Clarus Co. (NASDAQ:CLAR - Get Free Report)'s share price traded down 0.5% on Tuesday . The company traded as low as $6.55 and last traded at $6.58. 194,136 shares changed hands during trading, a decline of 36% from the average session volume of 301,856 shares. The stock had previously closed at $6.61.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CLAR. Roth Mkm boosted their target price on shares of Clarus from $6.50 to $7.50 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $7.00 price target (down previously from $13.00) on shares of Clarus in a report on Thursday, January 4th. Finally, B. Riley reduced their price target on shares of Clarus from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Clarus presently has an average rating of "Moderate Buy" and an average price target of $9.75.
Get Our Latest Report on CLAR
Clarus Stock Down 0.5 %
The company's fifty day moving average price is $6.26 and its two-hundred day moving average price is $6.10. The company has a market cap of $251.62 million, a price-to-earnings ratio of -24.37 and a beta of 0.90.
Clarus (NASDAQ:CLAR - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). Clarus had a negative net margin of 2.84% and a positive return on equity of 3.31%. The business had revenue of $76.50 million during the quarter, compared to analyst estimates of $84.45 million. On average, equities research analysts predict that Clarus Co. will post 0.06 earnings per share for the current fiscal year.
Clarus Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, March 15th. Clarus's dividend payout ratio (DPR) is presently -37.04%.
Hedge Funds Weigh In On Clarus
Several large investors have recently modified their holdings of CLAR. Ensign Peak Advisors Inc bought a new position in shares of Clarus in the 3rd quarter worth $32,000. NBC Securities Inc. bought a new stake in Clarus during the 3rd quarter valued at $31,000. Quarry LP purchased a new stake in Clarus during the 2nd quarter worth about $41,000. Advisor Group Holdings Inc. lifted its holdings in shares of Clarus by 21.1% in the first quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company's stock worth $112,000 after buying an additional 857 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Clarus by 125.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,779 shares of the company's stock valued at $129,000 after purchasing an additional 3,773 shares during the period. Institutional investors own 90.30% of the company's stock.
Clarus Company Profile
(
Get Free Report)
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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