Clarus Target of Unusually High Options Trading (NASDAQ:CLAR)

Key Points

• Clarus saw unusually high options activity, with investors purchasing 5,030 call options—4,432% above the typical volume of 111 contracts.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy, three rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $4.06.
• Clarus reported quarterly EPS of $0.18, beating estimates by $0.25, while revenue of $56.16 million also exceeded expectations. The company trades near $3.56 and recently paid a quarterly dividend of $0.025 per share.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) was the recipient of unusually large options trading activity on Monday. Investors acquired 5,030 call options on the company. This is an increase of 4,432% compared to the typical volume of 111 call options.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CLAR. B. Riley Financial upped their price objective on 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 research note on Monday, August 31st. Zacks Research cut Clarus from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded Clarus from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Roth Capital raised their price target on shares of Clarus from $2.90 to $3.75 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.06.

Institutional Investors Weigh In On Clarus

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC bought a new position in Clarus during the second quarter worth about $33,000. Ieq Capital LLC acquired a new position in Clarus during the second quarter worth approximately $69,000. Empowered Funds LLC bought a new stake in Clarus in the second quarter valued at approximately $86,000. Marquette Asset Management LLC bought a new stake in Clarus in the second quarter valued at approximately $92,000. Finally, Bank of America Corp DE lifted its position in shares of Clarus by 21.1% in the first quarter. Bank of America Corp DE now owns 34,602 shares of the company's stock valued at $94,000 after buying an additional 6,032 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

Clarus Stock Performance

CLAR traded down $0.01 on Monday, hitting $3.56. 4,994 shares of the company were exchanged, compared to its average volume of 213,852. The stock's fifty day moving average is $3.55 and its 200-day moving average is $3.13. Clarus has a 12 month low of $2.53 and a 12 month high of $3.97. The company has a market cap of $137.04 million, a PE ratio of -4.35 and a beta of 1.08.

Clarus (NASDAQ:CLAR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.25. The company had revenue of $56.16 million during the quarter, compared to the consensus estimate of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. As a group, equities research analysts expect that Clarus will post 0.26 EPS for the current fiscal year.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 17th. Clarus's dividend payout ratio (DPR) is -12.20%.

About Clarus

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.

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.