Clarus (NASDAQ:CLAR – Free Report) had its target price increased by Lake Street Capital from $3.00 to $4.00 in a research note released on Friday morning,Benzinga reports. They currently have a hold rating on the stock.
A number of other equities research analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a report on Sunday, September 27th. Roth Capital increased their target price on shares of Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a report on Monday, August 10th. B. Riley Financial lifted their target price on shares of Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.31.
Clarus Stock Performance
Shares of Clarus stock opened at $5.02 on Friday. The firm has a market capitalization of $192.97 million, a PE ratio of -7.28 and a beta of 1.02. The business’s 50-day moving average price is $3.74 and its 200-day moving average price is $3.29. Clarus has a 12 month low of $2.53 and a 12 month high of $5.18.
Clarus (NASDAQ:CLAR – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.10. The company had revenue of $71.22 million during the quarter, compared to the consensus estimate of $66.84 million. Clarus had a positive return on equity of 7.27% and a negative net margin of 10.44%. As a group, analysts predict that Clarus will post 0.25 earnings per share for the current fiscal year.
Clarus Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a $0.0250 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, November 16th. Clarus’s payout ratio is currently -14.49%.
Institutional Investors Weigh In On Clarus
Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Clarus in the 2nd quarter worth $1,454,000. GSA Capital Partners LLP purchased a new position in shares of Clarus in the 2nd quarter valued at approximately $652,000. Bank of New York Mellon Corp acquired a new stake in shares of Clarus during the second quarter worth $557,000. Squarepoint Ops LLC lifted its position in 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 period. Finally, Renaissance Technologies LLC purchased a new stake in Clarus in the first quarter valued at approximately $149,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.
About Clarus
Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.
Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.
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