Clarus Corporation (NASDAQ:CLAR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $4.75.

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Clarus from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research report on Monday, December 29th.

Clarus Stock Performance

NASDAQ CLAR opened at $3.61 on Friday. The firm’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $3.51. The stock has a market cap of $138.62 million, a PE ratio of -1.71 and a beta of 1.08. Clarus has a fifty-two week low of $3.02 and a fifty-two week high of $5.08.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. The firm had revenue of $69.35 million for the quarter, compared to analyst estimates of $66.43 million. As a group, sell-side analysts predict that Clarus will post -0.06 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.8%. Clarus’s payout ratio is currently -4.74%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its holdings in Clarus by 7,774.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company’s stock worth $31,000 after buying an additional 8,707 shares during the period. Abel Hall LLC bought a new stake in shares of Clarus during the 2nd quarter valued at about $37,000. Quadrature Capital Ltd acquired a new stake in Clarus during the second quarter worth approximately $39,000. Verition Fund Management LLC acquired a new position in Clarus in the third quarter valued at approximately $50,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Clarus by 19.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock worth $81,000 after buying an additional 3,845 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

Clarus Company Profile

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.