarus during the fourth quarter valued at about $3,244,000. GSA Capital Partners LLP acquired a new stake in shares of Clarus during the second quarter valued at about $652,000. Bank of New York Mellon Corp purchased a new stake in shares of Clarus during the second quarter worth about $557,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Clarus during the second quarter worth about $122,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Clarus Company Profile

Clarus Corporation NASDAQ: CLAR is a global company that designs, develops, manufactures and distributes outdoor equipment and related products. Its portfolio serves consumers and professionals in climbing, skiing, mountaineering, camping, cycling, trail sports, overlanding and other outdoor activities.

The company's principal brands include Black Diamond Equipment, which offers climbing, mountain sports, ski and outdoor products; Rhino-Rack, which develops vehicle-based carrying and storage systems; and MAXTRAX, which produces vehicle recovery boards and related off-road equipment.

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