Clarus Corporation (NASDAQ:CLAR) Receives $4.06 Average Price Target from Brokerages

Clarus Corporation (NASDAQ:CLARGet Free Report) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $4.0625.

CLAR has been the topic of a number of research analyst reports. 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 reaffirmed a “sell (d-)” rating on shares of Clarus in a research note on Monday, August 31st. B. Riley Financial raised 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. 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. Finally, Wall Street Zen upgraded Clarus from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th.

View Our Latest Stock Analysis on CLAR

Institutional Trading of Clarus

A number of hedge funds have recently modified their holdings of CLAR. Potomac Capital Management Inc. purchased a new stake in shares of Clarus in the 4th quarter worth about $3,244,000. BlackRock Inc. purchased a new position in Clarus during the 2nd quarter valued at about $1,454,000. Gamco Investors INC. ET AL lifted its position in Clarus by 11.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 350,000 shares of the company’s stock valued at $952,000 after acquiring an additional 35,000 shares during the period. GSA Capital Partners LLP bought a new stake in Clarus during the second quarter worth about $652,000. Finally, Bank of New York Mellon Corp bought a new stake in Clarus during the second quarter worth about $557,000. Institutional investors own 90.30% of the company’s stock.

Clarus Price Performance

NASDAQ CLAR opened at $3.58 on Tuesday. The stock has a market capitalization of $137.62 million, a PE ratio of -4.37 and a beta of 1.08. Clarus has a 1 year low of $2.53 and a 1 year high of $3.97. The business’s 50-day moving average is $3.53 and its 200 day moving average is $3.12.

Clarus (NASDAQ:CLARGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.25. The business had revenue of $56.16 million during the quarter, compared to analyst estimates 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 anticipate that Clarus will post 0.26 earnings per share for the current year.

Clarus Dividend Announcement

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

About Clarus

(Get Free Report)

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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Analyst Recommendations for Clarus (NASDAQ:CLAR)

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