Wall Street Zen upgraded shares of Clarus (NASDAQ:CLAR – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
CLAR has been the topic of a number of other research reports. B. Riley Financial boosted their price objective on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a research note on Monday, August 31st. Finally, Roth Capital upped their price target on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a report 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.06.
Get Our Latest Stock Analysis on CLAR
Clarus Price Performance
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, 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 during the quarter, compared to the consensus estimate of $51.54 million. Equities research analysts anticipate that Clarus will post 0.26 EPS for the current year.
Clarus Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 dividend on an annualized basis and a yield of 2.7%. Clarus’s dividend payout ratio is presently -12.20%.
Hedge Funds Weigh In On Clarus
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Clarus by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock valued at $2,354,000 after acquiring an additional 3,611 shares during the last quarter. Barclays PLC boosted its stake in shares of Clarus by 11.1% during the 4th quarter. Barclays PLC now owns 46,299 shares of the company’s stock worth $155,000 after purchasing an additional 4,644 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Clarus by 21.1% during the first quarter. Bank of America Corp DE now owns 34,602 shares of the company’s stock worth $94,000 after buying an additional 6,032 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Clarus by 16.7% in the second quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock valued at $243,000 after buying an additional 10,000 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Clarus by 35.4% during the second quarter. Jane Street Group LLC now owns 38,569 shares of the company’s stock valued at $134,000 after buying an additional 10,094 shares during the period. 90.30% of the stock is owned by institutional investors and hedge funds.
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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