Shares of Clarus Corporation (NASDAQ:CLAR – Get Free Report) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $4.06.
A number of equities research analysts have recently issued reports on the stock. B. Riley Financial boosted their price target on shares of Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a research note on Monday, August 31st. Finally, Roth Capital increased their target price on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a report on Monday, August 10th.
Read Our Latest Research Report on CLAR
Institutional Investors Weigh In On Clarus
Clarus Stock Up 2.0%
NASDAQ:CLAR opened at $3.49 on Friday. The stock has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $3.19. The firm has a market capitalization of $134.16 million, a price-to-earnings ratio of -4.26 and a beta of 1.10. Clarus has a 1-year low of $2.53 and a 1-year high of $3.97.
Clarus (NASDAQ:CLAR – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.25. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. The firm had revenue of $56.16 million for the quarter, compared to the consensus estimate of $51.54 million. Equities analysts predict that Clarus will post 0.26 earnings per share for the current year.
Clarus Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.0250 per share. This represents a $0.10 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Clarus’s payout ratio is presently -12.20%.
Clarus Company Profile
Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company. It develops, manufactures and distributes products designed for climbing, mountaineering, skiing, hiking, camping, vehicle-based adventure and other outdoor activities.
Its principal brand, Black Diamond Equipment, offers climbing and mountaineering gear, skis, ski equipment, trekking poles, packs, headlamps, apparel and other accessories. Clarus also markets vehicle-access and recovery products through Rhino-Rack and MAXTRAX, as well as avalanche safety equipment under the PIEPS brand.
Clarus sells its products through specialty outdoor retailers, sporting-goods stores, distributors, e-commerce channels and other international outlets.
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