Clarus (NASDAQ:CLAR) Cut to “Hold” at Roth Capital

Roth Capital downgraded shares of Clarus (NASDAQ:CLAR) from a strong-buy rating to a hold rating in a research report released on Friday morning, Zacks.com reports.

Several other equities analysts also recently commented on the company. Roth Mkm downgraded Clarus from a buy rating to a neutral rating and decreased their target price for the company from $7.50 to $6.00 in a research report on Friday. StockNews.com raised Clarus from a sell rating to a hold rating in a report on Friday. Finally, B. Riley lifted their target price on Clarus from $8.00 to $9.00 and gave the stock a buy rating in a 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. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $9.67.

Clarus Trading Down 13.9 %

CLAR opened at $4.97 on Friday. The stock’s fifty day simple moving average is $6.37 and its 200 day simple moving average is $6.36. Clarus has a 1-year low of $4.77 and a 1-year high of $9.38. The stock has a market cap of $190.35 million, a PE ratio of 19.12 and a beta of 0.89.

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

Clarus Announces Dividend

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

Hedge Funds Weigh In On Clarus

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in Clarus by 5.9% during 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 last quarter. SG Americas Securities LLC grew its position in Clarus by 23.1% in the fourth quarter. SG Americas Securities LLC now owns 15,386 shares of the company’s stock valued at $106,000 after acquiring an additional 2,891 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Clarus by 30.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after acquiring an additional 3,658 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Clarus by 71.5% during the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after acquiring an additional 6,213 shares in the last quarter. Finally, Olympiad Research LP lifted its holdings in shares of Clarus by 54.4% in 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 last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

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.