Wall Street Zen lowered shares of Clarus (NASDAQ:CLAR – Free Report) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.
Several other research firms have also issued reports on CLAR. Roth Capital upped their target price on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a report on Monday, August 10th. B. Riley Financial raised their price target on Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Monday, August 10th. Zacks Research lowered Clarus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.06.
Check Out Our Latest Stock Report on Clarus
Clarus Trading Down 0.3%
Clarus (NASDAQ:CLAR – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate 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. On average, equities research analysts forecast that Clarus will post 0.26 EPS for the current year.
Clarus Announces Dividend
The firm 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 presently -12.20%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in CLAR. Squarepoint Ops LLC increased its holdings in shares of Clarus by 88.8% during the 2nd quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock worth $401,000 after acquiring an additional 59,922 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Clarus during the 2nd quarter valued at $33,000. Empowered Funds LLC acquired a new stake in Clarus during the 2nd quarter valued at $86,000. Corient Private Wealth LP bought a new position in Clarus during the second quarter worth $122,000. Finally, Ieq Capital LLC acquired a new position in shares of Clarus in the second quarter valued at $69,000. 90.30% of the stock is currently owned by institutional investors.
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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