Clarus (NASDAQ:CLAR) Downgraded to “Neutral” at Roth Mkm

Roth Mkm lowered shares of Clarus (NASDAQ:CLAR) from a buy rating to a neutral rating in a research note issued to investors on Friday morning, MarketBeat reports. The firm currently has $6.00 price target on the stock, down from their previous price target of $7.50.

Several other analysts have also recently commented on the company. StockNews.com upgraded Clarus to a sell rating in a report on Thursday, April 11th. B. Riley lifted their price objective on Clarus from $8.00 to $9.00 and gave the stock a buy rating in a research report on Monday, May 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $9.67.

Clarus Price Performance

Shares of CLAR stock traded down $0.80 during trading hours on Friday, hitting $4.97. 1,177,954 shares of the company’s stock were exchanged, compared to its average volume of 266,317. The stock’s 50-day moving average is $6.37 and its 200-day moving average is $6.35. The stock has a market cap of $190.35 million, a price-to-earnings ratio of 19.12 and a beta of 0.89. Clarus has a 52 week low of $4.77 and a 52 week high of $9.38.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter. The business had revenue of $56.48 million for the quarter, compared to the consensus estimate of $59.28 million. Clarus had a negative return on equity of 0.76% and a net margin of 2.23%. During the same quarter in the previous year, the company posted $0.07 EPS. Equities research analysts forecast that Clarus will post 0.14 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 9th will be paid a $0.025 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.10 dividend on an annualized basis and a yield of 2.01%. Clarus’s payout ratio is presently 38.46%.

Hedge Funds Weigh In On Clarus

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Clarus by 5.9% in the second quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock worth $307,000 after purchasing an additional 2,545 shares during the period. SG Americas Securities LLC raised its holdings in Clarus by 23.1% in the fourth quarter. SG Americas Securities LLC now owns 15,386 shares of the company’s stock worth $106,000 after purchasing an additional 2,891 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Clarus by 30.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after purchasing an additional 3,658 shares during the period. BNP Paribas Financial Markets raised its holdings in Clarus by 71.5% in the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after purchasing an additional 6,213 shares during the period. Finally, Olympiad Research LP raised its holdings in shares of Clarus by 54.4% during the fourth quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock worth $135,000 after acquiring an additional 6,898 shares during the period. 90.30% of the stock is owned by institutional investors.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.